The podcast discusses the differences between selling expertise and bargaining ethics, emphasizing the need to adapt bargaining approaches. It explores the conflicting ethics of selling and negotiating, contrasting the 'ideal school' with the 'poker school'. The chapter also highlights the significance of preparation, strategic approach, relationships, motivations, and emotional control in selling and negotiating.
Negotiating requires adapting bargaining ethics to match opponents, whether idealist, poker, or pragmatist.
Recognize the importance of relationships in negotiations and adjust tactics while maintaining ethical boundaries.
Deep dives
The Conflicting Ethics of Selling and Negotiating
The podcast explores the conflicting ethics of selling and negotiating. The hosts discuss the three schools of bargaining ethics: idealist, poker, and pragmatist. The idealist school emphasizes fairness, honesty, transparency, win-win outcomes, and long-term relationships. The poker school focuses on playing by the rules of the negotiation game, allowing for bluffing and strategic tactics. The pragmatist school takes a flexible approach, adjusting ethics based on the context of the negotiation. The hosts underscore the importance of recognizing that the ethical standards applied to selling expertise may not necessarily apply to negotiating with third parties.
The Importance of Shifting Approaches
The hosts highlight the need for practitioners to adapt their negotiating approach depending on the specific situation and the parties involved. They emphasize the value of being a shapeshifter, able to move between the idealist, poker, and pragmatist schools of bargaining ethics. They stress the importance of recognizing when to adjust tactics and mirror the behavior of the other party during negotiations, while still maintaining ethical boundaries. The hosts also discuss the relationship between selling and negotiating, noting that the sale is a sample of the engagement to follow, and that negotiating with third parties requires a different mindset.
The Role of Relationships and Strategies in Negotiating
The podcast delves into the significance of relationships in negotiating and highlights the role of pragmatism and adaptability in achieving favorable outcomes. The hosts emphasize the need to prioritize relationships with clients, where the idealist school of bargaining ethics aligns closely, and ensure that selling aligns with one's desired approach during the engagement. They outline that negotiating with third parties allows for greater flexibility, as the relationship dynamics may not be as vital. The hosts encourage practitioners to be prepared to employ strategies, demands, and mirroring tactics to navigate negotiations effectively with different parties.
Blair identifies the differences between the ethics of selling expertise and the three schools of bargaining ethics, and what happens when we don’t adapt our bargaining approach to match our opponents in the game of negotiation.