Nothing but negotiation

The Gap Partnership

Firms should not be 'too greedy' during business negotiations

Taking too much from negotiations can backfire

18 October 2010

Firms should not be too greedy during business negotiations as it could result in the deal collapsing, it has been claimed.

Although many negotiators will be tempted to gain all they can from talks without making any concessions, one expert believes this can backfire.

Gregg Williams, a negotiations trainer, expressed his belief that companies should try and put themselves in the other side's position and not aim to simply gain in the short-term.

He wrote on "When negotiating, don't let greed, or the allure of it, block future opportunities. Exercise balance when comparing today's gains against tomorrow's prospects."

Mr Williams added that negotiators should also pause discussions briefly to confirm that their counterparts understand their position and do not perceive them as taking too much as part of the deal.

Companies can also consider implanting a strict time-limit on proceedings as "people tend to negotiate more earnestly as they feel the pressure of time ebbing away," he said. 

Gap News

March 2014

The Negotiation Roadshow 2014

Generating value through creative negotiation

Read more

July 2013

Trading Global: Negotiating in the Far East

The Gap Partnership are hosting a complimentary Lunch & Learn seminar in association with UK Trade & Investment

Read more

April 2013

GroceryAid Negotiation Event Raises £26,550

The Gap Partnership, in conjunction with Asda, SC Johnson and Waitrose, host one-day negotiation workshop

Read more

February 2013

Trading Global - Negotiating in the Far East

What is the impact of cultural differences on your negotiations?

Read more

December 2012

The Gap Partnership Release New Negotiation Video

The Nothing but Negotiation video series continues with collaborative negotiation

Read more