As we’ve discussed in previous articles about negotiation examples in business, a negotiator’s
beliefs concerning negotiation ethics are affected by cognitive biases. You
probably can recall times when a negotiating opponent made what appeared to be
a blatant misstatement. If you’re like most people, you assumed the person was
lying to gain an advantage. But what if she genuinely believed in the false
claim? It’s not easy to offer the benefit of the doubt, especially when the
stakes are high.
Gregory Management & Consulting Services Industry Blog.
Showing posts with label Negotiation Skills. Show all posts
Showing posts with label Negotiation Skills. Show all posts
Friday, May 15, 2015
Tuesday, April 28, 2015
Become a Master Negotiator: 7 Keys
HR managers negotiate every day. In today’s Advisor,
powerhouse negotiator Eldonna Lewis Fernandez, author of Think Like a
Negotiator, shares expert tips.
To help individuals maximize their bargaining prowess in
business and in life, Fernandez has identified 7 critical strategies for
emerging victorious in any negotiation.
Tuesday, March 10, 2015
Types of Power in Negotiation: Your negotiating power depends on both objective and subjective factors
Social psychologists have described different types of
power that exist in society, and negotiators can leverage these types of power
in negotiation as well.
Two types of power spring from objective features of the bargaining
process.
First, power is often defined as a lack of
dependence on others. This kind of power in negotiation corresponds to one’s BATNA,
or best alternative to a negotiated agreement. When an
individual has a strong BATNA going into a negotiation, she is less dependent
on the opposing party to reach her needs than she would be if she had a weak
alternative or no alternative at all.
Monday, March 9, 2015
Dealing with Difficult People: Lies, Lies, and More Lies: Beware these deceptive tactics in difficult negotiations
Are you facing a negotiator you don’t think you can
trust? Here are five common types of deception you may come
across when dealing with difficult people in a negotiation
situation, according to Richard Shell:
Wednesday, March 4, 2015
10 Hardball Tactics in Negotiation: The best negotiation tactics of hard bargainers can catch you off guard
Don’t be caught unprepared by hard
bargainers, warn Robert Mnookin, Scott Peppet, and Andrew
Tulumello in their book Beyond Winning. Here is their Top 10 list of
hardball tactics in negotiation to watch out for:
1. Extreme demands
followed up by small, slow concessions.
Don’t let a strong demand “anchor” your expectations. Be
clear going in about your own demands, alternatives, and the bottom line – and
don’t be rattled by an aggressive opponent.
Wednesday, February 18, 2015
Getting to Yes with Yourself: A Book Talk by William Ury (Our biggest adversaries in negotiations are often ourselves.)
Bill Ury is arguably one of the most influential and
brilliant international negotiators of our time. He is one of the founding professors at
Harvard Law School’s Executive Program on Negotiation and a contributor in the Middle
East Peace / Camp David Accords with Menachem Begin, Jimmy Carter, Anwar El
Sadat in 1978.
I am extremely privileged and eternally blessed to have attended
his lectures and programs at Harvard Law School’s Executive Program on Negotiation
and credit much of my own personal and business success to and through the
adoption of his principles and techniques.
Through the application of basic principles like: “Go to the balcony,” “Cross the bridge” and determining the
difference between “Positions” and “Interests”, I have helped myself and countless
others to reach agreements in tough labor negotiations, day to day business operations
and in mediating disputes in the workplace.
The following is a 45 minute YouTube video of his most
recent lecture on his book, Getting to
Yes with Yourself. Most of my
negotiating clients are experienced labor attorneys or full time commercial building
contractors; many truly believe that they are excellent negotiators because they
know labor law and or have been to the table a few times. While time at the table is a valuable experience
that cannot be taught, nothing can ever replace the core values, beliefs, tools
and systems learned through an internationally recognized academic program, such
as Harvard Law School’s Executive Program on Negotiation.
Through my time and experiences attending programs at institutions
like Harvard Law School’s Executive Program on Negotiation and Cornell
University’s ILR School, I have grown as a negotiator, as a leader, as a
mediator and facilitator, as a spouse, partner and friend. Take 45 minutes out
of your day today and expose yourself to some of the core techniques utilized
by many successful negotiators. Whether
your organization is approaching an upcoming tough round of labor negotiations,
you are dealing with interpersonal disputes in your office or you and your
spouse are merely considering your next decision, I promise you that this will
be the best 45 minutes that you can spend learning about yourself and how you
can help yourself to be a better contributor to a successful outcome for all.
Saturday, December 13, 2014
Negotiation Skills: Should Put Off What You Could Negotiate Today
Adapted from, “Should you put off what you could
negotiate today?” first published in the Negotiation newsletter, June 2012.
Saturday, November 29, 2014
Difficult Negotiation Going Nowhere? Consider an Apology
Adapted from “Stuck on the road to nowhere? Consider an
apology,” first published in the August 2011 issue of Negotiation.
Tuesday, November 25, 2014
Fighting For Your Livelihood
From brokering a deal to negotiating a sale, there are
many disputes that happen at work. Among the most challenging are those
involving employers and employees. That’s the case with Binder Kadeer: Consultation in
the Company, a negotiation exercise brought to you by the
Program on Negotiation’s
Teaching Resource Center (TNRC).
Monday, November 24, 2014
Conflict Resolution: Negotiating Noncompete Agreements
Adapted from “Negotiating Noncompete Agreements,” first
published in the May 2011 issue of Negotiation.
Wednesday, November 19, 2014
Mediation: Sitting Down at the Table
Adapted from “Sitting Down at the Table,” first published
in the May 2011 issue of Negotiation.
My team has a big negotiation with a potential supplier
coming up, and we’ve decided to meet at our office. What are best practices for
arranging the physical space to facilitate a productive negotiation? On one hand,
we are the customer; on the other hand, they are the “bigger fish.”
Wednesday, November 5, 2014
After Job Dealmaking Advice, A Retraction from Microsoft CEO Satya Nadella
Microsoft CEO Satya Nadella found himself in the hot seat
in October after telling women attending the Grace-Hopper Celebration of Women
in Computing that the best way to effectively negotiate for a raise is not to
ask for one at all.
Wednesday, October 29, 2014
Dealing with Difficult People: Comcast and Its Critics
In our lives as business negotiators, there inevitably will be
times when we feel angry, frustrated, and mistreated.
Tuesday, October 28, 2014
In Business Negotiation, Beware Overbidding: Lessons from Facebook
Facebook’s $19.6 billion acquisition of text-messaging
start-up WhatsApp seemed exorbitant when it was negotiated back in February.
But as it turns out, the final price tag on the fifth-largest technology deal
ever turned out to be even higher.
Wednesday, October 22, 2014
Negotiation Skills: At Pimco, a Successful Threat and an Uncertain Payoff
In business negotiations, threats can be fraught with
risk. There is the risk that a threat will escalate conflict. There is the risk
that a threat will motivate a desire for revenge. And then there is the risk
that your threat will work perfectly, but you’ll be unprepared for the
aftermath.
Tuesday, October 21, 2014
Fear of the Domino Effect in International Negotiation
“Give them an inch, and they’ll take a mile.”
Unfortunately, that’s the attitude with which many people approach negotiation.
Convinced that their counterparts will take advantage of any concessions
and compromise they make, they refuse to make any at all.
As a result, negotiations end up stalemated, and
inefficient practices continue.
Saturday, October 18, 2014
BATNA: Negotiators – How you Can Avoid Striking Out (And Create Mutual Gains) in Your Next Business Negotiation
Recent labor strikes highlight common conflict-resolution
pitfalls.
The latter half of 2012 has seen a slew of labor strikes
in the United States.
Wednesday, October 15, 2014
In the NFL, Roger Goodell’s Dealmaking for Mutual Gains
Because an agent’s incentives are rarely, if ever,
perfectly aligned with those of her principal (principal-agent theory), many
business negotiators have been burned by agents who put their own interests
first. Agents in many fields, for example, have a motivation to close deals
quickly – rather than for the best price – and earn quick commissions.
Tuesday, October 14, 2014
Uncovering Bias and Generating Mutual Gains: Google, Women, and Negotiation
The persistence of the so-called “glass ceiling” and
salary gap between men and women is often chalked up to the fact that men
historically have been more assertive about negotiating for higher salaries,
promotions, and other contributors to career success. The fear that they will
be viewed as unlikeable and consequently discriminated against for negotiating
on their own behalf is one reason women have avoided negotiating for their own
advancement.
Some companies are recognizing their role in this state
of affairs. In a September New York Times article, Farhad Manjoo describes the
initiatives that Google is undertaking to improve the representation and
advancement of women within the company. At Google, 70% of employees are male,
and 83% of the company’s engineers and 79% of its managers are men. In 2013,
Google disclosed that only three of its 36 top managers were women.
Thursday, October 9, 2014
Dealing with Difficult People: Tackle Tough Issues Together
Adapted from “Negotiators: How You Can Avoid Striking
Out,” first published in the December 2012 issue of Negotiation.
When a difficult negotiation such as a labor contract
renegotiation looms, it can be tempting for each side to try to make unilateral
decisions on certain issues because of the belief that negotiation with the
other side will be a dead end. This strategy may pay off in the short term, but
it’s important to factor in the long-term costs.
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