Negotiations happen in our daily lives. We might not be aware of it, but many situations require good negotiation skills, including the simple act of buying an item from a store, talking things over to save a relationship, and trade agreement between nations, among others.
It would be worthwhile to consider the factors that may spell success or failure in the negotiating table:
1. Everyone aspires for negotiations to turn out successful; otherwise, it is senseless to sit, talk, and explore (sometimes for hours) each others position to no avail. For this to be so, exert every effort to favor the other partys whims while still coming out satisfied or contented with the outcome of the negotiation. This should be your objective. Come to terms as easily as possible. Stipulate details in black and white with a tint of trust to seal the negotiation in favor of both parties.
2. Mutual respect for each others priorities must prevail. Never focus on your own objective alone. Think of how the other party would be satisfied with the outcome.
3. Get to the core of the discussion and work from that core outward, concentrating on the details.
4. It is not...
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