Concept
Anchoring
The negotiation tactic of stating an initial number or position first to set the reference point around which the rest of the discussion revolves; the party who anchors higher (within reason) tends to land a better final outcome.
Anchoring
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Related Practices6
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… This is another reason that anchoring to a number too early is tough. " Right?
Concept
Anchoring
The negotiation tactic of stating an initial number or position first to set the reference point around which the rest of the discussion revolves; the party who anchors higher (within reason) tends to land a better final outcome.
Related Concepts2
Related Frameworks2
Related Practices6
Ask about this concept
Transcript mentions
… This is another reason that anchoring to a number too early is tough. " Right?