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WorksheetsCompetitive versus Problem-solving Strategies
Total questions: 10
Worksheet time: 5mins
Identify current economic and other benefits your firm seeks from the deal. Prepare to defend your firm's position.
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Define the long-term strategic interests of your firm. Prepare to overcome cross-cultural barriers to defining mutual interests.
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Look for weaknesses in your opponent’s position. Learn about your opponent, but reveal as little as possible.
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Give and demand to receive objective information that clarifies each party’s interests. Accept cultural differences in speed of response and type of information needed. Make firm but reasonable first offer.
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Provide as little information as possible to your opponent. Make your position explicit. Make a hard offer that is more favorable to your side than you realistically expect to achieve.
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Sign when the interests of your firm are met. Adapt to cultural differences in contracts when necessary.
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Begin with high initial demands. Make concessions slowly and grudgingly.
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Search for mutually acceptable criteria for reaching accord. Accept cultural differences in starting position and in how and when concessions are made.
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Sign only if you win and then ensure that you sign an iron-clad contract.
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Use dirty tricks and pressure tactics when appropriate to win.
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