decision-making

The following items are tagged decision-making.

Devilish Contractual Details

Posted by & filed under Daily, Negotiation Skills.

Adapted from “Is the Devil in the Details?,” first published in the Negotiation newsletter.

You’re close to a deal, but concerns linger. Some of the contract terms seem less than precise. What in the world does “reasonable best efforts” mean, for example, or “good faith”? Negotiators in this commonplace situation face a choice: push for more

Too Tough Talk?

Posted by & filed under Daily, Negotiation Skills.

Adapted from “Break Through the Tough Talk,” by Kristina A. Diekmann (University of Utah) and Ann E. Tenbrunsel (Notre Dame University), first published in the Negotiation newsletter.

You might think that cultivating a reputation as a tough bargainer might be the best way to cope with a competitive opponent. But this isn’t necessarily the best strategy.

Change the Trust Default

Posted by & filed under Daily, Negotiation Skills.

Adapted from “How to Build Trust at the Bargaining Table,” first published in the Negotiation newsletter.

Carol’s longtime doctor diagnoses her with a serious illness and recommends immediate, aggressive treatment. Carol would like to seek a second opinion, but she doesn’t want to offend her doctor—who, after all, has always provided her with excellent care. Carol

Chaos Theory

Posted by & filed under Daily, Negotiation Skills.

Adapted from “Making Sense of the Unknown,” first published in the Negotiation newsletter.

IBM researchers Cynthia F. Kurtz and David J. Snowden have developed a process for building internal consensus in situations where high uncertainty exists. Facilitators lead managers in making sense of novel challenges and opportunities. A key goal is distinguishing complex cases from pure

Don’t Just Do the Math

Posted by & filed under Daily, Negotiation Skills.

Adapted from “Do the Numbers Get in Your Way?” by Brian J. Hall (professor, Harvard Business School) and P. Trent Staats (vice president, Verenium Corp.), first published in the Negotiation newsletter.

Consider the customer support center that sought to increase the number of calls it could process per hour without increasing its capacity. When the call

Managing the Millennials

Posted by & filed under Business Negotiations.

Adapted from “Managing the Millennial Generation,” by Robert C. Bordone (professor, Harvard Law School) and Matthew J. Smith (lecturer, Harvard Law School), first published in the Negotiation newsletter.

DEAR NEGOTIATION COACH: Over the past few years, employees who have joined my firm directly from undergraduate and graduate programs have seemed to me like creatures from a

Debbie Goldstein

Posted by & filed under Affiliated Faculty, PON Affiliated Faculty.

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Debbie Goldstein is an adjunct professor at Georgetown University Law Center and a Lecturer at Tufts University School of Medicine. She also teaches executives through the Harvard Negotiation Institute. In the private sector, she is the Managing Director of Triad Consulting, a Cambridge-based consulting firm specializing in the field of conflict resolution.

Expanding the farm

Posted by & filed under Daily, Negotiation Skills.

The PON Clearinghouse offers hundreds of role simulations, from two-party, single-issue negotiations to complex multi-party exercises.  Mountain View Farm is a two-party, multi-issue integrative negotiation between a farmer and a neighbor over the sale or lease of part of the neighbor’s land.

SCENARIO: A Vermont farmer somewhat interested in the possibility of expanding activities

Beware Your Lawyer’s Biases

Posted by & filed under Business Negotiations.

Parties in litigation are often overly optimistic about their chances of winning in court. This tendency reduces the bargaining range for settlement because one or both parties perceive their walkaway alternative (namely, letting the courts decide) to be more attractive than it actually is. According to conventional wisdom, lawyers can help their clients overcome this overoptimism bias by providing an objective assessment of a case’s merits and encourage acceptance of a deal.

Max Bazerman, PON Executive Committee

Posted by & filed under Executive Committee, PON Affiliated Faculty.

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In addition to being the Straus Professor at the Harvard Business School, Max is formally affiliated with the Kennedy School of Government, the Psychology Department, and the Program on Negotiation.

 Max’s research focuses on decision making, negotiation, and ethics. He is the author, co-author, or co-editor of eighteen books (including Negotiation Genius [with Deepak Malhotra ], Bantam Books, September 2007) and over 200 research articles and chapters.