Negotiation - whether hammering out a great job offer, settling a dispute with a client, drafting a contract, or making trade-offs between business units - is both a necessary and challenging aspect of business life. In the business world, confident negotiators are always in high demand. Bringing a difficult negotiation to a successful conclusion can be one of the most exhilarating - and valuable - aspects of business today. Packed with practical advice and handy tools, "Negotiation" will help any manager sharpen skills and yield a sizable payoff.Contents include: preparing the necessary information before a negotiation; managing multiparty negotiations; assessing the position of the opposing side; determining your sources of power and authority in a negotiation; and, recognizing the barriers to agreement and how to overcome them. Readers can access free interactive tools on the Harvard Business Essentials companion web site. Series Adviser: Michael Watkins, Associate Professor Michael Watkins does research on negotiation and leadership. He is the coauthor of "Right From the Start: Taking Charge in a New Leadership Role" (HBS Press, 1999) and the author of "Taking Charge in Your New Leadership Role: A Workbook" (HBS Publishing, 2001), both of which examine how new leaders coming into senior management positions should spend their first six months on the job.This is the reliable source for busy managers. "The Harvard Business Essentials" series is designed to provide comprehensive advice, personal coaching, background information, and guidance on the most relevant topics in business. Drawing on rich content from Harvard Business School Publishing and other sources, these concise guides are carefully crafted to provide a highly practical resource for readers with all levels of experience. To assure quality and accuracy, each volume is closely reviewed by a specialized content adviser from a world class business school. Whether you are a new manager interested in expanding your skills or an experienced executive looking for a personal resource, these solution-oriented books offer reliable answers at your fingertips.
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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.
I read this book for my Interviewing, Counseling, and Negotiations class. This book had several helpful insights that will help improve my negotiation skills. However, some of it was common sense and it was repetitive at times. For a textbook, it was an easy read. The first half of the book was a lot more useful than the second half.
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.