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Business Negotiation Tips: Craft Your Success

BusinessDictionary.com defies negotiation as “bargaining (give and take) process between two or more parties (each with its own aims, needs, and viewpoints) seeking to discover a common ground and reach an agreement to settle a matter of mutual concern or resolve a conflict.” Effective negotiation techniques together with important business skills can be a rewarding combination that can help you attain desired outcome. 1.        Timing : Time is critically important to negotiation process, and negotiators can reach a mutually agreed conclusion before the deadline. Time can be used to create pressure on negotiators to reach an agreement and set the tempo of events. Some timing strategies include patience, surprise, and deadline. a) Patience - Prolonging the negotiation. It is one of the top negotiation tips or tricks employed by negotiating parties to discover more information about the other so as to have a better deal. b) Deadline – The idea is not to reach quick settlements, be