Negotiation Advantage: Make the First Move
Nano Tools for Leaders® are fast, effective leadership tools that you can learn and start using in less than 15 minutes — with the potential to significantly impact your success as a leader and the engagement and productivity of the people you lead.
Contributor: Adam Grant, PhD, management professor, The Wharton School, University of Pennsylvania
The Goal:
Capture powerful negotiation advantages by knowing whether to make the first offer.
Nano Tool:
Most people believe that you gain a strong advantage in negotiations by letting the other party put an offer on the table first. By waiting for an offer, you receive valuable information about the other side’s bargaining position. But the overwhelming evidence actually favors the opposite strategy: there is usually much more to gain by making the first move yourself.