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One Response to “Team Building and Your Negotiations”

  1. Priya /

    From my experience I have seen that designating a lead negotiator also helps. In complex deals you may have multiple leads with the "money guy" having the overall lead (for eg on a construction deal, one commercial and one technical lead negotiator would be appropriate with the overall lead being with the commercial lead). In our negotiations (where contracts having hundereds of key elements and valued at Millions of dollars) we not only set that up, we also informed the counterparty that that is how the authorities lay in the team. So in case a "non lead" made a comment it was understood that he/she did not speak for the company and it was just a personal opinion. In all my negotiations, I had just one all hands prep session wherein all our team members were made to understand their roles and authorities. During this session we also discussed, argued and agreed upon our BATNA and reserve positions for all the key terms. This resulted in seamless negotiations despite spending long hours stretching over months with the counterparty, never once was a word said that was out of place. Reply

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