Identify two considerations that would be needed in a negotiation session. Make sure to identify the two parties in the process and why you feel the need for two considerations listed.
Mastering the art of negotiation is very essential in this century, getting what you desire and making your position as a strong one between two parties, effective negotiation depends on preparation. Good negotiators take time to think through their own position and that of their counterpart so they can ultimately handle anything that may arise during the bargaining process.
The two considerations which are very important to consider during negotiating parts are as follows –
1)Know what you want – Rather than enter a negotiating situation with a vague idea of your position, take time beforehand to formulate a detailed picture in your mind of what you want. Start by making a list of your demands. Say, for example, you’re applying for a new job. In this case, your list may include a desired salary, benefits, and vacation time.
Be very specific in your list of items, because specific demands carry more negotiating power. When you know exactly what you want, you will feel more confident and your counterpart will respond more favourably to your requests. Sometimes just acting like you expect a positive response will sway the other party in your favour.
2) Know where you can compromise – No one ever gets everything they ask for in life, and negotiation is no different. The process requires give and take from both parties, so you should always be prepared for compromise.
To avoid giving up too much, or giving in on the wrong issues, know in advance what concessions and compromises you are willing to make. Consider your list of demands and decide which items you absolutely must have, what items you would like to have, and what items would be great to have. Plan ahead how far you can reduce your demands so you aren’t forced into making snap decisions, or a decision you may regret.