What Is Bargaining Power?

The ability to strategically negotiate with other companies drastically impacts the success of your business, both in closing individual deals and sustaining long-term business relationships. One of the most crucial elements of a successful negotiation is bargaining power. Accurately recognizing your bargaining power and the bargaining power of your negotiation partner and properly implementing it […]

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Negotiation Tactics: Essential Skills and Knowledge

Different negotiation tactics achieve different results and should be used in different situations and should be responded to accordingly. As a result, your team needs to understand the difference between these negotiation tactics to maximize their negotiation success. Compared to reactive negotiation, based on instinctively responding to others’ behavior, strategic negotiation forms a proactive approach

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Rules of Negotiation, Their Approach, & Their Psychology

Whether you recognize it or not, you conduct negotiations every day. Despite how fundamental negotiation is to achieving our goals, the ability to negotiate successfully is not innate. Becoming a master negotiator involves understanding the primary approaches to negotiation, uncovering the psychological basis behind successful negotiations, and developing an effective negotiation style. These skills become

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The Main Methods of Negotiation Through the 3 Ps

With negotiations occurring constantly in our everyday lives, your professional success significantly depends on becoming familiar with the methods of negotiation, also called the essential components of negotiation. These methods are not simply tips but serve as all-encompassing practical guidelines to ensure your deals result in the absolute best possible outcomes for your business. As

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How to Negotiate Deals: 12 Tips

In the twelve months that have passed since the global COVID-19 pandemic reached the United States, businesses in every industry have undergone the kind of radical changes that would normally take several years. With social distancing guidelines still impacting consumers around the country, businesses have been forced to transfer many of their previously in-person services

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Training Trends Through 2020 and Beyond

In today’s constantly evolving business environment, one fact will always be true – negotiations are the foundation of any successful business relationship. As more business activities continue to move online due to the ongoing global COVID-19 pandemic, business leaders of every industry must stay up to date with training trends to equip their teams with

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How Conflict Resolution and Negotiation Strategies Work Together

On its own, conflict is a relatively easy term to define—usually as a disagreement or argument based on a perceived difference, incompatibility, or violation of a shared agreement. Although not all individuals will define the word using this precise terminology, the concept of conflict is generally widely accepted. However, other factors associated with conflict are

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Improve Your Closing Percentage With These Eight Closing Strategies

Sales techniques seem to be a dime a dozen in the digital age. If you look hard enough, there is a technique described online for every niche—and when you couple them with an excellent product or an effective service, you can garner a client’s attention and interest in your business quite effectively. However, even the

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