Thoughts and Insights by Michael Gregory

Negotiations

five male and female professional dress in silhouette
August 1st, 2022

Business valuers, the IRS, and conflict resolution – Part 1 Setting the stage

This is the first in a six part series looking at this topic. Today the focus is on expert witnesses in federal court sessions having various rules to follow regarding their expertise and reports. Given these rules how can an expert demonstrate leadership, help with dispute resolution, or conflict resolution working with the client or client’s representative to resolve the case with the other party and the other expert? Business valuers are taught to be advocates for their position and not for their client. They are to be independent. Only a small number of cases actually make it to court. The question is how does an expert witness such as a business valuer serve their client best with an out of court settlement? This last question will be addressed in a future monthly blogs.

Four people in a negotiation
July 25th, 2022

Does lying in collaborative business deals really pay off?

As a promoter of collaboration, a mediator, a conflict resolution specialist, and a person that teaches ethics and negotiations, I did not initially appreciate the title  of The Dark Side of Collaboration offered by Scientific America. However, the subtitle of  “People working together often scheme to put profits ahead of telling the truth. New research points out ways to stop this behavior” gave me hope. I found this article extremely helpful and enlightening. This commentary that follows shares some of the highlights of that article and offers some additional observations.

People sitting around a table with one person standing about to take away a signed document
July 18th, 2022

Do you know how to make concessions in a negotiation?

Part of daily work and home life is full of negotiations. When not addressed effectively these can result in conflict, disputes, frustration, and in some cases anger. So, the question becomes how can you truly negotiate and make concessions in a negotiation while de-escalating the situation and working with another party? Four strategies are presented to help you making effective concessions in a negotiation at work or at home.

Three figures arguing with various colorful on each image
May 15th, 2022

What does it mean to disagree well?

To encourage collaboration, healthy competition, and overcome conflicts and disputes one technique you can apply is to disagree well. You like many in our society today appreciate monologues that are provided to you by those with whom you agree to reaffirm positions, how smart you are, and how angry you should be with those that do not share that same perspective. The classic example in our society today has to do with reds and blues in our current political environment. Braver Angels offers an opportunity to overcome these differences with dialogue. This is one example of how to disagree well. The commentary that follows addresses the issue of what does it mean to disagree well.

Hand holding a deck of cards
May 8th, 2022

The games people play in negotiations and mediations and how to address them

To avoid conflicts and to help resolve disputes in a negotiation or a mediation it is important to know your Best Alternative to a Negotiated Agreement (BATNA) and to consider the other party’s BATNA in order to work to resolve the situation. Before entering into the situation knowing that if your BATNA is not met you will simply walk away gives you room to exercise your own power. Knowing that you have tried your best to work with the other side, but what has been offered will not be acceptable so you need to move on This article explores how knowing your BATNA and what to consider can help you in a negotiation. It is important to understand why negotiations fail.

Young lady in front of laptop biting her pencil
February 7th, 2022

Stress, health, aging, and conflict what do they have to do with each other and business valuation?

In many professions tight deadlines, being an expert witness, litigation, and other stressors impact your every day. The questions are what does this do to with your health? How does this impact your aging? What about conflicts at work? After some research in these areas here are some great ideas to help you with these issues and a personal insight related to business valuers.

Four yellow smiley face hanging balls about to be hit by a red angry face hanging ball
December 12th, 2021

This is how to manage emotions during a negotiation

We are very emotional beings. When you are in a negotiation those emotions can work for you or against you. If you are compassionate remaining calm, competent, and confident they work for us. If you become defensive, blame others or yourself, or even worse become angry, your negative emotions can take over. When that happens, you will not be thinking clearly. This can undermine your best of intentions. So, how can you make your emotions work for you in a negotiation? In short, prepare by being mindful before the negotiation. When possible, identify your emotional triggers, reinterpret the trigger, alter the emotion, and take appropriate actions. Now let us look each of these areas to make your emotions work for you in a negotiation.

A handshake with a host of small characters above the hands standing on top of the handshake
November 22nd, 2021

How to avoid conflict in negotiations

Understanding the roles and relationships in negotiations is critical for complex negotiations to avoid conflict. By taking the time to prepare each member of the negotiation to understand and fulfill their respective responsibilities is critical. As the negotiation unfolds members can adjust and modify their role as required in a negotiation based on their research and how the negotiation unfolds. There are steps you can take to avoid certain types of conflict in a negotiation. These are explored in this commentary.

October 22nd, 2021

How do you make uncomfortable situations comfortable?

We all must deal with people and stressful situations at work, home, and life.

Key elements associated with a negotiation
October 10th, 2021

To avoid conflict in negotiations here are four ways to offer concessions

In a negotiation it is important to know your own position, your interests, and what you may be w

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