Negotiations involve give and take. It means that one party shall come out from negotiation. The other should concede though the concession is less. The parties involved in negotiations may differ. They may include talks between sellers and buyers, prospective employee and an employer, or government of two or more nations.
What are the Major Factors in a Negotiation?
There are some key elements in negotiation and these elements are discussed in our Negotiation assignment help in Australia as follows:
The Parties Involved: The parties involved in the negotiations and their interests play a key role in a negotiation. The background of the parties involved and how it affects their position.
Relationships: The relationship between the parties and the intermediaries have importance. The relation of the parties and their role in the negotiation process.
Communication: How the needs of both the parties involved are communicated in the best way to secure the agreements via negotiation. The effective way of communicating the needs and outcomes are ascertained.
Alternatives: During negotiation, the parties should find out whether there are any alternatives. When a direct agreement is not feasible, whether the parties look for substitute outcomes.
Realistic Options: What are the options available to get the result? Did the parties express there are flexibilities in the demands?
Legitimate Claims: Are the demands and requests of the party legitimate? What is the evidence that parties provide for substantiating their claims and showing their demands?
Commitment Level: What is the commitment needed by both parties for delivering the result of the negotiations? The stake of both the parties and whether the negotiations consider the effort, which will be needed for achieving the negotiated results.