Using Anchoring as an Effective Negotiation technique

Anchor – effective negotiation Anchoring or focalism is a cognitive bias that describes the common human tendency to rely too heavily on the first piece of information offered (the “anchor”) when making decisions. During decision making, anchoring occurs when individuals use an initial piece of information to make subsequent judgments. Once an anchor is set, other judgments are made by adjusting …

Leadership and self-development – effective negotiation techniques

Effective negotiation techniques I admit that negotiating a better deal for my own self is not my strong-point.  I do understand the power of good negotiation and how you can leverage that skill to build solid business cases. Some of my friends are quite good at garnering great deals. I have observed them quite closely …