In order to be successful in business, it is important to establish healthy relationships with players in and around your industry. When negotiating deals, this can prove to be difficult if you aren’t using effective negotiation behaviors.
While it might take a few months or even years in a negotiation-heavy role to realize the value of long-term relationships, understanding the difference between one-off negotiations and relationship-focused negotiations is enormous. Of course, our shift to remote work over the past year also puts a strain on this learning curve.
During initial negotiations with a new party, take time to establish rapport and get to know the other party. What are their wants? What are their underlying needs? What negotiables does this party tend to value most?
Once the first successful deal has been reached and relationship-building is well underway, subsequent negotiations should be more predictable and straightforward. Plus, any lingering needs that were uncovered in the first negotiation can serve as ammunition for creative solutions in the future.
However, there is not only a fairly substantial time commitment in order to learn about the other party, but if not done skillfully, you may not even get to build that critical rapport that leads to a potential long-term relationship. That’s why it’s crucial to master these negotiation relationship behaviors.
Before we jump into the relationship-focused behaviors, let’s go over how they fit into the overall scope of negotiation behaviors. There are five negotiation behaviors:
Self-Interest Behaviors:
Relationship Behaviors:
All five of these negotiation behaviors should be used to guide the negotiation along, especially during those seemingly uncomfortable impasse moments. However uneasy negotiation impasses may feel, if navigated effectively, they can lead to a creative breakthrough that helps get the negotiation closer to a deal, and more importantly, get you more of what you want.
However, the three relationship behaviors will not only help nudge the current negotiation towards a favorable outcome, but they’ll also help establish a potentially fruitful long-term negotiation that lasts far beyond the scope of a single deal.
Asking open questions helps to reduce the other party’s frustration, as well as gather important information concerning the negotiation.
Criteria:
Use open questions when you need to:
Open questions sound like: Who, what, when, where, why, tell me more, etc. For example:
Testing and summarizing is a critical behavior because it demonstrates your sincere interest in a discussion. Simply adopting this behavior forces you to listen carefully.
Criteria:
Use testing and summarizing when you need to:
Testing and summarizing sounds like: simple summarization of a concrete statement or idea. For example:
Proposing conditionally allows you to stay in the tension to see if you can come up with creative ideas.
Criteria:
Propose conditionally when you need to:
Proposing conditionally sounds like: a hypothetical proposal with the goal of registering intent or exploring ideas. For example:
By learning and implementing the three relationship behaviors, you’ll have utilized a highly effective means of keeping a negotiation in that healthy tension that beckons creative solutions. However, simply knowing the three relationship behaviors will still leave your negotiation arsenal incomplete. This is why it’s important to also study the two remaining self-interest oriented negotiation behaviors, too. But, that’s another blog.