What Can Principal Agent Theory Teach Negotiators?

Is there a gap between you and your agent's incentives?

There are times when something is being negotiated that we choose to not go it alone. Instead, we decide that we need some help. When this happens we may bring in an agent to represent us to the other side . However, this can cause problems. If you do this, you wonder whether you can … Read more What Can Principal Agent Theory Teach Negotiators?

How To Negotiate With People That You Don’t Get Along With

Emotional reactions can prevent us from negotiating well

That negotiating thing is difficult enough without having to deal with all of the different people involved. However, we need to admit that there will be times that no matter how difficult a negotiation is and no matter what negotiation styles or negotiating techniques we are using, it will really be the people that we … Read more How To Negotiate With People That You Don’t Get Along With

Dealing With The Challenge Of Online Dispute Resolution Using AI

When we negotiate online, we need to find ways to deal with disputes

Let’s face it, negotiating has never been easy to do and with the arrival of the Covid-19 virus, it just suddenly became a lot harder. These days nobody really wants to sit in a closed room for a long time with a group of people who may or may not have been practicing safe social … Read more Dealing With The Challenge Of Online Dispute Resolution Using AI

How Should Negotiators Respond To Threats?

Negotiators need to know how to react when they are threatened

So a negotiation is a business discussion that occurs between two adults, correct? Well, in a lot of cases this is a correct statement. However, there are times when things can become heated during a negotiation. When one side feels as though they are not getting their way, they start to look for ways that … Read more How Should Negotiators Respond To Threats?

The Top 10 Skills Every Negotiator Needs To Have

Negotiators need to have these skills in order to get the deals that they want

As negotiators, our goal whenever we are starting a negotiation is to find a way to get the best deal possible. This is not always an easy thing to make happen. The best negotiators are the ones who can use their negotiation styles and negotiating techniques to both create value during the negotiation and then … Read more The Top 10 Skills Every Negotiator Needs To Have

To Be Successful In A Negotiation, Do Women Need To Learn To “Lean In”?

Women need to learn how to create more value during a negotiation

Negotiating is hard. Negotiating when you are a woman is even harder. Historically women have not been as aggressive as men. They have been willing to settle for what is offered to them. However, to truly be successful negotiators women need to start to think about what a man would be able to achieve in … Read more To Be Successful In A Negotiation, Do Women Need To Learn To “Lean In”?

Dealing With Conflict During A Negotiation

When conflict arises during a negotiation, it needs to be resolved

Negotiating is all about having a discussion with the other side while using your negotiation styles and negotiating techniques with the hope of changing the way that they see the world. As expected, this kind of change does not always happen easily – a negotiation can cause conflicts to occur. When an issue flares up … Read more Dealing With Conflict During A Negotiation

The Best Ways To Resolve Conflicts During A Negotiation

When managing conflict, you’ll need to have some conflict resolution strategies

When managing conflict, you’ll need to have some conflict resolution strategies Image Credit: JD Hancock Let’s face it: conflict happens in every negotiation. The very process of negotiating using our negotiation styles and negotiating techniques with someone seems to open the door to allowing conflict to come in. How do we deal with conflict when … Read more The Best Ways To Resolve Conflicts During A Negotiation

What To Do When You Are Up Against A Hard Bargainer

If you are not careful, then the best hard-bargaining tactics can catch you off guard

So who will you be negotiating with during your next negotiation? Are you going to be dealing with a hard bargainer? There are some negotiators out there who seem to think that if they want to get their way in a negotiation then they are going to have to use hard-bargaining negotiation styles and negotiating … Read more What To Do When You Are Up Against A Hard Bargainer

Four Traps You Can Fall Into While Doing Sales Negotiations

In a negotiation, both sellers and buyers can fall victim to decision-making errors

When we are engaged in a negotiation, no matter what negotiation styles or negotiating techniques are being used we can make the mistake of falling into common cognitive traps if we are not careful. These traps are sneaky and if we are not on the lookout for them then they can sneak up on us … Read more Four Traps You Can Fall Into While Doing Sales Negotiations