84 Posts Found

How does our relationship, as we develop it through the negotiation process, impact the post-negotiation outcomes that we really get?

We’re thinking about drawing a very crisp distinction between some transactions. Imagine that I’m buying a used car from you. We reach a deal, shake hands, sign the paperwork, and I drive off with my used car. I never see you again.

That type of transaction characterizes … [ Read more ]

Content: Quotation | Author: Maurice Schweitzer | Source: Knowledge@Wharton | Subject: Negotiation

Even zero-sum negotiations can turn into a win-win.

Content: Article | Author: Alena Komaromi | Source: INSEAD Knowledge | Subject: Negotiation

I’ve been doing a lot of negotiating these days, and I keep noticing mistakes people make. Their most common mistake is focusing on what they want when they should be devoting their attention to learning what the other side wants, and how badly. If you can do that without showing your hand, you wind up controlling the process. You can craft a deal that satisfies … [ Read more ]

Content: Quotation | Author: Norm Brodsky | Source: Inc. Magazine | Subject: Negotiation

Individuality matters in negotiation, research conducted at an annual national twins festival suggests.

Historically, negotiators have been seen as economically rational individuals acting in ways meant simply to maximize their outcomes, but the new research challenges this view.

“No matter how good you are at negotiating, there are some opponents you will have an easy time with and some with you you’ll have a lousy time.”

Content: Article | Authors: Brandie Jefferson, Hillary Anger Elfenbein | Source: Futurity.org | Subject: Negotiation

To maximize their success at the bargaining table, negotiators should maximize their power.

Content: Article | Authors: Adam Galinsky, Joe Magee, Michael Schaerer | Source: INSEAD Knowledge | Subject: Negotiation

We all have to negotiate in life, whether it’s asking for a bigger raise, nailing down details of a contract or even getting your kids to do their homework. But how does one become a good negotiator? Attorney and negotiating strategist Corey Kupfer shares the tips in his book, Authentic Negotiating: Clarity, Detachment, & Equilibrium — The Three Keys to True Negotiating Success & How … [ Read more ]

Content: Article | Author: Corey Kupfer | Source: Knowledge@Wharton | Subject: Negotiation

When the pressure is on, you don’t rise to the occasion, you fall to your highest level of preparation. So design an ambitious but legitimate goal and then game out the labels, calibrated questions, and responses you’ll use to get there. That way, once you’re at the bargaining table, you won’t have to wing it.

Content: Quotation | Author: Chris Voss | Source: ChangeThis | Subject: Negotiation

Who has control in a conversation, the guy listening or the guy talking? The listener, of course. That’s because the talker is revealing information while the listener, if he’s trained well, is directing the conversation toward his own goals. He’s harnessing the talker’s energy for his own ends. […] The art of putting listener’s judo into practice involves remembering four things:

1. Don’t try to force

… [ Read more ]

Content: Quotation | Author: Chris Voss | Source: ChangeThis | Subject: Negotiation

It’s critical to break the habit of attempting to get people to say “yes”. Being pushed for a “yes” makes people defensive. Our love of hearing “yes” makes us blind to the defensiveness we ourselves feel when someone is pushing us to say it. Though “yes” is the final goal of a negotiation, don’t aim for it at the start.

“No” is not a failure. … [ Read more ]

Content: Quotation | Author: Chris Voss | Source: ChangeThis | Subject: Negotiation

Experience has taught great negotiators that they are best served by holding multiple hypotheses—about the situation, about the counterpart’s wants, about a whole array of variables—in their mind at the same time. Present and alert in the moment, they will use all the new information that comes their way to test and winnow true hypotheses from false ones.

In negotiation, each new psychological insight or additional … [ Read more ]

Content: Quotation | Author: Chris Voss | Source: ChangeThis | Subject: Negotiation

Don’t treat someone the way you want to be treated—treat them the way they need to be treated based on what’s driving them. How they got to the moment in time where they are across the table from you, and what drove them there, is different than how you got there. What happened to them the night before they encountered you is different than what … [ Read more ]

Content: Quotation | Author: Chris Voss | Source: ChangeThis | Subject: Negotiation

Erase everything you’ve been taught about negotiation. You are not rational; there is no such thing as ‘fair’; compromise is the worst thing you can do; the real art of negotiation lies in mastering the intricacies of No, not Yes. I guarantee if you erase everything you think you know about negotiation and apply these methods in your next conversation, you’ll walk away surprised at … [ Read more ]

Content: Article | Author: Chris Voss | Source: ChangeThis | Subject: Negotiation

Every relationship of two or more people is based on shared objectives. They needn’t agree on how to bring it about and may not both take action to effect the change. Cooperative relationships are those where both parties agree on how to share the benefits and costs of creating change. Competitive relationships, by contrast, are those in which you don’t agree on how to allocate … [ Read more ]

Content: Quotation | Author: Derek Lidow | Source: strategy+business | Subjects: Leadership, Management, Negotiation, Organizational Behavior

Most negotiation training focuses on what happens before and during the talks. Michael Wheeler’s new app helps users improve their skills after the deal is completed.

Content: Article | Authors: Michael Blanding, Michael Wheeler | Source: Harvard Business School (HBS) Working Knowledge | Subject: Negotiation

In cross-cultural negotiations, be aware of cultural differences but don’t feel you have to adapt your behavior.

Content: Article | Author: Horacio Falcao | Source: INSEAD Knowledge | Subjects: International, Negotiation

The first thing to decide before you walk into any negotiation is what to do if the other fellow says no.

Content: Quotation | Subject: Negotiation

Years ago I read a Fortune magazine article where [Hong Kong tycoon] Li Ka-shing was quoted as advising his sons in the following fashion: When you enter into a partnership with somebody and you expect to make a dollar and your partner expects to make a dollar, too, then when the deal is over, why don’t you just take 80 cents? And if you take … [ Read more ]

Content: Quotation | Source: Outlook Journal (Accenture) | Subjects: Management, Negotiation, Strategy

It sounds fine on the face of it, but not everyone will get what they want and this is more likely to happen to you if you fail to spot the traps.

Content: Article | Author: Horacio Falcao | Source: INSEAD Knowledge | Subject: Negotiation

We consistently find that people are more likely to agree with the statement, “I get the best outcome when we both behave cooperatively” than they are with “I get my best outcome when I behave competitively and they behave cooperatively.” But we still have about 15% who say that they get the best outcome when they exploit the other person’s cooperation unilaterally, and those 15% … [ Read more ]

Content: Quotation | Author: Nir Halevy | Source: Stanford University | Subjects: Negotiation, Organizational Behavior

Key linguistic cues can help reveal dishonesty during business negotiations, whether it’s a flat-out lie or a deliberate omission of key information, according to research by Lyn M. Van Swol, Michael T. Braun, and Deepak Malhotra.

Content: Article | Author: Carmen Nobel | Source: Harvard Business School (HBS) Working Knowledge | Subjects: Negotiation, Organizational Behavior