Negotiation: The great skill !

 We are living in the 21st Century where negotiation is a new skill to life. In every day of our life, we negotiate, we negotiate with our family, friends, HR for salary, in the market, in the business. In business how can be one ahead is directly dependent on his negotiation skill. It is important for everyone in the long term. So how we learn about negotiation? Negotiation is never learned! It is practiced in the open market. 

I am going to tell you the great negotiator of before of this era. We call him, Abrah Lincon, he was the best at his negotiation skill when I read about him and came to now. So I inspired myself to learn negotiation skills.  Andrew Carnegie, himself, he has declared for his success is the negation skills which he has developed earlier. 

Why I am talking about such great people? Because learning from great people is never go worthless it seems to be a path to be extraordinary. 

But who is known as a great negotiator at this time? As per my knowledge is Donald Trump and Warren Buffet. This is the skill which outsourced from common people. In this, I will try to give a few examples of negotiation, and then you, yourself will decide how important it is?

Before coming to a negotiation one has to clearly understand why he/she is coming for negotiation?

•  One has to ask himself that should I negotiate? If yes! Then find a purpose for the negotiation, whether it is position-based or Interest-based.
• The next step goes for a Dispute resolution or a deal-making.
• Find the best Alternative to a Negotiated Agreement.
• Be aware of agents and his power to make a decision.

In negotiation: The key tactics for success:-

• Getting to know the other side and source of power in negotiation and increase your power in negotiation.
• Employ psychological tools for negotiation.
• Avoid psychological traps during the negotiation hours.
• Using psychological tools when making leadership and financial decisions.

Let me tell you a story When the CEO of Disney Land wanted to buy 10000 acres of land in Los Vegas so he knew in the name of Disney Land the price of the land may hike. So he set up another company and gave the power to make a decision and they were able to buy that at a cheap rate. Why this? Because whenever any big corporation buys such large land the area around began to sell at higher prices. These things had happened a lot of times. So the company was able to play at a safer cost. This decision was taken on account of financial decisions.

So there are certain laws that help you keep safe in negotiation:

• Have you reached the final agreement?
• Is another party is using a preliminary document?
• Have both sides give up something?
• Is the agreement legal?
• Is the agreement is in writing?
• Does your written contract is well negotiated?
• Is there any implied term that might not be part of the negotiation?

This story is based on negotiation skills:

When Teddy Roosevelt has printed 3 million and all his pamphlets been distributed to the candidate. Now he doesn't have any money to print more? and the photographer has the copyright to the picture? Now he calls his friend who works on Wall Street and he is a good negotiator and he explains his problem. So, Now he(friend) asked the photographer that the pamphlet printed by the photographer has a chance for publicity. Now How much they are willing to pay to the customer(Roosevelt) for the publicity. The photographer has to pay $3000.

In the end, I would like to tell negotiation skills can change the perspective of one life.