With the holiday season now upon us, here are a couple of negotiation tips to help make sure your family relationships not only survive the stress this time of year can sometimes bring, but thrive and flourish. Most importantly, recognize that family negotiations...
With the ongoing debt-deal negotiation between President Obama and House Speaker Boehner providing us with an elucidating example of the offer-concession process (check out this handy chart quantifying both sides’ moves via the Washington Post), here are five tips to...
My first Negotiation Golden Rule is “Information is Power: So Get It!” This maxim was taken to a new and untoward level by computer hackers in the Coca-Cola Company’s failed attempt to buy the China Huiyuan Juice Group in 2008. According to The New York Times: As...
Over the weekend, a bailout was announced for Cyprus in which the euro zone and the International Monetary Fund agreed to give €10 billion to the Mediterranean island and, in exchange, Cyprus would raise €5.8 billion by imposing a tax on depositors in Cypriot banks....
New research from Professor Shirli Kopelman finds “first movers paradoxically feel less satisfied” with their results despite empirical evidence that, in price negotiations, making the first offer often leads to better results. To temper this unhappiness,...
The headline, People Do Business With People They Like, on Forbes.com recently reminded me that building rapport is also very important when negotiating. In his book, Influence: Science and Practice, psychologist Robert Cialdini calls this phenomena the Liking Rule...
One way we use to decide how to behave in a given situation is to observe how others are behaving. Put another way, we take the actions of those around us into account when determining our own actions. This is the Principle of Social Proof and it’s especially...
Chelsea, an English Premier League soccer team, has made two offers to competitor Manchester United to acquire the services of striker Wayne Rooney. The first was for about £20 million and the second for over £25 million. Manchester United rejected both. Chelsea has...
Yesterday, Treasury Secretary Jack Lew, in a letter sent to lawmakers, warned the federal government will run out of money to pay its bills on Oct. 17th at the latest. What is the impact of this impending deadline on the debt ceiling and government funding...
When evaluating whether to make the first offer in a negotiation, here are several factors that support doing so: 1) Your side traditionally makes the first offer; 2) You have sufficient information to determine an appropriate starting point; 3) It will substantially...
Here are some of our favorite blog posts (and a column) with good negotiation advice for the holiday season: Family Negotiations and the Holiday Season – Negotiation tips for avoiding family conflicts during the holidays; Black Friday and Social Proof –...
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,...
