Four Rules for Effective Negotiations

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13/06/2011 Four Rules for Effective Negotiations … Harvard Business Publishing | For Educators | For Corporate Buyers | Visit Harvard Business School FOLLOW HBR: Register today and save 20%* off your first order! Details Subscribe Sign in / Register My Account Anthony Tjan On: Entrepreneurship, Strategy, Managing yourself Anthony Tjan Anthony Tjan is CEO, Managing Partner and Founder of the venture capital firm Cue Ball. An entrepreneur, investor, and senior advisor, Tjan has become a recognized business builder. Four Rules for Effective Negotiations 8:30 AM Tuesday July 28, 2009 | Comments (19) I've been involved in many negotiations in my career. They've all been different in some ways, and alike in…show more content…
How P&G Tripled Its Innovation Success Rate 10. Column: On Stepping Down Gracefully …hbr.org/…/four-rules-for-effective-n… 1/6 13/06/2011 Four Rules for Effective Negotiations … All Most Popular » and let the other side walk if they don't want it. This is not to say to be offensive or to low ball, but rather to be honest, straightforward on what you are willing to do and explain that you understand if it does not work for them and that it is the best you can do. A great example to end on is how John Hamel recently purchased his new home. He had found a unit in a townhouse complex that he liked and was ready to close on it at price x per square foot. That said, he thought he'd take a shot on a larger and more recently renovated unit by advising that owner (who he knew was interested in selling) that he was going to be accepting a price on the other unit in 24 hours, but would take their unit at an even more aggressive price per square foot if they were interested with an immediate close. Remarkable thing, he ended up with the larger unit and one of the best units in the complex. More on: Communication, Negotiating, Personal effectiveness Comments (18) | Join the Discussion | PREVIOUS Email/Share NEXT Four Simple Ways to Make Your Employees Happier How to Align Employee and Company Interests STAY CONNECTED TO HBR Never miss a new post from your favorite b logger again with the Harvard Business Review Daily Alert
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