{"id":1613,"date":"2010-10-18T20:10:00","date_gmt":"2010-10-18T20:10:00","guid":{"rendered":"http:\/\/localhost\/projects\/horsesforsources\/strange-things-happen-101810\/"},"modified":"2010-10-18T20:10:00","modified_gmt":"2010-10-18T20:10:00","slug":"strange-things-happen-101810","status":"publish","type":"post","link":"https:\/\/www.horsesforsources.com\/strange-things-happen-101810\/","title":{"rendered":"Strange Things Happen at the Negotiation Table"},"content":{"rendered":"<div id=\"attachment_4745\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4745 \" title=\"The Negotiation Table\" src=\"http:\/\/www.horsesforsources.com\/wp-content\/uploads\/2010\/10\/The-Negotiation-Table.jpg\" alt=\"\" width=\"300\" height=\"225\" \/><\/p>\n<p class=\"wp-caption-text\">Do you have any idea what you&#39;re committing to?<\/p>\n<\/div>\n<p><strong>According to HfS analyst <\/strong><a href=\"http:\/\/www.horsesforsources.com\/meet-the-team#esteban\" target=\"_blank\" rel=\"noopener\"><strong>Esteban Herrera<\/strong><\/a><strong>, he&#8217;s seen weeping, object-throwing, suicide threats, uncontrollable roll-on-the-floor laughter, walk-outs both staged and unplanned, and even a handstand. <\/strong><\/p>\n<p>So let&#8217;s hear more from Esteban about about that strange place &#8211; the <em>negotiation table<\/em>&#8230;<\/p>\n<p>As an outsourcing advisor for about a decade, my favorite part of any deal was the negotiations phase. Now, I realize that for many of you, that sounds like a serious illness, but it was, without a doubt, where I had the greatest impact in building a healthy relationship between two enterprises that would actually last. I\u2019ve had the opportunity to work with some great attorneys, colleagues, clients and providers. I\u2019ve also worked with some that would not be accurately described by the last sentence. With triple-digit deal negotiations behind me, I\u2019ve learned a few tricks of the trade, including how to manage my famously fiery temper!<\/p>\n<p>There are hundreds of great books on negotiating theory and practice, and HfS is not here to rewrite any of them, but we can shed some light on how to apply these tactics successfully in an <em>outsourcing<\/em> negotiation. A big part of it comes from <a href=\"http:\/\/www.horsesforsources.com\/expression-barrier_092810\">saying what you mean<\/a>, but it also requires accepting that buying outsourcing is not like buying a car, or toilet paper, and that your experience at the local Chevy store or purchasing MRO may not give you enough to be successful.<\/p>\n<p><strong>Negotiations need not be miserable:<!-- pagebreak --><br \/>\n<\/strong><\/p>\n<ol>\n<li>I once negotiated an applications deal in a day and a half.\u00a0 There were five people in the room. The entire contract including all exhibits was less than 100 pages. That relationship is in its fifth year, has been renewed, and is working out great by both parties\u2019 accounts.<\/li>\n<li>I may be the only advisor to ever agree to help clients negotiate on a fixed price basis. It can and has been done, and it aligns your interests with the advisors very well.<\/li>\n<\/ol>\n<div id=\"attachment_4746\" class=\"wp-caption alignleft\"><a href=\"http:\/\/www.horsesforsources.com\/meet-the-team#esteban\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-4746\" title=\"Esteban_herrera-2010\" src=\"http:\/\/www.horsesforsources.com\/wp-content\/uploads\/2010\/10\/esteban_herrera-2010.jpg\" alt=\"\" width=\"181\" height=\"273\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Esteban Herrera, SVP Enterprise Sourcing Research<\/p>\n<\/div>\n<p>That said, I do believe most enterprises undervalue the importance of expert advice at the negotiating table\u2014the people on the other side of the table do this for a living, whereas even the most outsourcing-leveraged enterprise doesn\u2019t negotiate much more than a deal or two per year.<\/p>\n<p>Overall, we\u2019ve made contracts and process to get to them more complicated than they need to be. I once showed an astute client who had been living in a hellish ITO relationship for almost five years the thousands of pages of wonderful artifacts my firm would produce. He said \u201cI had those last time, and look where it got me!\u201d He made an excellent point\u2014it\u2019s not the detail in the agreement that will make a relationship tick\u2014it\u2019s the commitment and the individuals who live it every day. HfS Research is committed to helping our clients conduct simple, productive, relatively painless negotiations.<\/p>\n<p><strong>To read our Best Practice report on <\/strong><a href=\"http:\/\/www.horsesforsources.com\/wp-content\/uploads\/2010\/10\/Outsourcing-Negotiations-for-the-Real-World1.pdf\" target=\"_blank\" rel=\"noopener\"><strong>Real World Negotiations<\/strong><\/a><strong>, click here. And feel free to share your war stories too!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do you have any idea what you&#39;re committing to? According to HfS analyst Esteban Herrera, he&#8217;s seen weeping, object-throwing, suicide&#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48,81,832],"tags":[],"ppma_author":[19],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Strange Things Happen at the Negotiation Table - Horses for Sources | No Boundaries<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.horsesforsources.com\/strange-things-happen-101810\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Strange Things Happen at the Negotiation Table - Horses for Sources | No Boundaries\" \/>\n<meta property=\"og:description\" content=\"Do you have any idea what you&#039;re committing to? 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