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The Nuances of Negotiation

The Packaging and Processing Women’s Leadership Network delves into some tips for mastering mediation during its Learning Circle series.

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As part of the Packaging and Processing Women’s Leadership Network’s ongoing Learning Circle series, Stephanie Neil, former Editor-in-Chief of OEM Magazine, Angela Hall, associate professor, Michigan State University, and Joyce Longfield, principal of HPP applications, Good Foods Group, discussed the nuances of negotiation. Here is a brief excerpt from their discussion. To watch the full Learning Circle, visit pmmi.org/womens-leadership-network/videos. 

Stephanie Neil:

Negotiation is an important part of career development, but it doesn't come naturally to many people. Is it a skill that can be learned? 

Angela Hall:

You can develop your negotiation skills. What is important is that when you learn or try to develop these negotiation skills, you focus on a few things. One of them is to focus on what your own strengths are. What do you bring to the negotiation?

There's something called the best alternative to a negotiated agreement. That means, “What's your plan B if this negotiation does not work out?” You need to know where to go and what you want to get from a negotiation. You need to know the point at which you will walk away or the point at which you say, "This is not going to work." You need to come in with your aspiration point. And your aspiration point is what you would dream about getting.

Stephanie Neil:

Joyce, I would imagine you've had to negotiate a number of contracts. How did you learn? 

Joyce Longfield:

I think it was two things. I did have two male mentors, which was a significant help. Especially because we were selling equipment, and sales is kind of like a negotiation. The other piece of it, too, is I was 33 when I started, and so old enough and mature enough to be more confident and comfortable in myself.