Importance of Satisfaction and Fairness in Negotiations and Contract Closure

Description

This Skill Bit emphasizes that negotiations should not be just a formality. Contracts provide stability but can also foster dynamic, mutually beneficial agreements. Successful negotiations go beyond securing a deal, focusing on fairness and satisfaction to build trust and long-term partnerships. The anchoring strategy, starting with a high offer, can shape outcomes when used with strategic market research and flexibility, enhancing the negotiation’s effectiveness.

Duration approx. 4 Min.

Tier: proficiency