Home     Site Map     Business Coach     Venture Financing     Innovation Management     Technology Transfer     Slide Shows

 

Business Coach

Negotiation Tips

Truman's Law: If you cannot convince them, confuse them.

Bargaining Tips

by Benjamin Franklin

  1. Be clear, in your own mind, about exactly what you're after.

  2. Do your homework, so that you are fully prepared to discuss every aspect and respond to every question and comment.

  3. Be persistent. Don't expect to "win" the first time. Your first job is just to start the other person thinking.

  4. Make friends with the person with whom you are bargaining. Put your bargain in terms of his or her needs, advantages, and benefits.

  5. Keep your sense of humor.

 

Getting to Yes: Negotiating Agreement Without Giving In

by Fisher, R., and Ury, W.

1.    Separate the Relationship with the People from the Substance of the Deal

Be hard on the deal, soft on the people

See the deal from inside their shoes

Make your proposal consistent with their value

2.    Focus on shared Values and Interests, but not in the Positions Each Side Takes

Values define the deal

Each side has multiple interests - be clear on yours, discover theirs

3.    In Stuck, Brainstorm Options for Mutual Benefit

Think outside the box

Identify shared interest

4.    Use Objective Criteria for Decision-Making

Strike a deal based on principle, not pressure

Agree on fair standards and procedures

Frame issues as a collaborative quest