Pages

Monday, July 15, 2013

Basics In Negoiatation

Hello to all, First I would like to thank those that have been keeping up with me and my journey in the music industry. I have learned a so much since my enrollment in Full Sail University. Currently I am taking a class that is all about negotiation and getting people to say yes. There are so many components and tactics to negotiation it is too much to explain in one post but I what to give you some information on key factors. The major topics that I have been learning are:
·     
           Separating the people from the problem- Separating the people from the problem means separating relationship issues (or "people problems") from substantive issues, and dealing with them independently.

·       Positional bargaining- Positional bargaining is a negotiation strategy that involves holding on to a fixed idea, or position, of what you want and arguing for it and it alone, regardless of any underlying interests. The classic example of positional bargaining is the haggling that takes place between proprietor and customer over the price of an item.

·       Objective criteria- Objective criteria are factual pieces of information, independent of the parties in the negotiation, that are relevant to what should or should not be agreed to in that negotiation.

Mutual benefit- A deal that provides simultaneously advantages to all negotiating parties have a reason to walk away from the deal satisfied with the same aspect of the deal

BATNA- Best Alternative To a Negotiated Agreement

·       Handling Dirty Tricks- Is when Parties may engage in deliberate deception about the facts, their authority, or their intentions

Learning how to incorporate or when not to incorporate the above references have come to help me strategize better then before. I have been watching you tube/podcast about negotiation and I came across one that really peaked my interest. A video on TED Talks by William Ury, author of "Getting to Yes", the video explained that there are 3 sides to a story and the value and position of the third side. The third side can keep an argument on track or be the antidote to a solution. This played such a big role in the way I now view negotiation because prior to this I looked at it as a two way street. Never once did I consider the surrounding community and how that plays a role. This was just week one in the class, in which I have already seen negotiation in a new perspective so I know that there is so much more greatness to come. I have provided some links to other video I found about negotiation that I hope you all take the time to view. I encourage you all to continue to educate yourselves in all areas that you need to be successful in your field. My field is music so I know negotiating things like publishing, beats sales, distribution deal etc will be something I have to be readily armed for. Hope you all enjoyed until next time peace and love.




 Additional source: