PRESENTATION ON
NEGOTIATION PROCESS
PRESENTED BY
AJAY KUMAR
6460
Negotiation ;
A formal discussion between
people who are trying to
reach an agreement.
Negotiation process
Preparation and planning
Definition of ground rules
Clarification and justification
Bargaining and problem solving
Closure and implementation
Preparation and planning
one must beaware of conflict,the
history leading to the negotiation the
people involved and their perception
of the conflict expectations from the
negotiations etc.
DEFINATION OF GROUND RULE
Once the planning and strategy is
developed, one has to begin defining the
ground rules and procedures with the
other party over the negotiation itself that
will do the negotiation. Where will it take
place?
What time constrains, if any will apply? To
what issues will negotiations be limited?
CLARIFICATION AND JUSTIFICATION
When initial positions have been
exchanged both the parties will
explain amplify, clarify, bolster and
justify their original demands. This
need not be confrontational.
BARGAINING AND PROBLEM SOLVING
The essence of the negotiation
process is the actual give and take in
trying to hash out an agreement, a
proper bargain. It is here where
concessions will undoubtedly need to
be made by both parties.
Closure And Implementation
The final step in the negotiation process is
formalization the agreement that has been
worked out and developing and procedures
that are necessary for implementation and
monitoring.
For major negotiations this will require
hammering out the specifics in a
formal contract.