Steven G. Blum

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To Be a Great Negotiator You Must Get Fully Prepared

February 12, 2015 By Steve

There are a great many practices, behaviors, and skills that set great negotiators apart from more typical bargainers. Indeed, enough to fill an entire book. 

 

Probably the single most important of these, however, is preparation.  To put it plainly, the best negotiators prepare fully and carefully for any important negotiation.

It is no surprise that negotiation professors emphasize this stage of the negotiation process so often and so emphatically.

If I were permitted to give you but one single piece of advice for improving your negotiating, it would be this: if you prepare fully for each negotiation, you will achieve better results.

It is that simple. As a general rule, the more prepared you are, the better your outcomes will be. In any important negotiation matter, take seriously the various acts of getting ready.  Prepare as would an actor before a big performance, an athlete before an Olympic match, or a lawyer before a major trial. Do your homework! Preparation is something within your reach that can directly improve your results.  It is there for the taking. Take it.

Filed Under: Negotiation

About Steve

Steven G. Blum has been teaching in the Department of Legal Studies and Business Ethics at the Wharton School of Business of the University of Pennsylvania since 1994.

In addition to teaching semester-long courses for undergraduate and MBA students, Mr. Blum has taught in Wharton Executive Education programs, lectured and consulted widely, and frequently leads seminars and educational forums. Mr. Blum has five times won the William G. Whitney Award for outstanding teaching.

He holds the degrees of Masters of Laws and Juris Doctor. He also earned a Masters Degree from the Harvard Graduate School of Education, and the Specialization in Negotiation and Dispute Resolution from the Program on Negotiation at Harvard. In addition to teaching and consulting, Steven maintains a practice of law and is a registered investment advisor. He has a strong research interest in the area of ethics and fiduciary duty. His book entitled Negotiating Your Investments was published by Wiley in April 2014.

Negotiating Your Investments: Use Proven Negotiation Methods to Enrich Your Financial Life (Hardcover)

Investing is best understood as a series of negotiations. The ability to conduct that bargaining with skill and confidence is worth a fortune. Read More

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