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Getting (More of) What You Want
Book

Getting (More of) What You Want

How the Secrets of Economics and Psychology Can Help You Negotiate Anything in Business and in Life

Basic Books, 2015 more...

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Editorial Rating

8

Qualities

  • Applicable

Recommendation

Negotiation is an essential skill. Yet people tend to regard the ability to negotiate as a personality trait to develop rather than as an expertise to build. Margaret A. Neale of the Stanford Business School and Thomas Z. Lys of the Kellogg School of Management at Northwestern University offer the ultimate negotiating model. They base their approach on extensive research and the precepts of behavioral economics. Their book covers such negotiating basics as how to create and claim value, and then it delves into more complicated aspects of negotiating, such as power plays and concessions. Unfortunately, repetition and circular logic sometimes muddy their stream of thought. If you find yourself rereading certain passages looking for clarity just check the helpful end-of-chapter summaries. getAbstract recommends this in-depth behavioral analysis of negotiating strategy to those seeking to elevate their prowess at the bargaining table.

Take-Aways

  • Negotiations are not beneficial if they cost more in time, energy and money than you can gain.
  • Knowing when negotiating is appropriate creates more opportunities for working out conflicts or deals.
  • The “reservation price” is the highest price you’ll pay; the “aspiration price” is what you consider a great bargain.

About the Authors

Margaret A. Neale teaches at the Graduate School of Business at Stanford University and wrote Negotiating Rationally on bargaining. Thomas Z. Lys teaches accounting at the Kellogg School of Management at Northwestern University and edits the Journal of Accounting & Economics.


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