The Five Tool Negotiator: The Complete Guide to Bargaining Success (Hardcover)

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"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.



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.

Praise For…


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

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

Russell Korobkin has long been a leading negotiation scholar and teacher. In this well-researched and lively book, he distills the essential negotiation knowledge that makes the difference between average and excellent performance at the bargaining table. Whether you need to buy a car, ask for a raise, or close on a multimillion-dollar joint venture, this book will guide you to a better deal.
— G. Richard Shell, author of Bargaining for Advantage: Negotiation Strategies for Reasonable People

When I sat down to read The Five Tool Negotiator, I expected a skeletal treatment of some well-worn tools of negotiation. But what I got was an extensive compendium of critical modern economic, psychological, and ethical research in the field translated, with a range of multiple examples, into a set of extremely usable tools.

— Deborah M. Kolb, coauthor of Negotiating at Work: Turn Small Wins into Big Gains
Product Details
ISBN: 9781631490200
ISBN-10: 1631490206
Publisher: Liveright
Publication Date: April 6th, 2021
Pages: 304
Language: English