Use trade-offs in negotiations

Description

This Skill Bit shows that mastering the art of trade-offs in negotiations involves strategically navigating towards mutual goals while understanding and respecting both parties’ priorities. By making informed decisions, being flexible yet strategic with concessions, and fostering effective communication, negotiators can create mutually beneficial agreements. This process requires a careful balance between giving and receiving, emphasizing the creation of value for both parties through innovative and flexible solutions.

Duration approx. 4 Min.

Tier: proficiency