The Tim Ferriss Show

#721: Master Negotiator William Ury — Proven Strategies and Amazing Stories from Warren Buffett, Nelson Mandela, Kim Jong Un, Hugo Chávez, and More

2348 snips
Feb 13, 2024
William Ury, cofounder of Harvard's Program on Negotiation, shares his expertise as a negotiation guru. He recounts pivotal moments from the Camp David Accords to high-stakes dialogues with Kim Jong-un, emphasizing the importance of empathy and understanding interests. Ury discusses strategies for emotional management, the power of silence, and practicing respect in negotiations. He also introduces the concept of BATNA for confident decision-making and highlights the art of saying 'no' while maintaining positive relationships. Prepare to gain insights that can transform how you negotiate!
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ADVICE

Objective Criteria

  • Use objective criteria in negotiations to avoid contests of will.
  • Deferring to market rates or other standards can facilitate agreement.
ADVICE

Showing Respect

  • Showing respect is crucial; listen actively to demonstrate you value the other side.
  • Learn basic formalities in their language if possible.
ANECDOTE

BATNA in Action

  • William Ury helped a Brazilian businessman in a dispute with his partner by focusing on his BATNA.
  • This allowed the businessman to gain freedom and confidence in the negotiation.
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