Quick Answer: What Is A Win/Win Outcome Give An Example?

What is a win/win negotiation with a example?

A win-lose attitude means a competitive approach to the purchasing negotiation process.

An example is when a purchaser wants the lowest possible price even when a seller will lose money.

Conversely a seller wants to drive the price up because he is looking to maximise his profit..

What is the best negotiation strategy?

Here are some simple tips.Listen more than you talk.Use timing to your advantage.Always find the right way to frame the negotiation.Always get when you give.Always be willing to walk.

What are the characteristics of successful negotiation?

What the experts saypreparation and planning skill.knowledge of the subject matter being negotiated.ability to think clearly and rapidly under pressure and uncertainty.ability to express thoughts verbally.listening skill.judgment and general intelligence.integrity.ability to persuade others.More items…•

What is an example of a win/win situation?

The definition of win-win is a situation or outcome where everyone comes away happy. An example of win-win is when you like the chips and your wife likes the pickle so she trades you her chips for your pickle. Of or being a situation in which the outcome benefits each of two often opposing groups.

What is a win/win approach?

Win-Win (Collaborating) Also known as confronting the problem or problem solving. … The win-win approach sees conflict resolution as an opportunity to come to a mutually beneficial result. It includes identifying your opponent’s underlying concerns and finding an alternative which meets each party’s concerns.

How do you negotiate and win?

Based on psychological research, here are some negotiation tips that will help you to get what you want.Focus on the first 5 minutes. … Start higher than what you’d feel satisfied with. … You should make your arguments first. … Show that you’re passionate. … Drink coffee. … Convince the other party that time is running out.More items…•

Which negotiation strategies are most successful?

Six Successful Strategies for NegotiationThe negotiating process is continual, not an individual event. … Think positive. … Prepare. … Think about the best & worst outcome before the negotiations begin. … Be articulate & build value. … Give & Take.

What are the advantages of Win Win Situation?

With win-win situations everybody gets away smiling; willing and committed to proceed with the deal. It portrays willingness to give and take, not a take and take approach that sometimes we want to use in business.

What are the four steps of the Win Win process?

The Win/Win process has four steps.See the problem from the other point of view, in terms of the needs and concerns of the other party.Identify the key issues and concerns (not positions) involved.Determine what results would make a fully acceptable solution.Identify new options to achieve those results.

What is another word for Win Win?

Win-win Synonyms – WordHippo Thesaurus….What is another word for win-win?gainfullucrativeprofitablemoneymakingpayingproductiveremunerativerewardingadvantageousbeneficial185 more rows

How do you use Win Win in a sentence?

Examples of ‘win-win’ in a sentence win-winSo it’s a win-win situation. … The positive spin is a win-win situation. … This is often called a “win-win solution. … The deal is a win-win one for both sides. … That would surely be a win-win situation for all. … Both parties should be working on finding win-win solutions.More items…

What is a win lose outcome?

Win-lose situations result when only one side perceives the outcome as positive. Thus, win-lose outcomes are less likely to be accepted voluntarily.

What are the three negotiation strategies?

There are 3 key approaches to negotiations: hard, soft and principled negotiation. Many experts consider the third option — principled negotiation — to be best practice: The hard approach involves contending by using extremely competitive bargaining.

Which type of negotiation is a win win?

Win-win negotiations are those negotiations in which each party walks away from the bargaining table having achieved its goals within the confines of an integrative, or value-creating, bargaining process rather than through a haggling, or distributive, bargaining process.

How do you get a win win outcome?

A win-win negotiation is a careful exploration of both your own position, and that of your opposite number, in order to find a mutually acceptable outcome that gives you both as much of what you want as possible. If you both walk away happy with what you’ve gained from the deal, then that’s a win-win!