FAQs/Glossary

Negotiation Agenda

A formal agreed upon list of goals to be achieved or items to be discussed in a particular order during a meeting or negotiation. Agendas can be formal and obvious, or informal and subtle in negotiations. A negotiation agenda can be used to control the negotiation meeting.

By |2020-12-30T16:32:56-05:00December 30, 2020|

Negotiation Agent

A person who acts for or in place of another individual or entity as their representative in a negotiation with a third party. An agent, sometimes referred to as a third party agent, has full or limited authority to act on the behalf of the party they represent.

By |2020-12-30T16:32:56-05:00December 30, 2020|

Negotiation Coalition

A temporary union between two or more individuals or groups for a common aim or goal. A relatively common practice utilized in multi-party negotiations, used to gain advantage in the negotiation. Coalitions are more common when negotiators' stand to gain more through collaboration than through competing.

By |2020-12-30T16:32:56-05:00December 30, 2020|

Intersection Maneuver

This technique seeks to tie existing and future contracts into the content of ongoing negotiations. In a large organization, two buyers can deal with the same supplier without knowing it. If negotiations can be made to intersect, the leverage of one may extend to the other.

By |2022-11-18T15:01:15-05:00December 30, 2020|

Limiting Your Authority Technique

Negotiators often find it useful to limit their own authority. This provides opportunities for a negotiator to gather information, test the other side's positions, and explore potential concessions prior to being pressured into making a decision.

By |2020-12-30T16:32:50-05:00December 30, 2020|

Limits

Limits can involve time, money, authority, capacity, or expertise. "I can't agree to anything longer than 90 days." "We only have $$$ to spend." I don't have the authority to sign this." Limits provide opportunities for discovery. Options that might be available considering your limits. Limits can be real or imaginary.

By |2020-12-30T16:32:50-05:00December 30, 2020|

Linking

Make your agreement contingent upon the other side agreeing to another, maybe unrelated issue.

By |2020-12-30T16:32:50-05:00December 30, 2020|

Litigation

A formalised legal process to resolve a dispute through legal action in the form of a lawsuit. It often entails a contractual issue. It is the act of either bringing or challenging a lawsuit.

By |2020-12-30T16:32:50-05:00December 30, 2020|

Little Shot Complex

don't dwell on your own poor negotiating position—your pressures. Remind yourself that the other side also has pressures. Turn your attention to their pressures, not yours.

By |2020-12-30T16:32:50-05:00December 30, 2020|

Lose – Lose Negotiation

A negotiation result where all parties to a negotiation leave resources or gold on the table at the conclusion of a negotiation and fail to recognize or exploit more creative options that would lead to a "win-win" negotiated outcome. A term also used in "Game Theory" and Economics.

By |2022-11-18T15:11:11-05:00December 30, 2020|
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