Negotiation Prep Worksheet RES
Negotiation Prep Worksheet RES
Negotiation Prep Worksheet RES
Short-term goals
❏ Personal
❏ Financial
❏ Health
❏ Hobbies
❏ Self Improvement
❏ Material
❏ Philanthropic
❏ Political
❏ Just fun
Long-term goals
❏ Personal
❏ Financial
❏ Health
❏ Hobbies
❏ Self Improvement
❏ Material
❏ Philanthropic
❏ Political
❏ Just fun
Factor in fairness
DO YOUR HOMEWORK
❏ Number of issues.
❏ Number of parties.
❏ Nature of your relationship.
❏ Will the contract be binding?
❏ Costs and benefits of delay.
❏ Is there “linkage”? (Will the outcome affect negotiations with others?) If
so, who will be affected and how?
❏ Will the process and/or outcome be public or private?
❏ Behavioral norms for negotiation in this situation.
❏ Are there precedents for what you’re asking?
❏ Websites
❏ Trade publications
❏ Business press
❏ Professional associations
❏ Mentors
❏ Supervisor or manager
❏ Networks
❏ Colleagues
❏ Friends
Approach
Mode of communication
❏ Face to face
❏ Telephone
❏ Email
❏ Letter
Timing
Location
Opening
❏ Decide on a first offer that anchors the negotiation above your target.
❏ Choose counter offers that will position your target halfway between
each of their offers and yours.
❏ Plan to concede less in each round, and to use the amount you
concede on each round to influence their perception of your
reservation value.
❏ Develop phrases to put the ball back in the other court.
❏ Identify a proposal from the other side that’s close enough to your
target to offer to split the difference.
Win / Win
Style
GET READY
Roleplay
❏ Choose a partner.
❏ Schedule a time.
❏ Find a room.
❏ Rehearse and repeat.
❏ Figure out what will put you in an upbeat, positive mood
❏ beforehand.
❏ Choose incentives to reward yourself with after it’s over.