1. The document discusses negotiations between Best Buy and Panasonic over a DVD deal. Best Buy wants to buy 5000 DVDs from Panasonic to sell during the Super Bowl, but the deal is at an impasse. Best Buy estimates they would make $2.5 million total from selling the DVDs, while Panasonic would make $500 per DVD sold. Both companies risk losing money if an agreement cannot be reached.
2. The document suggests that expressing feelings during negotiations can help parties relate to each other as humans and find common ground to break an impasse. Showing vulnerability makes each side feel the other understands their perspective, bringing them closer to an agreement.
1. The document discusses negotiations between Best Buy and Panasonic over a DVD deal. Best Buy wants to buy 5000 DVDs from Panasonic to sell during the Super Bowl, but the deal is at an impasse. Best Buy estimates they would make $2.5 million total from selling the DVDs, while Panasonic would make $500 per DVD sold. Both companies risk losing money if an agreement cannot be reached.
2. The document suggests that expressing feelings during negotiations can help parties relate to each other as humans and find common ground to break an impasse. Showing vulnerability makes each side feel the other understands their perspective, bringing them closer to an agreement.
1. The document discusses negotiations between Best Buy and Panasonic over a DVD deal. Best Buy wants to buy 5000 DVDs from Panasonic to sell during the Super Bowl, but the deal is at an impasse. Best Buy estimates they would make $2.5 million total from selling the DVDs, while Panasonic would make $500 per DVD sold. Both companies risk losing money if an agreement cannot be reached.
2. The document suggests that expressing feelings during negotiations can help parties relate to each other as humans and find common ground to break an impasse. Showing vulnerability makes each side feel the other understands their perspective, bringing them closer to an agreement.
1. You're at an impasse that's involved with your buying.
You buy a DVD for Best
Buy. And you go to Panasonic and negotiating for 5000 DVD. And you can't wait to get the deal done. So, then you bring up what's going to be lost. Best Buy says if we don't have these five thousand TV shows we don't have five thousand DVDs to sell at Super Bowl time. We make five hundred dollars per TV 5000 DVDs and 500 dollars apiece. That's how much money. Two million five hundred thousand dollars. Right. And by the way, Panasonic you make 500 dollars going to TV you sell. You're about to lose two million five hundred thousand dollars. So, if we can't make a deal we're each gonna lose money. He's going to lose two million dollars. So, you can recap what's going on. Save what's been lost. You'll find out maybe the parties reward positive. 2. Express how you feel: When you communicate your feelings. You're presenting yourself as someone to whom others can relate to. We will appear to be a team player from both sides and expressing how you feel. So, the other party thinks so. This guy is actually human. I'm actually thinking the same way I feel the same way. You feel the same way. Let's do something about it. Let's get this impasse broken
Hardball Negotiation: All the Best Tactics, How to Use Them, and Defend Against Them: Everything You Need to Know - Easy Fast Results - It Works; and It Will Work for You