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Negotiations with Monopolists

In: System of Negotiations

Author

Listed:
  • René Schumann

    (Negotiation Advisory Group GmbH)

  • Stefan Oswald

    (Negotiation Advisory Group GmbH)

  • Philippe Gillen

    (Negotiation Advisory Group GmbH)

Abstract

True, long-term monopolists are rare in procurement. But even if it happens in a particular case, its power to dictate the terms in negotiations is not unlimited. If the other side does not show any willingness to make concessions in a bilateral negotiation, there is a counter-strategy: Instead of competitive pressure, a whole range of consequences can be used, which can be threatened as a consequence if the monopolist does not cooperate. The individual steps for a successful bilateral negotiation are the precise preparation of the negotiation, the differentiation between the indispensable demands and the tradables suitable for an exchange, a clear negotiation mandate, a detailed storyline for the communication with the negotiation partner as well as a negotiation roadmap including a clear distribution of roles in the negotiation team.

Suggested Citation

  • René Schumann & Stefan Oswald & Philippe Gillen, 2023. "Negotiations with Monopolists," Springer Books, in: System of Negotiations, chapter 3, pages 75-111, Springer.
  • Handle: RePEc:spr:sprchp:978-3-658-40265-5_3
    DOI: 10.1007/978-3-658-40265-5_3
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