Thursday, October 17, 2019

Negotiating in a three-dimensional world Essay Example | Topics and Well Written Essays - 750 words

Negotiating in a three-dimensional world - Essay Example Haggling is one of the most common types of negotiation in everyday business transactions. The aim of negotiation is mainly to establish a middle-ground with which either party is comfortable and contented. For a long time, people have always seen negotiation as a social theory that requires only skills and tactics during the round table meeting. However, modern day negotiators are using the revolutionary process of negotiation referred to as the 3-dimensional negotiation. This paper seeks to explain the elements of three dimensional negotiations as explained by Lax and Sebenius (2006). According to lax and Sebenius (2006), negotiation is not effective if given the usual one dimension style. They argue that traditionally, negotiations entailed the use of tactics to either gain the advantage under the topic of conflict or have such benefit distributed among the concerned parties. The usual one dimensional approach to negotiations sought either a win-win result or a win-lose outcome. H owever, practically speaking, such outcomes could only create more conflict where the parties to the clash were more than two. Lax and Sebenius (2006) explain that one-dimensional approaches only stimulate more conflict and yield unsatisfactory deals. Much like a gambling game, one-dimensional techniques are not appropriate where the other party is the holder of all the cards. It is for this reason that the two scholars came up with the three dimensional approach. The three dimensional system is a method of handling negotiations from three perspectives. According to the consultants, the three aspects of this approach are, The Tactics Dimension, The Deal Design Dimension and the Set up Dimension. In addition to these dimensions, Lax and Sebenius (2006) explained a final aspect referred to as the three dimensional audit. The three aspects of the strategy are designed in such a way that they cover the period before the negotiations, during the actual discussion and after the deal are s ealed. The set up dimension takes place away from the negotiation grounds. The side concerns itself with the parties to conflict and the subject matter of the conflict. In evaluating this dimension, the planner or the negotiator focuses on the actual parties involved in the conflict as well as the potential participants. In addressing the issue of the parties expected to attend the negotiation proceedings, the negotiator finds information on which to rely when planning the tactics. The set-up dimension is as well concerned with the subject matter of the negotiator. The negotiator seeks to establish ways in which the subject matter can be useful to them and how valuable they can be to the other party. The essence of this aspect then can be said to be the evaluation of the pie to be shared. Being a preliminary stage, the set-up section concerns itself with estimating the possible outcomes and expected maximum costs. Lax and Sebenius (2006) argue that, in every negotiation procedure, t here are unavoidable costs. Either party should make a provision for such costs prior to the actual negotiation process. Among the essential preliminary steps are the arrangements to hold private consultations with the key parties to the actual negotiations. This may involve the process of identifying the correct sequence of events, as well as, the hierarchy to be observed. Lax and Sebenius (2006) summarized this aspect as the process that concerns itself w

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