How to Make the Most of a Good Faith Negotiation

In a good faith negotiation, hope is high and relationships are great! 

What’s wrong with that? Hope is not a strategy.  

Keep reading to learn how to keep yourself from getting blindsided and losing when you find yourself in the throes of a good faith negotiation.

Remember: No One Is a Mind Reader

Based on the circumstances, you have reason to believe that the motives of the other side are honorable. You know they desire a long-term relationship in which you both prosper. You feel they mean what they say. 

As a result, it’s likely that the interaction is rife with assumptions, and people are acting as if their counterparts are mind readers. (They may be acting as if the members of their own internal team are mind readers as well.)

This will lead to both sides dropping their guard in terms of implementation. There will also be lack of follow-up by both sides internally in keeping their own team on track.

Hope is not a strategy. 

Forbidding the Use of the Word ‘Hope’ 

Interestingly enough, there are some businesses that actually forbid the use of the word “hope” because removing it causes them to focus on planning and implementation.

How can you deal with this without “forbidding hope”? Summarize frequently (with everyone) and anticipate land mines with Calibrated Questions™.

Remember, vision drives action. 

Calibrated Questions reveal and shape vision. If you want to shape your counterpart’s action, first shape their vision.

Beware the Deal Killers  

One of The Black Swan Group’s Laws of Negotiation Gravity™ is this: There is always a team on the other side.  

Deal killers are often the biggest impediment to implementation. As discussed in the past, the deal killer will be one of two types. 

Type 1: The sidelined negotiator  

This is someone who feels they should have been handling the negotiations in the first place. Internal counsel (i.e., lawyers) they may have on their payroll often fit this description.  That’s frequently why the “terms and conditions” phase is so difficult to get through—and such a great destroyer of profitability.  

Type 2: The users and implementers 

These are the people who will either be using the services and products secured by the negotiation or will be responsible for implementing the deal.   

You will likely not have direct access to the deal killer. But repeatedly (and “innocently”) asking your point of contact these Calibrated Questions in a gentle fashion will cause them to loop the deal killer in.

Calibrated Questions focused on implementation create vision for the deal killer.  All of a sudden, they now see themselves as part of the process.

How do you light the implementation fire—and keep it lit? 

Remind everyone of the risks and costs of comfortable inaction. There is a great quote from John F. Kennedy: There are risks and costs to a program of action. But they are far less than the long-range risks and costs of comfortable inaction.

Calibrated Questions Focused on the Costs of Inaction

So how do we get the other side to think about inaction? These Calibrated Questions should get them thinking in the right direction:

• What is lost if we don’t get this done?

• What happens if we don’t meet the timeline?

• What happens if we do nothing?
• What happens if we fail?

To sum it all up: Vision drives action. 

Calibrated Questions reveal and shape vision. If you want to shape their action, shape their vision.

The Black Swan Group wants you to succeed!

Check out our free guide, Three Negotiator Types, to learn more about the person who’ll be sitting across the table from you next time.