This good short negotiation video on Vimeo is produced at the University of North Carolina and depicts an automobile sale negotiation.
It depicts some adversarial tactics suited for zero sum negotiation about price.
For example, walking away from the table, keeping the other party waiting, adding a new demand late in negotiation, asking the other party's bottom line: "How much are you willing to pay?" And use of a team with a "Good cop, bad cop" (sales person "checks with manager").
Negotiation, mediation, arbitration, and other processes of dispute resolution.
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Showing posts with label zero-sum. Show all posts
Showing posts with label zero-sum. Show all posts
Thursday, July 19, 2018
Tuesday, June 17, 2014
Zero-sum Negotiation vs. "Value Can be Created"
Victorian Pynchon well states fundamental points when she writes "The key is not technique but general negotiation principles (such as, ‘value can be created,’ or ‘it is important to understand how parties’ interests interrelate’)....The first step to a successful mutual-benefit negotiation style is to stop thinking about give and take as a zero-sum game. "
Thursday, April 3, 2014
Getting to Yes Sooner, Cheaper, and Better
Getting to Yes Sooner, Cheaper, and Better
is the title of an article by Missouri Law Professor John Lande, who interviewed well respected litigators about how they prepare for trial and for negotiation.
"They recommend taking charge of their cases from the outset,
which includes getting a clear understanding of clients and their interests,
developing good relationships with counterpart lawyers, carefully investigating
the cases, making strategic decisions about timing, and enlisting mediators and
courts when needed. The lawyers overwhelmingly suggested starting negotiation
at the earliest appropriate time. Reaching agreement sooner generally produces
the benefit of reduced litigation costs as well as reduced time that parties
invest in litigation. Lawyers produce better agreements when they focus on both
sides’ interests because this enables them to create value, even in supposedly
zero-sum negotiations."
I like the vocabulary Professor John Lande uses: focus on both sides' interests, create value, zero-sum. It really captures well what matters in negotiation.
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