MIT 15.667 · ADAPTED FOR COMMERCIAL LEADERS

Negotiation Mastery
for Commercial Leaders

MIT Sloan's negotiation curriculum, synthesised and adapted for carbon removal deals, fractional consulting, and commercial strategy. Six modules. Real frameworks. Applied to your world.

6
Modules
11
Sessions covered
4
Week practice plan
15+
Frameworks
Learning Path Overview
MODULE 1 · SESSIONS 1–2

Foundations of Negotiation

Sessions 1–2: Introduction · What Kind of Negotiator Are You?

The Seven Elements Framework

Developed by the Harvard Negotiation Project (Fisher & Ury), the Seven Elements is the foundational diagnostic tool used throughout MIT 15.667. Before any negotiation, you map all seven dimensions. Most people think only about two — positions and price. Professional negotiators work all seven.

The power of this framework is that it forces you to separate the surface argument (what they say they want) from the underlying need (why they want it). Once you understand the underlying need, options multiply.

ElementWhat it meansYour application
InterestsWhat each side actually needs — not the position they stateA carbon removal client says "we need a strategy." Their interest might be: board approval, regulatory compliance, PR positioning, or genuine decarbonisation. Find the real interest.
Alternatives (BATNA)Best Alternative To a Negotiated Agreement — your fallback if no dealBefore any fractional engagement call: "If this client says no, I approach [3 specific prospects]." Your BATNA IS your power.
OptionsPossible deals that satisfy both sides' interestsClient cannot afford your retainer? Options: reduced scope, milestone payments, equity + reduced fee, deferred payment with premium, success fee structure.
LegitimacyFair standards both sides accept — market rates, benchmarks, precedent"Fractional CROs at Series B typically charge £8,000–£12,000/month based on Vendux and RevenueCXO market data." External standards remove ego from price.
CommitmentWhat each side will actually do, spelled out in writingNever leave a call without: "So we have agreed X by Y date. I will send the engagement letter today." Ambiguity kills deals.
CommunicationHow you talk, listen, and manage the processStructured discovery calls (your Launch Kit script). Most consultants wing it. Process control = negotiation power.
RelationshipThe ongoing connection — trust, history, future valueCarbon removal is a small world. A client who says no today refers you tomorrow if the conversation was excellent.
"Separate the people from the problem. Focus on interests, not positions. Invent options for mutual gain. Insist on objective criteria." — Fisher & Ury, Getting to Yes (the four principles)

The Thomas-Kilmann Conflict Mode Instrument

Developed by Kenneth Thomas and Ralph Kilmann (1974), this self-assessment instrument identifies your default conflict-handling style. The course uses it in Session 2 to help students understand their natural tendencies — and where those tendencies help or hurt.

There are five modes, arranged along two axes: assertiveness (how much you pursue your own concerns) and cooperativeness (how much you pursue the other party's concerns). The skill is not in mastering one mode — it is in knowing which mode fits each situation.

ModeWhen to useWhen it backfiresYour scenario
CompetingQuick decisions needed; protecting core interests; you are right and it mattersDamages relationships; misses integrative opportunitiesWalking away from a lowball fractional offer that undervalues your work
CollaboratingBoth interests matter; relationship is long-term; complex issuesTime-consuming; overkill for small issuesDesigning a carbon removal commercial strategy with a new partner
CompromisingTime-pressed; moderate importance; roughly equal powerNeither side gets what they really wantSplitting a co-development arrangement or speaking fee
AvoidingTrivial issue; need time to think; cost of conflict exceeds benefitProblems fester; you lose by defaultA prospect clearly tyre-kicking — disengage gracefully
AccommodatingRelationship matters more than issue; you were wrong; building goodwillExploited; sets precedent of low ratesReduced fee for a strategic referral partner (but get something back)
⚠ THE CONSULTANT TRAP
Research cited in the course (Williams, 1983) shows most independent professionals default to Accommodating — discounting, over-delivering, accepting bad terms — because they fear losing the deal. This is a systematic bias that directly costs you money. Rule: Never accommodate on price without getting something of equal value (referral, testimonial, case study, longer commitment, faster payment).
EXERCISE — DO THIS WEEK
Before your next 3 client or prospect calls, write down on a single page:
  1. Their likely interests (3 — not their stated position, their underlying need)
  2. Your BATNA in one sentence ("If this fails, I will…")
  3. Three options you would accept (not just your ideal deal)
  4. One external standard or benchmark you can cite for legitimacy
Review your notes after each call. Did you miss any interests? Did your BATNA hold?

References:

MODULE 2 · SESSIONS 3–4

Distributive vs Integrative Bargaining

Sessions 3–4: Distributive Bargaining · Integrative and Mixed-Motive Bargaining · Ethics

The Pie Metaphor

This is the single most commercially important distinction in the entire course. Distributive bargaining is slicing the pie — fixed resources, my gain is your loss. Think procurement teams squeezing suppliers on price. Integrative bargaining is expanding the pie — creating value for both sides through trades where each gives something cheap-to-them but valuable-to-the-other.

Most fee negotiations default to distributive because both sides frame it as a price fight. Your job is to reframe it as integrative — shift the conversation from "how much" to "what structure creates the most value for both of us."

"In integrative bargaining, the goal is not to get the biggest slice of the pie — it is to make the pie bigger so both sides get more than they would have through distributive bargaining." — Lewicki, Essentials of Negotiation, Chapter 4

The 70/30 Finding

Williams (1983) studied legal negotiators and found roughly 70% are "cooperative" — they seek mutual gain. 30% are "competitive" — they treat every negotiation as zero-sum. The competitive types often win individual deals but lose relationships and referrals over time.

In carbon removal and fractional consulting, your reputation IS your pipeline. A single aggressive negotiation can close doors across an entire niche. Play integrative — unless the relationship is genuinely transactional and one-off.

Applied Scenario: Fractional CRO Rate Negotiation

See the difference between distributive (weak) and integrative (strong) approaches in a real fractional engagement negotiation:

DISTRIBUTIVE APPROACH (weak):

Client: "We were thinking £5,000/month."

You: "I charge £10,000."

Client: "That is too much."

→ Deadlock, or you discount to £7,000 and feel resentful. The pie shrank.

INTEGRATIVE APPROACH (strong):

Client: "We were thinking £5,000/month."

You: "I understand budget constraints. Let me ask — what would success look like in six months if we worked together?"

Client: "We would want to see pipeline triple and have a repeatable sales process."

You: "If I can deliver that, what would it be worth to the business?"

Client: "Well… a lot. But we cannot afford £10k/month upfront."

You: "What if we did £6,000/month base plus a performance element — say 2% of new revenue above your current baseline? If I deliver, you pay more. If I do not, you pay less."

→ Pie expanded. Both sides have upside. You aligned your fee to their success metric.

You giveThey give
Reduced base feePerformance bonus / equity / success fee
Shorter initial commitment (3 months)Higher monthly rate or longer renewal
Case study rights / testimonialDiscounted rate
Faster start (this week)Longer commitment (6 months)
Additional scope (team training, audit)Higher total fee

Ethics in Negotiation

Session 3 covers Lewicki's Chapter 7 on ethics — a topic most negotiation courses gloss over. The core question: what are you allowed to conceal, and what must you disclose?

Lewicki identifies four ethical standards people use: (1) Golden Rule — treat others as you want to be treated; (2) Universalism — would you want everyone to do this?; (3) Utilitarianism — greatest good for greatest number; (4) Distributive Justice — is the outcome fair?

The practical rule for consulting: you may not lie about facts, but you are not obligated to volunteer your BATNA or your minimum acceptable price. Strategic silence about your walk-away point is not unethical — it is competent.

EXERCISE — DO THIS WEEK
In your next fee discussion, do not quote a number first. Instead:
  1. Ask: "What would success look like in six months?"
  2. Ask: "What would that be worth to the business?"
  3. Then propose at least one integrative trade that ties your fee to their success metric — performance element, milestone payment, or scope-for-commitment swap
Notice how the conversation shifts from price to value.
MODULE 3 · SESSIONS 5–6

Styles, Culture & Emotional Intelligence

Sessions 5–6: Competitive vs Cooperative Styles · Cross-Cultural Negotiation · Emotional Intelligence

Competitive vs Cooperative Negotiators

Building on the Williams (1983) data from Module 2, Session 5 dives deeper into what drives competitive vs cooperative behaviour. Menkel-Meadow's research shows that cooperative negotiators consistently achieve better outcomes in long-term relationships — more referrals, repeat business, and willingness from the other side to share information.

Competitive negotiators win on individual transactions — they extract more value in a single deal. But they pay a long-term cost: counterparties become guarded, defensive, and less likely to refer. In fractional consulting, where 80%+ of new business comes from referrals, competitive negotiation is a strategic error.

The research also shows that expectations shape outcomes. If you expect the other side to be competitive, you become more competitive yourself — creating a self-fulfilling prophecy. If you expect cooperation and signal it, you elicit cooperation.

Cross-Cultural Dimensions

Session 5 addresses culture directly. The key insight: negotiation norms vary across cultures along several dimensions — directness (how explicitly you state positions), time orientation (deal-first vs relationship-first), hierarchy (who decides and how), and risk tolerance (how much uncertainty the culture accepts).

For carbon removal work — which is inherently international (UK, EU, US, Middle East, Africa, Asia) — this matters enormously. A UK board expects crisp, direct commercial language. A Middle Eastern partner may expect a relationship-building phase before business is discussed. A US client expects speed and decisiveness. A European client may expect thorough process documentation.

The mistake is assuming your negotiation style is universal. The skill is adapting your style without abandoning your interests.

Emotional Intelligence in Negotiation

Session 6 assigns Goleman's Emotional Intelligence (pp. 35–45, 148–163). The course argues that EI is not a "nice to have" — it is the single biggest predictor of negotiation success among experienced professionals.

Goleman's five components applied to negotiation:

EI ComponentIn negotiation
Self-awarenessYou notice your own emotional triggers — the client who makes you defensive, the price that makes you anxious. You cannot manage what you cannot name.
Self-regulationYou pause before responding. "Go to the balcony" (Ury). You do not let their emotion dictate yours.
MotivationYou are driven by your BATNA and interests, not by the need to "win" each exchange. You can tolerate short-term discomfort for long-term gain.
EmpathyYou read the room. You notice when the client is uncomfortable, excited, or hiding something. You ask questions that surface unspoken concerns.
Social skillYou manage the process — framing, pacing, temperature-checking. You make the other side feel heard even when you disagree.
"Managerial success depends primarily on social skills — the ability to read other people, manage relationships, and navigate emotional complexity." — Goleman, Emotional Intelligence (assigned pp. 35–45, 148–163)
EXERCISE — DO THIS WEEK
In your next negotiation, track your emotional state. Before, during, and after the call, write down:
  1. What was your emotional state going in? (confident / anxious / desperate / curious)
  2. At what moment did you feel a strong emotion during the call? What triggered it?
  3. Did you react or respond? (Reaction is automatic; response is chosen)
  4. What would you do differently if you could replay that moment?
This builds the self-awareness muscle. Do it for 5 conversations.
MODULE 4 · SESSIONS 7–8

Conflict Origins & Dispute Prevention

Sessions 7–8: Naming-Blaming-Claiming · Dispute Resolution Systems · Engagement Design

The Naming-Blaming-Claiming Chain

Felstiner, Abel, and Sarat (1980–81) identified the three-stage process through which a perceived problem becomes a formal dispute. This is the most important framework in the course for preventing conflicts before they escalate.

Stage 1 — Naming: "Something is wrong." A client senses unhappiness but has not articulated it yet. They feel the engagement is not going well but cannot point to why. This is the easiest stage to resolve — a simple check-in surfaces it.

Stage 2 — Blaming: "It is their fault." The client identifies a cause and assigns responsibility. "The consultant overpromised." "They are not delivering." At this stage, emotions are engaged and positions harden. Harder to resolve, but still possible with structured communication.

Stage 3 — Claiming: "I want redress." The client demands action — a refund, reduced fee, scope change, or termination. At this stage, you are in damage control. The relationship is at risk.

The insight: catch disputes at the naming stage and they rarely reach the claiming stage. This is why the bi-weekly temperature check (below) is so powerful.

Dispute Prevention System Design

Prof. Rowe's central thesis: most disputes are system failures, not people failures. If your engagement letter does not define scope, payment terms, and change mechanisms clearly, disputes are inevitable — regardless of how good the relationship is.

RiskPrevention mechanism
Scope creepEngagement letter with explicit scope, change-order clause: "Any work outside this scope is billed at £X/day"
Payment disputes50% upfront, monthly invoicing, late fee clause, "work pauses if invoice is >14 days overdue"
"We thought you would also do X"Week-one alignment memo: "Here is what I will deliver. Here is what I will not. Sign here."
Client changes contact personContract clause: "If primary contact changes, a 30-day re-alignment period applies"
Performance disputesWeekly written status reports. Both sides acknowledge receipt. Creates a paper trail.
Unspoken dissatisfactionBi-weekly 15-minute temperature check: "On a scale of 1–10, how are you feeling about this engagement?"
💡 THE 15-MINUTE RULE
Schedule a 15-minute "temperature check" call every two weeks with every client. Ask one question: "On a scale of 1–10, how are you feeling about this engagement?" If the answer is anything below 8, dig in immediately. This single practice prevents 90% of disputes from escalating past the naming stage.
EXERCISE — DO THIS WEEK
Review your current engagement letter or contract template against the risk table above. Add the missing clauses:
  1. Explicit scope definition with change-order clause
  2. Payment terms with late-payment trigger
  3. Week-one alignment memo process
  4. Bi-weekly temperature check scheduled into the engagement
If you do not have a contract template, this is your first priority. The Launch Kit includes one.
MODULE 5 · SESSIONS 9–10

Third-Party Intervention

Sessions 9–10: Conciliation · Mediation · Investigation · Arbitration · Difficult People

The Spectrum of Third-Party Roles

When two parties cannot resolve a dispute directly, a third party can help. But the type of third-party intervention matters enormously. The course covers four distinct roles, each with different power dynamics and appropriate use cases.

As a fractional commercial leader, you will sometimes be the third party — mediating between sales and marketing, between founders and investors, or between a client and their supplier. Understanding these roles helps you choose the right intervention.

RolePowerWhen to useYour application
ConciliatorLow — just opens communication channelsParties have stopped talkingReopening dialogue between a client's sales and product teams
MediatorMedium — facilitates but does not decideBoth sides want resolution but cannot get there aloneHelping two co-founders align on commercial strategy direction
InvestigatorMedium-high — gathers facts and reports findingsDispute hinges on disputed factsDiagnosing why a client's revenue declined — neutral fact-finding
ArbitratorHigh — imposes a binding decisionParties want a definitive outcomeRarely your role as consultant, but contract arbitration clauses matter

Moore's Mediation Process

Christopher Moore's The Mediation Process (assigned: Chapters 2, 6, 7) is the definitive text on mediation strategy. The course assigns it for Session 9 because mediation skills are directly transferable to consulting — you are constantly helping clients resolve internal conflicts.

Moore's mediation has distinct phases: opening (establishing ground rules and trust), issue identification (what are we actually disputing?), option generation (brainstorming without commitment), negotiation (trading and narrowing), and closure (formalising agreement).

As a fractional CCO/CRO, you run a compressed version of this every time you facilitate a commercial alignment session between departments. The key insight from Moore: never skip the issue-identification phase. Most failed mediations fail because parties jump to solutions before agreeing on what the problem actually is.

The Halliburton Benchmark System

Session 10 assigns the Halliburton Dispute Resolution Program as a benchmark case. Halliburton built an integrated dispute resolution system with multiple escalation tiers — from informal problem-solving to formal arbitration — giving employees and partners a clear path for any grievance.

For your purposes, the lesson is about building escalation paths into your engagements. If a client is unhappy, what happens? If you are unhappy, what happens? A simple escalation clause prevents disputes from festering:

ESCALATION CLAUSE TEMPLATE
"If either party has a concern about the engagement, they will raise it within 48 hours of identifying it. Concerns will first be discussed directly between the primary contacts. If unresolved within 5 business days, a 30-minute mediation call will be scheduled with a designated senior person from each side. If still unresolved, either party may invoke the termination clause (Section X)."
EXERCISE — DO THIS WEEK
Think of a current client situation where two parties are in conflict (could be within the client's organisation, or between you and the client).
  1. Which third-party role are you currently playing? (Conciliator? Mediator? Investigator? None?)
  2. Should you be playing a different role?
  3. Have you identified the real issue, or are you arguing about solutions before agreeing on the problem?
MODULE 6 · SESSION 11

Negotiating with Difficult People

Session 11: Ury's Five-Step Breakthrough Strategy · The Abrasive Personality

Ury's Five-Step Breakthrough Strategy

William Ury's Getting Past No is assigned in its entirety for Session 11 — the final session. Prof. Rowe calls it "arguably one of the two or three best books of its type." It is a practical, step-by-step system for negotiating with hostile, aggressive, or stalling counterparties.

The core problem Ury addresses: when someone attacks, your natural response is fight or flight. Both are reactions, not responses. Ury's five steps give you a structured alternative — a way to convert confrontation into collaboration without conceding your interests.

StepWhat you doApplied example
1. Go to the balcony Mentally step back. Do not react. Buy time. Name your emotion, then set it aside. Client says "Your fee is ridiculous." Pause. "I understand budget is a concern. Can you help me understand what you would consider reasonable, and what is driving that number?"
2. Step to their side Acknowledge their position without conceding. Listen actively. Do not argue. "You are right to be careful about costs at this stage. What would make you feel confident this investment is worth it?"
3. Do not reject — reframe Turn their attack into a problem to solve together. Change "me vs you" to "us vs the problem." Client: "We do not trust consultants." You: "That is exactly why I propose a 30-day pilot with specific deliverables and a money-back guarantee. If it does not work, you lose nothing."
4. Build them a golden bridge Make it easy for them to say yes. Save face. Let the solution look like their idea. "Based on what you said about needing board approval, what if I put together a one-page summary you can take to them? That way the decision is theirs, with all the information."
5. Use power to educate Do not threaten. Show them the cost of no agreement (their BATNA is worse than they think). "I want to be transparent — I have capacity for one more client this quarter. If we can agree terms by Friday, I can start Monday. If not, my next availability is October."
"The biggest mistake in negotiation is not the mistake of making a wrong move. It is the mistake of reacting instead of acting — of failing to get what you want because you are busy defending yourself." — William Ury, Getting Past No

The Abrasive Personality

Session 11 also assigns Harry Levinson's "The Abrasive Personality" — a classic study of a specific difficult-person type you will encounter in executive work: the brilliant but hostile leader who alienates everyone around them.

Abrasives are often high-performers who got promoted for technical brilliance but lack interpersonal skill. They compensate for insecurity with aggression. They view collaboration as weakness. They do not understand why people avoid them.

As a fractional commercial leader, you will work for and alongside abrasives. Ury's strategy is your toolkit — but Levinson adds a nuance: abrasives often respect competence more than charm. Do not try to win them over with warmth. Win them with expertise, directness, and results. Deliver value fast, communicate in data not feelings, and let results build the relationship.

EXERCISE — DO THIS WEEK
Think of a difficult negotiation or conversation you are avoiding. Apply Ury's five steps as a pre-mortem:
  1. Balcony: What is your emotional trigger with this person? What will you feel when they push back?
  2. Step to their side: What is their valid underlying concern? (Even hostile people have real concerns.)
  3. Reframe: How can you turn their objection into a shared problem?
  4. Golden bridge: What would make it easy for them to say yes without losing face?
  5. Educate: What is the real cost to them of no agreement?
Write your answers down. Then have the conversation.
DEEP DIVE · SESSIONS 3, 4, 6

BATNA: Your Negotiation Power Source

The single most leveraged concept in the course

What BATNA Really Means

BATNA — Best Alternative To a Negotiated Agreement — is your fallback position. It is not what you hope happens. It is the concrete, specific alternative you will execute if this negotiation fails.

Your BATNA determines everything: your confidence, your willingness to walk, your ability to hold price, and your emotional state during the negotiation. A negotiator without a BATNA is a negotiator who will accept bad terms.

BATNA LevelExamplePower
Weak"I need this client — I have no other prospects"You will discount. You will accept bad terms. You will feel resentful and the client will sense it.
Medium"I have 3 other active conversations"You can hold your rate. You can walk away if terms are genuinely bad. You feel calm.
Strong"I have a signed retainer at full rate starting next month, plus a waitlist"You negotiate from abundance. You set the terms. You say no to bad deals without anxiety.

Building Your BATNA Before Every Negotiation

1. The Pipeline Rule: Never negotiate with fewer than 3 active prospects. If you have 1 prospect, they have all the power. Three is the minimum for psychological leverage — even if the other two are not as attractive.

2. The Walk-Away Number: Before the call, write down the absolute minimum you will accept — in fee, in terms, in scope. If they go below, you leave. No exceptions. This number must be decided before you are in the room, when you are rational, not during the call when you are emotional.

3. The Alternative Plan: Write down: "If this client says no, I will [specific action]." Not "I will figure something out." A specific action: "I will call [Name], pitch [Company], and launch [Initiative] by [Date]."

CARBON REMOVAL SPECIFIC
Your BATNA in carbon markets is strengthened by having multiple revenue pathways: advisory clients, equity positions, speaking and education, productised services (like the Fractional Launch Kit), and carbon credit transactions. The more diversified your revenue, the less any single client negotiation matters — and paradoxically, the better terms you will get, because you are not desperate.
EXERCISE — DO THIS WEEK
For every negotiation in the next two weeks, fill out a BATNA card before the call:
  1. Pipeline check: How many active prospects do I have right now? (If <3, your job this week is prospecting, not negotiating.)
  2. Walk-away number: The absolute minimum fee/terms I will accept: £____ / [terms]
  3. Alternative plan: If this fails, I will [specific person to call + specific action to take] by [date]
  4. Emotional state: Am I negotiating from abundance or scarcity? (If scarcity, defer the negotiation until your pipeline improves.)
PRACTICE PLAN

Your 4-Week Practice Path

Reading frameworks is not enough. Negotiation is a skill — it requires deliberate practice.

1

BATNA & Interests

Before every call: Write down their interests (3), your BATNA (1 sentence), and three acceptable options. Do this for 5 calls. Review after each: did you miss any interests? Did your BATNA hold?

2

Integrative Trades

In every fee discussion, do not quote a number first. Ask what success looks like. Then propose at least one integrative trade — performance element, different scope, different commitment length. Notice how the conversation shifts from price to value.

3

Ury's Breakthrough

Next time a prospect or client pushes back on price or scope, do not react. Go to the balcony. Step to their side. Reframe. Practise the full five-step sequence on one real conversation. Write down what happened.

4

Dispute Prevention System

Review your current engagement letter against the Module 4 risk table. Add: scope clause, change-order clause, bi-weekly temperature check, and escalation path. If you do not have a contract template, build one this week.

REFERENCES

Complete Source Material

Core Textbooks (assigned in full or substantial sections)

  • Lewicki, R., Saunders, D. & Minton, J. Essentials of Negotiation. 2nd ed. Irwin, 2000. — Chapters 1–7, 9 assigned
  • Ury, W. Getting Past No: Negotiating with Difficult People. Bantam, 1992. — Entire book (Session 11)
  • Moore, C. The Mediation Process. 2nd ed. Jossey-Bass, 1996. — Chapters 2, 6, 7 assigned
  • Fisher, R. & Ury, W. Getting to Yes. Arrow, 1991. — pp. 5–14, 101–111 assigned; recommended in full

Key Papers & Articles

  • Thomas, K. & Kilmann, R. Thomas-Kilmann Conflict Mode Instrument. Xicom, 1974
  • Williams, G. Legal Negotiation and Settlement. West, 1983 — pp. 1–69 (the 70/30 study)
  • Felstiner, W., Abel, R. & Sarat, A. "The Emergence and Transformation of Disputes: Naming, Blaming, Claiming." Law and Society Review 15, 1980–81 — pp. 631–654
  • Rowe, M. "Options and Choice for Conflict Resolution in the Workplace." In Negotiation: Strategies for Mutual Gain. Sage, 1993 — pp. 105–119
  • Rowe, M. "Helping People Help Themselves: An Option for Complaint Handlers." Negotiation Journal
  • Rowe, M. & Bendersky, C. "Workplace Justice, Zero Tolerance and Zero Barriers"
  • Cavanagh, T. Business Dispute Resolution: Best Practices in System Design and Case Management. South-Western, 1999
  • Cutcher-Gershenfeld, J., McKersie, R. & Walton, R. Strategies for Negotiating Fundamental Change. 1996
  • Menkel-Meadow, C. "Toward Another View of Legal Negotiation"
  • Levinson, H. "The Abrasive Personality"
  • Goleman, D. Emotional Intelligence. Bantam, 1997 — pp. 35–45, 148–163

Full Course

MIT OCW 15.667 — Negotiation and Conflict Management →
Prof. Mary Rowe · Sloan School of Management · Spring 2001 · Graduate level

QUICK REFERENCE

Your Phone Reference Card

Negotiation Quick Reference

Before every negotiation
  • Their interests — what do they REALLY need?
  • My BATNA — what do I do if this fails?
  • Three options I would accept — not just my dream deal
  • My walk-away number — the absolute minimum
  • One integrative trade I can offer
During
  • Listen more than you talk (70/30 ratio)
  • Ask: "What would make this work for you?"
  • Never discount without getting something back
  • Reframe attacks as problems to solve together
  • Summarise agreement before ending
After
  • Send a written summary within 24 hours
  • Schedule the first temperature check
  • Note what you learned for next time
Ury's five steps (when under attack)
  • Balcony — do not react, pause
  • Step to their side — acknowledge without conceding
  • Reframe — us vs the problem
  • Golden bridge — make yes easy
  • Educate — show the cost of no deal

Adapted from MIT OCW 15.667 under Creative Commons BY-NC-SA 4.0.
Original course by Prof. Mary Rowe, MIT Sloan School of Management.
Applied scenarios and practice exercises original to this guide.