4 ms·
These seem helpful, particularly in multi-round negotiations (which is pretty much anything in silicon valley, but actually isn't a great model for a lot of tra
by rdl 13y ago
These seem helpful, particularly in multi-round negotiations (which is pretty much anything in silicon valley, but actually isn't a great model for a lot of transactions in the wider world, unfortunately), but for me, the single most important key to getting good outcomes from negotiations is pretty simple:
BATNA. i.e. know what your best alternative to a negotiated agreement is before starting negotiations, and be able to walk away. As long as I have that, it's easy to be dispassionate and rational (and thus polite, honest, thorough, good at documentation, etc.)
- amirmc 13y ago> "... and be able to walk away." I've always found this to be the trickiest, both in terms of defining it (in advance of a negotiation) and being willing to stick to it (during the discussion). Sometimes understanding that the BATNA is just the time saved can be helpful. NB It's related to other advice that 'deals exist in order to fall through'.