Negotiation strategies are techniques used to reach an agreement between two or more parties. Common strategies include collaboration, where all parties work together to find a win-win solution, and compromise, where each side makes concessions to achieve a mutually acceptable outcome. Understanding the interests and needs of all parties is crucial for effective negotiation.
Another important strategy is active listening, which involves paying close attention to what others are saying to better understand their perspectives. Additionally, BATNA (Best Alternative to a Negotiated Agreement) helps negotiators identify their best options if an agreement cannot be reached, providing leverage during discussions.