If you think that your friendly neighbourhood Spider-Man can never inspire a blog post about leadership, think again! Check out this simple yet important piece on how to be a better leader. 🙂
Have you ever felt so drained out, that it becomes very difficult to focus on important tasks with a positive mindset? You’re not alone in this, as your brain’s telling you that the risk of burning out is on its way.
Public speaking. Now that’s a term most of us will shake to in anxiety. Although mankind has always been communicating with each other in large groups since the beginning, it’s become less of a natural and common trait amongst ourselves today.
Negotiation is an important skill to master. We often use it in our daily lives. We haggle for better prices at our local flea market, we barter items among our friends, we dicker into matters where sometimes we aren’t suppose to. Undeniably, everywhere we go, it’s driven deep in our core to negotiate. Not all outcomes of negotiation ends up benefiting both parties, sometimes both parties walk out of the deal. Here are 5 types of negotiations that everyone would eventually come across.
Win-Lose Negotiating. In this negotiation, you do not plan on making friends or long term relationships. You focus on getting the best deal possible such as selling a product at the highest price or haggling a product you’re buying to its lowest. The other party will not be entirely satisfied with your terms but would still agree to go on with the deal. This usually does not lead to additional opportunities of negotiations between both parties except in rare cases.
Lose-Lose Negotiating. Neither you or the other party is satisfied with the outcome of the negotiation. In these cases, both parties reached a point whereby they agree with terms with sacrificing something and gaining less of what they originally wanted. This is the worst kind of negotiation as both parties are not satisfied with the outcome, it’s sometimes best to avoid such negotiations as they do not yield optimum results.
Lose-Win Negotiating. This is the opposite of the win-lose negotiating where you might want to retain the favor of the other party by allowing them to get more benefits in the negotiation when you are faced with a tough decision to make. Do not negotiate these terms unless you are certain that you will be building a favorable long-term relationship with the other party.
Compensation Negotiating. A rare form of negotiation. A compensation happens when both parties could not reach to a point of agreement immediately and both parties seek to provide compensations of equal value to add-on into the negotiation. Neither party’s needs are met entirely and mostly both parties walk away with something less satisfying yet the deal has been made. They’re not particularly excited about the outcome and yet not entirely unhappy.
Win-Win Negotiating. The best outcome of a negotiation. A win-win negotiation guarantees long-term relationships with terms in favor of both parties. In most cases, a negotiation may not start off in good terms of both parties and to attain win-win situations, an alternative would be suggested by both parties and slowly molded to see to the commitments and basic requirements of both parties. A win-win negotiation can be attained when both parties feel that the alternative may be a better solution from what they initially requested.
About the Author:
Lyon Ong is a professional business coach and the founder of ReStrategize Coaching, a platform where he helps entrepreneurs build an audience and generate profits through a series of laser-focused coaching sessions. Find out more about Lyon at www.lyonong.com.
We live in a world where it’s incredibly important to connect with many people and socialise with them. This isn’t only for the sake of having drinks with buddies or trying to get a date. It’s also for career advacements, expanding business networks and many more. However in any social situation there will be shared opinions that are hard to accept, whether their intentions are good or bad.