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The Truth About Negotiations, 2nd Edition
book

The Truth About Negotiations, 2nd Edition

by Leigh L. Thompson
June 2013
Beginner to intermediate
224 pages
2h 41m
English
FT Press
Content preview from The Truth About Negotiations, 2nd Edition

Truth 10. Don’t reveal your BATNA

“Why is it so bad to reveal my BATNA?” you may ask. Once you reveal your BATNA, the other party has no incentive to offer you any more than your BATNA. Consider the following scenario:

Home seller: “My house is listed at $250,000. Another buyer has made an offer, but it’s only for $175,000, which is too low. I’d like you to offer something in the range of $225,000 to $240,000.”

Homebuyer: “Your house is lovely. However, I have my own financial needs to consider. I’ll make you a cash offer of $176,000, and we can close at your convenience.”

If you sensed something wrong with the home seller’s approach, you’re right: The seller revealed the BATNA to the other party. What’s more, the BATNA was relatively unattractive. ...

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Publisher Resources

ISBN: 9780133353471Purchase book