best alternative to a negotiated agreement

Or BATNA, describes a negotiator’s best possible outcome if the current negotiations fail.

The following items are tagged best alternative to a negotiated agreement.

Check Your Confidence

Posted by & filed under Business Negotiations.

Many negotiators understand the importance of estimating the other side’s reservation price—the worst deal he would accept from you. However, despite the fact that such estimates often are based on hints, clues, and speculation, negotiators are frequently overconfident that their estimates are accurate.