In episode 155 of the Negotiations Ninja podcast, Martin Rand—the founder and CEO of Pactum AI—joined me to talk about the future of negotiation. More specifically, we touched on how he’s implementing AI to manage long-tail negotiations for large enterprises. But will AI expand? The evolution of AI in negotiation Will AI continue to evolve into something more complex? Will multi-variant negotiations with multiple stakeholders be possible? Martin points out that there are some non-intuitive…
Negotiating Venture Capital
Securing financing for a startup is a formidable task. Even for a seasoned veteran, obtaining financing can be daunting. Unfortunately, no set method works in every situation, but there are things you can to make it more successful. My recent guests on Negotiations Ninja, Alex Yakubovich and Stan Garber, are something of experts when it comes to securing funding. Together they have launched more than one startup, most recently procurement gamechanger, Scout RFP. Inevitably, there…
Negotiating International Trade
When approaching the topic of negotiation, it can be challenging to understand how it is practically applied to international trade. Not only do negotiation and politics coincide, negotiation lays the framework for much of what goes on behind the scenes of international trade deals. On the March 4th episode of Negotiations Ninja, Hampton Dowling, Managing Partner of The HCB Group, explains how negotiation is present within all political activity. “Negotiation is at the center of…
Negotiate the Process
So much can be said for preparation in negotiation, but even if you prepare, study, and have your questions ready, you can still hit a brick wall if you don’t negotiate the process, understand and set expectations, and agree to next steps. It’s quite dangerous to walk into a complex negotiation and begin shooting (even if you’ve prepared) without first discussing and agreeing to process on the things that will be negotiated, the sequence, and…
Who Makes The First Offer?
Should you make the first offer or should you let the other party make the first offer? There are two schools of thought here. The first says that you should always let the other party make the first offer. The second says that you should make the first offer. Both think they’re right, so which is actually right. Well, I’m not short on opinions, so allow me to weigh in on both. Always Let the…