Why is Negotiation Strategy Important in Business Leadership?
Negotiation is a fundamental skill for leaders due to its direct impact on decision making, conflict resolution, and stakeholder management. Effective negotiation helps in:
1. Achieving better deals and terms. 2. Building and maintaining healthy relationships. 3. Enhancing a leader's credibility and influence. 4. Managing and mitigating risks. 5. Promoting collaborative problem-solving and innovation.