Why Your BATNA is the Key to Negotiation Planning with George Siedel, Ep #361

<p>George Siedel—a Professor at the University of Michigan—wrote a great book called, “Negotiating for Success: Essential Strategies and Skills,” in which he shares the importance of planning. He believes so strongly in planning that he gives away numerous negotiation planning tools <em>for free.</em> </p> <p>In this episode of Negotiations Ninja, we cover planning in negotiation, the 4th and 5th key numbers for financial consideration, and how to understand and consider life goals when it comes to dispute resolution. George shares a shocking story at the end of this episode that you can’t miss. </p> <h2>Outline of This Episode</h2> <ul> <li>[2:05] Learn more about Professor George Siedel</li> <li>[3:55] How should we plan for a negotiation?</li> <li>[8:17] Is negotiation required in all circumstances?</li> <li>[10:47] The five key numbers in a financial negotiation </li> <li>[13:49] Why you need to prioritize your BATNA</li> <li>[16:25] Is overconfidence detrimental to a negotiation?</li> <li>[18:49] Considering your life goals</li> </ul> <h2>Resources & People Mentioned</h2> <ul> <li><a href="http://negotiationplanner.com/" target="_blank" rel= "noopener">FREE Negotiation Planning Tools</a></li> <li><a href= "https://www.amazon.com/Negotiating-Success-Essential-Strategies-Skills-ebook/dp/B00OE85SDS" target="_blank" rel="noopener">Negotiating for Success: Essential Strategies and Skills</a></li> </ul> <h2>Connect with George Siedel</h2> <ul> <li>Connect on <a href= "https://www.linkedin.com/in/george-siedel-25103410/" target= "_blank" rel="noopener">LinkedIn</a></li> </ul> <h2>Connect With Mark</h2> <ul> <li>Follow Negotiations Ninja on Twitter: <a href= "https://twitter.com/NegotiationPod" target="_blank" rel= "noopener">@NegotiationPod</a></li> <li>Connect with Mark <a href= "https://www.linkedin.com/in/markraffan/" target="_blank" rel= "noopener">on LinkedIn</a></li> <li>Follow Negotiations Ninja <a href= "https://www.linkedin.com/company/negotiations-ninja-podcast" target="_blank" rel="noopener">on LinkedIn<