In a previous blog, we identified the top ten characteristics of competitive negotiators. As a follow-up, here are three negotiation strategies to implement when your counterpart fits the profile of a competitive, hard-nosed, adversarial, ego driven, risk-taking, overtly controlling and always out to “win” negotiator.
1. Ask and Listen
Competitors love to talk and persuade. Let them. In fact, encourage them and implement active listening techniques to acquire as much strategic information from them as you can before you start negotiating.
2. Stick to Your Principles
Because competitors appreciate strength, standing firm will gain their respect. Don’t allow them to steamroll you. If you do, they’ll come at you again and again. Instead, require a reasonable rationale before moving and insist on reciprocity.
3. Point Out Your Leverage
Competitors aren’t afraid to talk directly about leverage. If you have it, point it out matter-of-factly as you discuss both sides’ needs and alternatives.