Contract Negotiations

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    Case Study – Multilevel Communication in International Business Negotiations

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    AUDIO Case Study GlobalCorp is negotiating a strategic partnership with InternationalBiz to expand its market reach. Executives engage in high-level discussions while negotiation teams tackle tactical details. Intermediaries foster informal rapport, and legal advisors prepare for any disputes. By analyzing audience needs and customizing messages, GlobalCorp effectively navigates the complex communication landscape. This strategic approach…

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    Case Study – Relationship Resonance: Maximizing Connections in Negotiations

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    AUDIO Case Study In this episode, we dive into Luxe Resorts’ thrilling negotiation with Gourmet Delights for a premium supply contract. By leveraging their successful history and personal connections, Luxe built trust and showcased mutual benefits. They used referrals to boost credibility while keeping negotiations professional. The result? A fantastic deal that not only met…

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    Case Study – Value-Added Negotiations: Enhancing Deals with Add-Ons

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    AUDIO Case Study In this episode, we dive into TechGenius’s negotiation with GlobalCorp for project management software, where they introduced valuable add-ons like advanced reporting tools and personalized training. By maintaining transparency about costs and tailoring options to GlobalCorp’s needs, TechGenius showcased the tangible benefits of each add-on. Their collaborative approach and flexibility led to…

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    Case Study – Elevating Expectations: Negotiating Higher Standards

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    AUDIO Case Study In this episode, we dive into how Urban Ventures transformed their negotiation with BuildWell Constructions for a high-rise project using the “do better” tactic. By pinpointing gaps in pricing and quality, Urban Ventures pushed for better terms while fostering a collaborative dialogue. Their assertive yet respectful approach led to significant revisions in…

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    Case Study – Competitive Reminders: Leveraging Market Dynamics

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    AUDIO Case Study In this podcast episode, we explore how AdBoost Technologies secured a deal with MegaCorp Inc. using the “remind them of the competition” tactic. By showcasing their advertising platform’s unique features and superior performance, backed by solid metrics, AdBoost created a sense of urgency. They fostered open dialogue, demonstrating flexibility while highlighting their…

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    Case Study – Supply Sprints: Driving Competitive Negotiations

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    AUDIO Case Study In this podcast episode, we explore how TechCom Manufacturing effectively employed the “horserace” strategy to secure a reliable supplier for crucial electronic components. By identifying multiple suppliers and emphasizing competition, they fostered urgency and motivation to submit the best proposals. TechCom maintained transparency by outlining evaluation criteria, including price and reliability, while…

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    Case Study – TechSolutions Inc.: Navigating Competitive Negotiations

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    AUDIO Case Study In this podcast episode, we delve into how TechSolutions Inc. navigated software development outsourcing negotiations using the “horserace” strategy. By informing multiple agencies of the competitive selection process, they created urgency for timely and compelling proposals. TechSolutions set clear deadlines and criteria for evaluation, ensuring transparency while maximizing value through comparative offers….

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    Case Study – Real Estate Negotiation Adjustments

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    AUDIO Case Study In this podcast episode, we explore how Amanda skillfully navigated the sale of her family home using incremental moves and re-anchoring tactics. Initially setting the listing price at $500,000, Amanda adjusted her anchor in response to buyer feedback, lowering it to $485,000. As negotiations progressed, she seized an opportunity to re-anchor at…

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    Case Study – Salary Negotiation Dynamics

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    AUDIO Case Study In this podcast episode, we delve into the role of anchoring in salary negotiations, following James, a recent graduate navigating his dream job offer. The hiring manager set a high initial offer, using information asymmetry and the first-mover advantage to anchor James’s salary expectations. Despite his efforts to negotiate, James faced challenges…

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    Case Study – Anchoring in Real Estate Negotiations

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    AUDIO Case Study In this podcast episode, we explore how anchoring can shape real estate negotiations through Sarah, a seasoned agent representing a seller with a luxurious penthouse. Sarah strategically set a premium $2.5 million listing price, anchoring buyer expectations and framing the range of counteroffers. We break down how she used this psychological tactic,…

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    Case Study – Anchoring in Retail Pricing

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    AUDIO Case Study In this podcast episode, we dive into the world of retail pricing strategy through Sarah, the owner of a boutique clothing store. Unwittingly, Sarah’s pricing decisions were shaped by the anchoring effect, a cognitive bias that led her to base future prices on initial costs. This case study uncovers how anchoring can…

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    Case Study – Anchoring in Car Sales Negotiations

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    AUDIO Case Study In this podcast episode, we explore the power of anchoring in car sales negotiations through John, a seasoned salesman. Negotiating the sale of a premium sedan, John skillfully set the initial offer above market value, framing the conversation in his favor. This case study delves into the psychological principles of anchoring and…