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HBR
F R O M T H E H A R V A R D B U S I N E S S R E V I E W
OnPoint
A R T I C L E
Does your company Turning Negotiation into
negotiate as if each deal
were a on e-off? Here’s how a Corporate Capability
a negotiation system can by Danny Ertel
energize your partnerships
and boost your profits.
New sections to
guide you through
the article:
• The Idea in Brief
• The Idea at Work
• Exploring Further. . .
P R O D U C T N U M B E R 5 3 9 4
T H E I D E A I N B R I E F Turning Negotiation into a Corporate Capability
Your firm probably negotiates thousands of To avoid this problem, you need a coordinated
times every year—from special customer deals approach to negotiation. By making some mod-
Dto supplier contracts to joint-venture partnering. est but systematic changes, you can help your
negotiators share information and start each
A single deal may not greatly impact your com-
deal understanding how it supports thefirm’s
pany’s fortunes. But taken together, they can
goals. The pay-offs? Smarter deals, stronger
make or break your bottom line. If individual
relationships with outside partners, and more
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