Leveraging your financial resources in negotiations

This Skill Bit shows that leveraging financial resources strategically can offer significant advantages in negotiations. This approach involves using financial prowess, such as offering higher payments or investments, to secure favorable terms. However, it requires careful consideration of potential costs and commitments. Effective use of this tactic demands a balance between demonstrating commitment and managing risks, aiming for mutual benefits while maintaining transparency and collaboration to achieve successful outcomes.

Duration approx. 2 Min.

Tier: proficiency

A part of Power Dynamics in Negotiation: Strategies for Effective Influence course.