“Withdraw an offer” Tactic in Negotiations

Description

This Skill Bit explains the tactic of withdrawing an offer in negotiations, which can create leverage and signal strength. By retracting a previously extended proposal, negotiators demonstrate confidence and control over the situation. This move may prompt the other party to reconsider their position and engage more seriously in reaching a favorable agreement. However, careful timing and consideration are essential to avoid damaging relationships or losing credibility.

Duration approx. 3 Min.

Tier: proficiency