The Point of the Deal: How to Negotiate When Yes Is Not Enough

Version: Unabridged
Author: Danny Ertel , Mark Gordon
Narrator: Erik Synnestvetd
Genres: Negotiation & Communication
Publisher: Gildan Media
Published In: May 2008
# of Units: 7 CDs
Length: 8 hours
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Overview

Why do so many deals that look good on paper end up in tatters? Deal makers often treat the handshake or signed contract-getting to "yes"-as the final destination in their bargaining journey rather than the start of a cooperative venture.

Even worse, most companies reward negotiators on the basis of the number and size of the deals they're signing, giving them no incentive to negotiate deals that actually work.

In The Point of the Deal, Danny Ertel and Mark Gordon explain how to transition from a deal-maker mentality (focusing on making the agreement) to an implementation mind-set (ensuring the deal generates value for your company after the ink on the contract has dried. The authors show you to:

Treat the deal as a means, not an end, by asking what you need from your counterpart over and above a "yes".
Consult stakeholders, determining whom you'll need to get to "yes" and beyond
Set precedents that will help guide joint behavior after you've signed the deal
Air your concerns-in ways that still get you to "yes" and beyond
Help your counterparts avoid overcommitting-maximizing the likelihood they'll be able to deliver on their part of the bargain
Run past the finish line-by articulating how you'll get from "yes" to your final destination



With a wealth of examples from multiple industries, countries, and functions, the authors illustrate how their approach to instilling an implementation mind-set works in all kinds of familiar contexts for business deals-including mergers and acquisitions, joint ventures, alliances, outsourcing arrangements, and customer and supplier relationships.

The Point of the Deal not only offers crucial advice for individual negotiators and teams, it also enables managers to treat negotiation as a critical business process that drives real value for their organizations.

"Ertel and Gordon are right: it's not only the deal that matters, but what happens afterward. The Point of the Deal provides practical advice on how to negotiate when implementation matters."
-Douglas L. Braunstein, Head of Americas Investment Banking, J.P. Morgan Securities, Inc.

"In this important and refreshing audio book, Ertel and Gordon remind us all: in every negotiation, know your purpose and don't forget it."
-Roger Fisher, Coauthor of Getting to Yes

Author Details

Author Details

Ertel, Danny

Danny Ertel is a founding partner of Vantage Partners and is a leading authority on negotiation, relationship management and conflict management. He was a Senior Researcher at the Harvard Negotiation Project, taught negotiation at the Univ. of Toronto Law Faculty, practiced law with Debevoise & Plimpton, and served as a law clerk to the Hon. Justice Harry A. Blackman on the U.S. Supreme Court. He co-authored "Beyond Arbitration, "which was the 1992 CPR Legal Program Book Award winner. He is also the co-author of "Getting Ready To Negotiate "(1995), and editor of "Negociacion 2000 "(1996). Dann