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The Bartering Mindset
Book

The Bartering Mindset

A Mostly-Forgotten Framework for Mastering Your Next Negotiation

University of Toronto Press, 2019 plus...


Editorial Rating

8

Qualities

  • Applicable
  • Well Structured
  • Concrete Examples

Recommendation

Bartering requires creative problem solving and promotes enlightened self-interest. Today’s adversarial “monetary mind-set” often turns out to be ineffective at solving problems because it focuses on winners and losers. Brian C. Gunia asserts that a “bartering mind-set” promises everyone a good deal. By expanding the available number of partners, goods and services, participants can build resources together. Gunia 0ffers five steps for applying the bartering mind-set in negotiations. He says to determine your needs broadly and cultivate powerful partnerships to establish diverse options, enjoy less conflict and promote deals that satisfy all parties.

Take-Aways

  • Preoccupation with money encourages seeing all negotiations through a “monetary mind-set.”
  • Having a “bartering mind-set” means exchanging the goods and services you have for those you need. It requires a “double coincidence” of wants and offerings.
  • The bartering mind-set encourages taking five steps to expand your negotiating abilities and resources so everybody wins. 

About the Author

Brian C. Gunia, PhD, is an associate professor at Johns Hopkins University’s Carey Business School. His research focuses on how people jeopardize their careers by acting unethically, negotiating ineffectually and sleeping poorly. 


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