Reprint: R1301G
Some people are practically phobic about going to the bargaining table. If their minimum needs are met, they’ll sign on the dotted line just to end the stress of dealing with people who have different agendas and styles. But that can be an expensive aversion, the authors write. When you’re facing an important negotiation, rigorous preparation—running the numbers, scouting the marketplace, developing a plan B—is essential. But it’s only half the story. The truth is that your passions matter in real-life deal making and dispute resolution. You need to understand, channel, and learn from your emotions in order to adapt to the situation at hand and engage others successfully.
You need to acknowledge your concerns and recognize your hot buttons.
The authors studied 20 seasoned negotiators to explore their thoughts and feelings about the process. They invited their participants to find and combine pictures that metaphorically depicted those feelings and to describe in in-depth interviews the collages they’d created. Three reasons for the stressfulness of the negotiation experience emerged: lack of control, unpredictability, and the absence of feedback. This article includes a six-step warm-up exercise to help you prepare emotionally to negotiate effectively.
