Negotiation--whether brokering a deal, mediating a dispute, or writing up a contract--is both a necessary and challenging aspect of business life. This guide helps managers to sharpen their skills and become more effective deal makers in any situation.
This book opens up the door to negotiation. For people who would like to learn deeper, try combining this tool book with Introduction of negotiation offered online by Coursera with Prof Barry Nalebuff (https://www.coursera.org/learn/negoti...). This free course offers real-life case studies, and it's a great complimentary learning material to apply the theory.
1) Always determine what your and the other side's BATNA are before entering any negotiation. Your BATNA determines the point at which you can say no to an unfavorable proposal. If that BATNA is strong, you can negotiate for more favorable terms, knowing that you have something better to fall back on if a deal cannot be arranged. A weak BATNA puts you in a weak barganing position. If the other side knows that its opponent has a weak BATNA, the weak party has very little power to negotiate.
2) If you think you value the relationship with the other side and want to create more value over the long run, then it may not be the best idea to try to obtain the best numeric outcome on a one-off basis as that may damage the relationship.
3) Reservation price (walk-away price) is the least favorable point at which one will accept a deal. Your reservation price should be derived from your BATNA, but it is not usually the same thing. If the deal is only about money, however and a credible dollar offer is your BATNA, then your reservation price would be approximately equal to your BATNA.
This entire review has been hidden because of spoilers.
This book reflects the content and syllabus of the online program Mastery Negotiation offered by Harvard Business School. It posits that the BATNA scheme of negotiation is a rational, useful, and best alternative to hold and conclude a negotiation. Definitely I recommend this book to those involved in negotiations.
A few good concepts, so it should be useful for someone who has not read anything about the topic. If you have read something about negotiations, probably it will not add much. The book is short, but far too long for what it delivers. The last few chapters should have been just bullet points for a 5 minute read.
We are negotiating all the time in our lives. The book talks about basics of negotiations and how to improve upon them. If practised properly, the techniques stated can help you in gaining bigger pie in the negotiation.
I wouldn't characterize this as pleasure reading. It's easy enough to read as far as textbook- type books go, but you're not going to pick it up for funsies.
This book was a delightful read that was very informative but not overwhelming. The author did a spectacular job of balancing the explanations of business terms such as anchoring, BATNA, ZOPA, counter-anchoring with helpful explanations.
Read it in under two weeks. Another points mentioning are that the book comes with suggestions of other related reading and publications, a glossary, and a list of what questions you must ask yourself before you enter a negotiation.
Everyone should read this in order to better communicate and relate to adversaries or rival parties/groups/companies. My only complaint is that it was very business oriented and it could have put more emphasis on more day to day negotiation.
If you're going to read a negotiation book, this is a good one. I liked it much better than Getting to Yes. It had more practical ways to win negotiations, which is why we read negotiation books in the first place.
the book provides the basic of negotiations. By reading the book you can get a clear overview on how to prepare for any negotiation. Everyone should read the book so that they can be better prepare for their next negotiation
This book gives you the basics of negotiations. It itroduces important terminologies and concepts. Was very useful preparation for my LBS course on the same topic.