Kate Vitasek blog/article published on 28 July 2021 features getting back to work insights from Dan Ariely. Also getting back to efficient negotiations.
Games People Play with Vendors
In what seems like a strange message from a different era, a Harvard Business Review article in 2012 by Reed K. Holden, wrote about the games buyers play with vendors, and the fact that the relationship buyer “has been in steady decline.” Holden, the author of Negotiating with Backbone, contended that the relationship buyer was […]
Secession as a Negotiation Tactic Will Only Go So Far
In a recent Seth Godin blog, Secession vs. Commitment, he talks about the negotiation tactic of leaving: it is powerful because “when the customer/partner/citizen could bolt at any moment, we act differently.” It may be powerful, but it is a short-term tactic. A better dynamic is commitment, because it is a “creation tactic.” When parties […]
Forbes — 14 February 2018
How often do we come to the negotiating table or the procurement process with the idea of treating each other as equals during a negotiation?
Outsourcing Practices to Avoid
Traditional negotiation tactics all too often include hiding authentic intentions and using scare tactics to help tilt the playing field to their advantage. While aggressive tactics may get a short-term win, they often backfire, especially when used in longer term strategic supplier relationships and outsourcing contracts. These five scary practices should be avoided: Penny Wise […]
Sharing Knowledge is Power Multiplied
Most everyone would agree with the adage that knowledge is power, but what about sharing that knowledge? Some might argue that in the context of a contract negotiation, for example, knowledge provides a competitive advantage—so why share it? I would argue just the opposite. . Briefly put, sharing knowledge creates a dynamic of transparency, trust […]
…Then You Win
“First, they ignore you, then they laugh at you, then they fight you, then you win.” The quote is attributed to Mahatma Gandhi, and I wanted to share it because I believe it is relevant to the Vested business model, and the way negotiations should go in a non-violent/nonconfrontational environment. The “ignore” part is the […]
A Compromise that Sent 150 Strangers to the Beach!
JetBlue recently engaged in a social experiment of sorts aboard one of its aircraft: the result was an interesting lesson in both social dynamics and the value of working together for the best results. As related in an UpWorthy post last month, The 150 passengers on Flight 603, bound for Phoenix from Boston, were asked […]
It’s All Personal!
It’s time to bury that old excuse for bad or questionable behavior in business – you know, the one where the executive “kindly” remarks after stepping all over someone, “It’s not personal, it’s just business.” At the International Association of Outsourcing Professionals (IAOP) conference this week I was sitting in on a session on negotiation […]
Forbes — September 2015
Beyond A Fair Price: Proven Approaches To Buy Value Article by Kate Vitasek published 14 Sept. 2015 on the Forbes Leadership site. Many buyers and suppliers are easily frustrated when it comes time to negotiate a fair contract price that preserves and increases value. In fact, it is paradoxical. On one hand the parties discuss […]