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The Truth About Negotiations
book

The Truth About Negotiations

by Leigh L. Thompson
September 2007
Beginner
224 pages
2h 42m
English
Pearson
Content preview from The Truth About Negotiations

Truth 19. Be aware of the “even-split” ploy

The following interchange actually occurred. What, if anything, is wrong with this picture?

Party A: I’ll offer you $15M to buy your company.

Party B: Are you kidding? It’s worth much more than that, and I have several offers. I would want at least $47M.

Party A: That’s a lot more than I’d ever want to spend. The most I could offer would be $18M.

Party B: Well, then we probably won’t reach a deal, because the company is worth $47M. But I might agree to $46M.

It’s almost inevitable that one negotiator will suggest “splitting the difference.”

Party A: Still unacceptable. My highest bid would be $22M. But that would have to be with a closing in the next 30 days.

Party B: I don’t think I could accept that ...

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Publisher Resources

ISBN: 9780136007364Purchase book