mediation theory and practice articles and resources for business owners, farmers, ranchers, and executives

Conflict Resolution Professionals!

Did you know there are over seven million privately owned companies in North America?

Connect with the universe of family owned companies who need your services as a professional who speaks their language!

Add your profile to our directory of professionals right now.



The Six Key Vulnerabilities In Negotiation
By James Delrojo
Negotiation is a mental and emotional game. Much of the result is dependent on the emotional strengths and vulnerabilities of the parties and, of course, their skills at capitalizing on these strengths and vulnerabilities.

I will discuss six key vulnerabilities to be aware of in negotiation.

Vulnerability Number 1: Fear

There is an old Chinese proverb that says that more sick people are killed by their own fear than are killed by the disease.

If a skilled negotiator smells fear in his opponent then he will quickly introduce tactics to capitalize on that fear.

There are all sorts of fears that weaken your position; fear of missing out, fear of messing up, fear of looking stupid and fear of being out negotiated are some of the more common fears that make you vulnerable to the skills of an experienced negotiator.

Vulnerability Number 2: Greed

Nothing leads to rash decisions faster than greed. Greed allows you to be manipulated and it is the greatest ally of conmen.

Most people have some degree of greed and it is important to be aware of this in yourself and manage it, and also be aware of it in your opponent and capitalize on it.

Any time that you are negotiating any form of investment, be particularly aware of influence of greed.

Vulnerability Number 3: Ignorance

If you don't know what you are doing then it is hard to do a good job.

There are two areas where ignorance can create weakness in negotiation.

The

Our articles continue...


first is lack of knowledge of negotiation techniques and strategies. The second is in poor pre-negotiation research.

Vulnerability Number 4: Time limits

I like to think of negotiators as either the sellers or buyers. Buyers are the people who need solutions and sellers are the people who are providing the solutions.

If a buyer has a strict and impending deadline and they are having trouble finding solutions then they are vulnerable to a seller with an appropriate solution.

On the other hand, if a seller has a time sensitive solution and the buyer has lots of options then the closer the deadline comes the greater the vulnerability of the seller.

Vulnerability Number 5: Strong need

If your need to make the deal is stronger than the other party's need to make the deal then you are in a vulnerable position, as soon as the other party becomes aware of this situation.

For this reason skilled negotiators develop the ability to disguise their true level of need.

Vulnerability Number 6: Ego

The moment that you start operating on ego then you have opened yourself to all manner of manipulation by a skilled negotiator.

A good salesman of luxury items uses his client's ego to help him inflate the price and sell things that the buyer neither needs nor wants.

Ego is too expensive to take to the negotiation table with you. Leave it outside.

Vulnerability in negotiation is something to protect yourself against and also something to capitalise on if it is the other party who is vulnerable. Look for the signs of vulnerability and become skilled at all the techniques that allow you to protect yourself from it and also to capitalise on it.

Article Directory: http://www.articlecube.com

James Delrojo would like to help you by giving you hisebook "Unleash the Success Power of Your Mind" (valued at $27) completely FREE. Go to www.YourSuccessMind.com




Here are some more mediation articles...

A Property Is Only Sold When The Buyer And The Seller Disagree On Its Value!
By James Delrojo
Whether you are buying a property or selling a property, if you understand how to capitalize on the "value disagreement" principle then you will be able to increase your profit Read more...
Seven Must Have Features Of Contract Management Software
By MSReview
Contract Management Software allows you to manage contracts, automate contract management and much more. However, the details involved within the varying contract management software solutions can Read more...
10 Keys To Guaranteed Success In Negotiations
By Paul Wilson
Negotiating is a skill that like warfare tactics must be honed. It is important to be mentally prepared to win. Do the ground work well before your reach the negotiating table and decide on the Read more...
Investing In China: Arbitrating Your Disputes
By David Carnes
Arbitration is the most popular commercial dispute resolution method in China. An arbitration agreement, whether before or after a dispute arises, is a necessary prerequisite to any form of Read more...
mediation theory and practice news:

































Ritter offers ideas for economic recovery
Money for roads and bridge projects, new natural gas pipelines and power transmission lines in Colorado would be the best investment to stimulate the state’s economy and create thousands of new jobs, Gov. Bill Ritter said Tuesday.
SEC names Hoerl regional director
Donald Hoerl will remain regional director of the Denver office of the Securities and Exchange Commission, but lose the “acting” part of his title.
Startups: 10 percent of state businesses
Startups accounted for nearly 10 percent of companies in Colorado in 2005, according to a first-ever look at business dynamics by the U.S. Census Bureau.
Anschutz-owned D.C. paper to close plant
The Washington Examiner, a free newspaper in the nation’s capital owned by Philip Anschutz’s Clarity Media Group, is closing its printing plant and will reduce staff by 101.
State in middle for fast Internet service
Coloradans are stuck squarely in the middle for speedy Internet service, according to an article published Tuesday on PCMag.com.
Local outlook good for IT, financial workers
Demand is expected to be strong in the first quarter for both IT and financial workers in Denver, according to separate survey results released Tuesday by Robert Half International.
Eleven named to Ritter’s small biz panel
Colorado Gov. Bill Ritter has appointed 11 new members to his advisory council on small business.
ProLogis closes $105.8M refinancing
ProLogis Inc. of Denver has closed on a $105.8 million refinancing of debt with a syndicate of four banks, the company said Monday. (PLD)
Colorado mortgage rates decline
Mortgage rates in Colorado declined during the past week, echoing a national trend sparked by the federal government’s decision to buy mortgage-backed securities.
Unemployment rate up across Colorado
Colorado shows an across-the-board increase in jobless rates as the number of people looking for work increased and those already employed dropped from September to October.