Negotiating Win-Win Outcomes

Business.com recently published my article “The Art of Negotiating; How to Make Every Deal a Win-Win.”

In today’s business environment, where specialization, outsourcing, partnerships, alliances, collaborations and greater transparency are the norm, negotiating win-win outcomes is essential for building long-term, stable business relationships.

negotiatingThis article summarizes the differences between distributive negotiations, which produce winners and losers, and integrative negotiations, which produce win-win collaborations.

I’d always heard that you should never make the first offer when negotiating. But during my research, I discovered another viewpoint on this.

Alison R. Fragale, Ph.D., a professor of organizational behavior at the University of North Carolina at Chapel Hill’s Kenan-Flagler Business School, suggests that the integrative approach allows you to open negotiations with an offer as close as possible to the other party’s acceptable level, thus avoiding a “too reasonable” offer that leaves money on the table. You can read her full rationale in a blog post for the school’s online MBA degree program.

Frazeology end note

 

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Eric F. Frazier

Eric F. Frazier is an independent writer, editor, book reviewer and co-author of GPS Declassified: From Smart Bombs to Smartphones.