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Showing posts from August, 2011

Hey BATNA, BATNA, BATNA, swing!

In a "down" market, I have seen few principles as clearly as I have seen the principle of BATNA. What is it? It is the Best Alternative to a Negotiated Agreement. Said simply, it is your next best choice if this current deal falls through.

I'll never forget being in 9th grade in Greer, South Carolina. I was attending my first year of high school, which I began with much intrepidation. Towards the end of the year, a senior girl I had met invited me to her prom. Me? A 9th grader? I know what you're thinking - she must have been a dog! Did she have fleas? Did she kick her leg when I scratched behind her ear? Actually, she was pretty cute, just shy. My brother, who was a senior that year at the same school, was incredulous! How could his little brother be going to his prom? He begged my parents to not allow me to go, he bribed me, and maybe even threatened. At the end of the day, I still went. K (I'll protect her full name in case she is some huge re…