The Five Tool Negotiator: The Complete Guide to Bargaining Success
"A must-read for lawyers, business people, and other professionals wanting helpful negotiation advice." -Robert Mnookin, author of Bargaining with the Devil: When to Negotiate, When to Fight

"As social creatures, we are always trying to influence each other. Russell Korobkin’s book lays out five techniques that anyone can use to ensure you get what you want and leave enough on the table so others win, too. The book moves quickly, is full of examples, and provides step-by-step actionable instructions to help you negotiate anything. Everyone needs this book." -Paul J. Zak, author of Trust Factor: The Science of Creating High-Performance Companies

From leading negotiation expert Russell Korobkin comes this revelatory guide that distills the keys to bargaining into five simple-yet-sophisticated tools that anyone can master.

The Five Tool Negotiator stands apart in a category saturated with breezy, self-help volumes as a compulsively readable and highly researched must-have for anyone looking to improve their bargaining skills. Nationally renowned UCLA law professor Russell Korobkin distills insights drawn from his decades of studying and teaching the keys to successful negotiations into five simple-yet-sophisticated strategies: Bargaining Zone Analysis * Persuasion * Deal Design * Power * and Fairness Norms.

Incorporating lively anecdotes and fascinating social science experiments, Korobkin brings to life concepts from the disparate fields of psychology, economics, and game theory. Designed for use at both the flea market and in the C-suite, this game-changing, universal approach provides a formula that a savvy reader can implement immediately:

· Tool #1, Bargaining Zone Analysis, enables you to identify the range of agreements that will benefit both parties.
· Tool #2, Persuasion, convinces your counterpart that reaching an agreement will benefit them more than they otherwise would have recognized, making them willing to give you more.
· Tool #3, Deal Design, structures the agreement in ways that increase its value to both parties.
· Tool #4, Power, forces your counterpart to agree to terms relatively more desirable to you.
· Tool #5, Fairness Norms, enables you to seal a bargain that both parties can feel good about.

From negotiating the price of a used car to closing a multimillion-dollar merger, Korobkin meticulously explains how to answer the following questions that arise in every negotiation: Should you make the first offer or let the other side go first? What makes some proposals seem more fair than others? How do you decide whether to accept an offer, reject it, or make a counteroffer? When should you propose an unusual agreement structure? What steps can you take to make a bluff believable?

Readers will come away with a roadmap to becoming a truly complete negotiator, able to understand bargaining as both a strategic and social activity. Intuitively accessible and reassuringly persuasive, The Five Tool Negotiator promises to be a classic in the art of bargaining strategy.

"1137022223"
The Five Tool Negotiator: The Complete Guide to Bargaining Success
"A must-read for lawyers, business people, and other professionals wanting helpful negotiation advice." -Robert Mnookin, author of Bargaining with the Devil: When to Negotiate, When to Fight

"As social creatures, we are always trying to influence each other. Russell Korobkin’s book lays out five techniques that anyone can use to ensure you get what you want and leave enough on the table so others win, too. The book moves quickly, is full of examples, and provides step-by-step actionable instructions to help you negotiate anything. Everyone needs this book." -Paul J. Zak, author of Trust Factor: The Science of Creating High-Performance Companies

From leading negotiation expert Russell Korobkin comes this revelatory guide that distills the keys to bargaining into five simple-yet-sophisticated tools that anyone can master.

The Five Tool Negotiator stands apart in a category saturated with breezy, self-help volumes as a compulsively readable and highly researched must-have for anyone looking to improve their bargaining skills. Nationally renowned UCLA law professor Russell Korobkin distills insights drawn from his decades of studying and teaching the keys to successful negotiations into five simple-yet-sophisticated strategies: Bargaining Zone Analysis * Persuasion * Deal Design * Power * and Fairness Norms.

Incorporating lively anecdotes and fascinating social science experiments, Korobkin brings to life concepts from the disparate fields of psychology, economics, and game theory. Designed for use at both the flea market and in the C-suite, this game-changing, universal approach provides a formula that a savvy reader can implement immediately:

· Tool #1, Bargaining Zone Analysis, enables you to identify the range of agreements that will benefit both parties.
· Tool #2, Persuasion, convinces your counterpart that reaching an agreement will benefit them more than they otherwise would have recognized, making them willing to give you more.
· Tool #3, Deal Design, structures the agreement in ways that increase its value to both parties.
· Tool #4, Power, forces your counterpart to agree to terms relatively more desirable to you.
· Tool #5, Fairness Norms, enables you to seal a bargain that both parties can feel good about.

From negotiating the price of a used car to closing a multimillion-dollar merger, Korobkin meticulously explains how to answer the following questions that arise in every negotiation: Should you make the first offer or let the other side go first? What makes some proposals seem more fair than others? How do you decide whether to accept an offer, reject it, or make a counteroffer? When should you propose an unusual agreement structure? What steps can you take to make a bluff believable?

Readers will come away with a roadmap to becoming a truly complete negotiator, able to understand bargaining as both a strategic and social activity. Intuitively accessible and reassuringly persuasive, The Five Tool Negotiator promises to be a classic in the art of bargaining strategy.

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The Five Tool Negotiator: The Complete Guide to Bargaining Success

The Five Tool Negotiator: The Complete Guide to Bargaining Success

by Russell Korobkin
The Five Tool Negotiator: The Complete Guide to Bargaining Success

The Five Tool Negotiator: The Complete Guide to Bargaining Success

by Russell Korobkin

Hardcover

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Overview

"A must-read for lawyers, business people, and other professionals wanting helpful negotiation advice." -Robert Mnookin, author of Bargaining with the Devil: When to Negotiate, When to Fight

"As social creatures, we are always trying to influence each other. Russell Korobkin’s book lays out five techniques that anyone can use to ensure you get what you want and leave enough on the table so others win, too. The book moves quickly, is full of examples, and provides step-by-step actionable instructions to help you negotiate anything. Everyone needs this book." -Paul J. Zak, author of Trust Factor: The Science of Creating High-Performance Companies

From leading negotiation expert Russell Korobkin comes this revelatory guide that distills the keys to bargaining into five simple-yet-sophisticated tools that anyone can master.

The Five Tool Negotiator stands apart in a category saturated with breezy, self-help volumes as a compulsively readable and highly researched must-have for anyone looking to improve their bargaining skills. Nationally renowned UCLA law professor Russell Korobkin distills insights drawn from his decades of studying and teaching the keys to successful negotiations into five simple-yet-sophisticated strategies: Bargaining Zone Analysis * Persuasion * Deal Design * Power * and Fairness Norms.

Incorporating lively anecdotes and fascinating social science experiments, Korobkin brings to life concepts from the disparate fields of psychology, economics, and game theory. Designed for use at both the flea market and in the C-suite, this game-changing, universal approach provides a formula that a savvy reader can implement immediately:

· Tool #1, Bargaining Zone Analysis, enables you to identify the range of agreements that will benefit both parties.
· Tool #2, Persuasion, convinces your counterpart that reaching an agreement will benefit them more than they otherwise would have recognized, making them willing to give you more.
· Tool #3, Deal Design, structures the agreement in ways that increase its value to both parties.
· Tool #4, Power, forces your counterpart to agree to terms relatively more desirable to you.
· Tool #5, Fairness Norms, enables you to seal a bargain that both parties can feel good about.

From negotiating the price of a used car to closing a multimillion-dollar merger, Korobkin meticulously explains how to answer the following questions that arise in every negotiation: Should you make the first offer or let the other side go first? What makes some proposals seem more fair than others? How do you decide whether to accept an offer, reject it, or make a counteroffer? When should you propose an unusual agreement structure? What steps can you take to make a bluff believable?

Readers will come away with a roadmap to becoming a truly complete negotiator, able to understand bargaining as both a strategic and social activity. Intuitively accessible and reassuringly persuasive, The Five Tool Negotiator promises to be a classic in the art of bargaining strategy.


Product Details

ISBN-13: 9781631490200
Publisher: Liveright Publishing Corporation
Publication date: 04/06/2021
Pages: 304
Sales rank: 1,117,929
Product dimensions: 5.50(w) x 8.30(h) x 1.20(d)

About the Author

Russell Korobkin is a law professor at the University of California, Los Angeles; negotiation trainer; mediator; and author of Negotiation: Theory and Strategy, a leading textbook in the field. He teaches and writes about negotiation, dispute resolution, contracts, and the intersection of law and human behavior.

Table of Contents

Introduction 1

Tool #1 Bargaining Zone Analysis

1 A Tale of Two Pitchers 7

2 Decision Analysis 101 14

3 Advanced Decision Analysis I: Investigating Plan B 20

4 Advanced Decision Analysis II: Comparing the Differences 23

5 The Other Side of the Bargaining Zone 32

6 Then What? 36

Tool #2 Persuasion

7 Who Goes First? 42

8 We Are All Salespeople 47

9 Thinking Fast 51

10 Two Sides of the Same Coin 55

11 One Size Doesn't Fit All 59

12 Compared to What? 63

13 Dropping Anchor 68

14 Losses versus Gains 72

15 Rose-Colored Glasses 76

16 Prominence and Probability 82

17 Following the Crowd 85

18 Wanting What We Can't Have 90

19 Preferences about Preferences 95

20 The Likability Bonus 98

Tool #3 Deal Design

21 Creativity in Negotiation 103

22 Wine, Wool, and the Wealth of Nations 105

23 Roulez les Bon Temps 110

24 Divide and Subtract 115

25 Logrolling 121

26 Solving the "Lemons" Problem 125

27 Discouraging Shirking 130

Tool #4 Power

28 Hard Bargaining at the Olympics 137

29 A Beautiful Mind 142

30 Bluffing 146

31 Playing "Chicken" 155

32 Reputation and Rationality on the High Seas 160

33 Warm Lemonade and the Power of Patience 165

Tool #5 Fairness Norms

34 Ultimatums and Dictators 173

36 Convention 180

37 The Role of Market Price 189

38 Points of Comparison 194

39 Dancing through the Bazaar 199

40 Where You Stand Depends (Sometimes) on Where You Sit 207

Using the Toolkit

41 A Complete Set of Tools 213

42 Using the Five Tools Together: An Example 216

43 The Orientation Decision 226

44 Negotiation as a Prisoner's Dilemma 231

45 Who and When to Trust 237

46 Trust-Building Strategies 247

47 The Importance of the Stakes 253

Coda

48 How to Continually Improve Your Skills 259

Acknowledgments 263

Notes 265

Index 283

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