What are the determinants of effective negotiation?

First and foremost is the proper and effective communication resulting in an agreement of both parties. Then, good listening. Although we have our own thoughts or ideas please let other parties give and explain their own and respect what other has to say. Next, You need to know your financial and ethical boundaries. Before a meeting, prepare a detailed plan of action. Set your limits, but remember to give yourself room for bargaining. Negotiations are all about the balance of power so be prepared before you begin.