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Many things in life can and will be negotiated, from salary to large purchases. There are many things to consider when negotiating. Respecting the other party, communicating well, and being aware of your needs and wants before going into the negotiation can make it smoother. 7 Techniques for effective negotiation 1 - Be prepared to show the other party how they benefit 2 - Maintain human relations skills 3 - Foster a collaborative environment 4 - Know what you want prior to negotiation 5 - Listen to the other person 6 - Be aware of the power of a negotiation anchor 7 - Keep expectations realistic A negotiation anchor is a starting point for negotiations, and usually, all negotiations are based around this first figure. Because of this, it is important to understand the right anchor to start the negotiations with. HROB 152 Ch 13 Part 3
