Article

How to Bargain to Win …and Still Be Friends

Written by Patsi Krakoff, Psy. D.

Topic: Business OpportunitiesPublished March 8, 2006
No ratings yet1,026 viewsSign in to rate
Without signing up for the Harvard Negotiating Project, how can you effectively bargain to get what you want? n nLet’s face it: Each of us negotiates every day. At work, we discuss additional compensation when we’re promoted to a new position. We plan a vacation or a move. We negotiate with our spouse over what’s for dinner and which TV shows to watch. We negotiate all sorts of things, big and small, on a daily basis.n nNegotiation is a means of getting what you want from others. It consists of back-and-forth discussions designed to reach an agreement with another party anytime you face common and opposing interests. But sometimes differing interests can cause the discussion to careen off track into an argument. Even when you reach a compromised agreement, the relationship may be harmed.n nPositional Bargainingn nMost often, when people bargain, they become entrenched in their positions. They try to reach a compromise that’s as close as possible to their original goal. This means bargaining in a give-and-take fashion.n nThe problem with this process, known as “positional bargaining,” is simple: Once you take a position, you lock yourself into it. The more you defend it, the more committed you become to it. Some people try to use soft bargaining, with an emphasis on preserving the relationship. This works—unless the other party is a hard bargainer.n nAn Alternative Processn nThere’s an alternative to hard or soft bargaining: Change the game entirely. Based on the Harvard Negotiation Project, this method—described in the book Getting to Yes: Negotiating Agreement Without Giving In by Roger Fisher, William Ury and Bruce Patton—is called principled negotiation, or negotiation on the merits. n nPrincipled negotiation involves finding ways to meet the basic interests of both people, seeking mutually satisfying options. Both sides avoid digging in their heels. They separate their personalities and their egos from the problem at hand. They deal directly, empathetically and respectfully with each other. Their goal: to reach a mutually beneficial outcome.n nFour Elements to Principled Negotiationn nThere are four areas to consider in principled negotiation:n n1. People: Separate the people from the problem.n n2. Interests: Focus on interests, not positions.n n3. Options: Generate a variety of possibilities before deciding what to don n4. Criteria: Insist on a result based on an objective standardn nThe process can be broken down into three phases: n nAnalysisnDuring the analysis stage, you gather information, organize it and think about it. You must identify the outcome (basic need or want) you wish to achieve. You’ll want to consider any people problems, partisan perceptions and unclear communications as you identify others’ needs. n nPlanningnDeal with the four elements of principled negotiation during the planning phase as you generate ideas and decide what to do. Consider these questions:n n1. How will you handle people problems?n2. Of your interests, which are the most important?n3. What are some realistic objectives?n4. What are some additional options?n5. What criteria will be used in decision making?n nDiscussionnDuring the discussion phase, both parties examine differences in perception, feelings of frustration and other factors. Each side should come to understand the other’s interests, which allows you to reach a joint decision without the high costs of positional bargaining.n nWith principled negotiation, you’ll enjoy the satisfaction that accompanies getting what you deserve while maintaining positive relationships during the bargaining process. n nnPlanning: Deal with the four elements of principled negotiation during the planning phase as you generate ideas and decide what to do. Consider these questions:n n6. How will you handle people problems?n7. Of your interests, which are the most important?n8. What are some realistic objectives?n9. What are some additional options?n10. What criteria will be used in decision making?n

Article author

About the Author

Patsi Krakoff, Psy. D. writes articles for business and executive coaches and consultants. She provides articles on leadership and executive development for sale, and formatted into customized newsletters. Get Patsi's Secrets of Successful Ezines 7-Step Mini-Course to learn what you need to know to publish a successful ezine. http://snipurl.com/Ezine_MiniCourse

Further reading

Further Reading

4 total

Article

India’s infrastructure growth has accelerated significantly over the past two decades. From expanding highways and railway networks to large-scale urban development and industrial corridors, the backbone of these projects is steel. Steel manufacturing plays a vital role in enabling the country to build durable structures, modern transportation systems, and energy facilities that support economic progress. The availability of specialized steel grades and precision-manufactur

March 10, 2026

Article

Modern life moves quickly, and managing daily responsibilities alongside professional commitments can often feel overwhelming. This is where concierge services come into play. Designed to simplify life and provide personalized support, concierge services have become increasingly popular among professionals, businesses, and families who value convenience, efficiency, and premium lifestyle support. From handling routine errands to organizing exclusive experiences, concierge ser

March 6, 2026

Article

Introduction The world of healthcare often leaves behind unused items, and diabetic supplies are among them. Many people find themselves with extra test strips, lancets, or glucose meters due to changes in prescriptions, insurance coverage, or simply overstocking. This situation raises a natural question: how much money can someone make by selling these supplies? While the answer varies, the journey of understanding this market reveals both opportunities and limitations. The

March 3, 2026

Article

The Evolution of the Doorstep Handshake In the early days of the renewable energy boom, the transition to solar power was often viewed as a purely transactional event. Homeowners saw panels on a roof, signed a contract, and hoped for the best. However, as the industry matured, the focus shifted from the hardware itself to the human connection that precedes the installation. This shift has turned a simple meeting into a cornerstone of business growth. The journey toward a sust

February 18, 2026