Examples Of Win-Win Negotiation

6 Win-Win Negotiation Strategies

Introduction: The word win-win negotiation means the both parties should be beneficial and satisfied at the end of the negotiation.

The five win-win negotiations are:

1. Thinking of the long term mutual gain instead of the short time personal gain

2.Set a trust from the beginning

3. Take our time

4. compromise

5. Third party assistance

6. Present multiple offers

SO, I am using one real example to explain win-win negotiations that is negotiation between Two south indian states negotiated because of one highly and profitable developed city. I will expand above six win-win negotiation strategies with this example.

1.Thinking of the long term mutual gain instead of the short time personal gain.

The

win-win negotiation are built on a foundation of trust and shared respect. the ways to achieve this are to state your desire for a long term relationship.

3. Take our time:

To make your negotiation win-win you should not be hurry and take wrong decision. you have to take your own time to make opposite party to come over. Many negotiators are under the impression that if they take extra time to negotiate they are more likely to achieve a win-win settlement. The truth is that many studies on this very subject have revealed that extra time does not make much difference to the quality of the negotiated agreements.

4. compromise:

You can't make all negotiation on favour of you sometimes to make the deal done or to make win-win negotiation compromise is the only and good option for win-win negotiation. Many negotiators falsely believe that compromise is a positive approach to gain a win-win negotiation deal. This is plainly incorrect. If you look at the definition of the word compromise it means A settlement of a dispute in which two or more parties agree to accept something less than they originally wanted. If one or both parties agree to lower their aspirations, this is hardly a win-win

Third party assistance:

The third party in the sense getting the help from the other person who is not belongs to the negotiation to make the work done. They are few important points that come under this third party assistance are as follows.

a. An experienced negotiation expert will often suggest options and proposals that neither party thought of.

b. Both parties can safely share more sensitive information. Since information is the building blocks required for creative alternatives, this in itself can open doors that were previously not seen. The resultant outcome is more win-win by leaving little to no gold on the table.

c. Trust is fostered under the experienced third independent party’s direction. Often parties don’t share suspicions openly with each other. This format of negotiation is conducive to sharing doubts.

d. Mistakes are mitigated against, with a third party looking out for both sides’ interests. This prevents one sided gains and fosters a free thinking creative process, and of course reduces risks

6.Present multiple