Does the word "negotiation" make your blood pressure rise? Whether you're negotiating the biggest deal of your life or where to go for lunch, much of life is negotiation. And, as in a game of chess, the negotiator with the best strategy usually wins. One careless move and the game is lost.

"Even when faced with the most daunting of deals, regarding the act of negotiation as a 'game' may alleviate the apprehension and give you the confidence to make power plays that will ultimately facilitate your desired result," says contract-negotiation expert Eldonna Lewis-Fernandez. Here, from her book Think Like a Negotiator, are the 7 most common negotiating mistakes:

1.     A lack of confidence. Some negotiators believe being loud and brazen will win the day. But generally speaking, tenacity and preparedness are the best approach for finding common ground with an opponent, anticipating his objections and discovering his motivations. Being confident also means showing your humanity, which will put him at ease.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.