In the earlier definition of negotiation, I used the phrase process of exchange. In the varied ways we exchange currencies for goods and services, negotiation is only one of several processes of exchange. Figure 1.2 represents a hierarchy of the exchange processes based on level of power.
At the top of the power scale, the not engaging strategy involves a refusal to even open the negotiation. Consider the example of a person who owns a beautiful art object with so much value or meaning to the individual that it’s not on the market. Along comes a buyer willing to pay such an outrageous price that the other party is stunned into at least consideration of selling. However, the power lies with the person who owns the object and does not want to sell.
Consider the folksy story of the driver who comes across a beautiful seaside home. The home owner is working in her garden as the potential buyer approaches.
Good afternoon. What a beautiful house you have here.
Why thank you, it’s been in my family for generations.
Is it for sale?
No. There’s no way I would ever sell this house.
I would give you $500,000 for it. (Close to market value.)
Perhaps you didn’t hear me the first time. It’s not for sale!
I could increase my offer to $1 million. ...