Use of the “first right of refusal.”
A “first right of refusal” in an agreement can deliver a win-win outcome.
Satish Mehta is a corporate executive turned entrepreneur, and now an author. For corporations, he led five start-ups, four turnarounds, one acquisition & generated rapid growth seven times. His self-owned businesses include six start-ups of which two were acquired.
As a coach and consultant to senior executives, he helps Entrepreneurial and Corporate Startups gain funding, grow customers, revenue and profits. As an interim Executive, he creates and navigates high-performance teams; enter new markets, launch new products/services, and establish new channels and technology platforms.
He has worked in executive and consultant capacity at:
AT&T
Lucent
Telcordia
General Instruments
McKesson
Walbridge Construction
Signal Lake Venture Capital, and
several incubators and startups.
As an author, he is now sharing the lessons he has learned and the skills he has practiced over four decades all over the world.
His first book titled, "World is a bazaar, Life is a Negotiation," came out in 2017 and will be distributed to over 700 professionals he has trained in negotiation skills. He believes that these skills when applied are not just relevant to your professional life, they can improve all facets of lives of everyone.
A “first right of refusal” in an agreement can deliver a win-win outcome.
Convincing the more powerful party to negotiate
An uninspired compromise is not a “Win-Win.”
The skilled agent-negotiators can almost always lead parties to trade better and realize their goals.
Suppose a negotiation is at a deadlock. Can you objectively analyze the causes? Often there is a tendency to blame the other side’s opinions for the impasse. Such assumptions will not help a negotiation move forward. In my book, “The World is a bazaar. Life is a negotiation, ” I encourage the reader to ask […]
Most common trait of all successful leaders is their ability to negotiate skillfully
Most people assume cultural differences are between negotiators from two or more different companies or countries. Reality? Cultural differences exist between functional groups within a business, large or small. The business development team often complains that the technical organization is infatuated with a “maybe winner” rather than improving “proven winners” to win big. They argue […]
Mind chattering is the continuous narrative going on in our heads. It is the raw material for Sci-Fi writers. The Moon landing: Jules Verne’s 1865 novel From the Earth to the Moon depicted three people being sent to the Moon in a spacecraft from Florida – with some similarities to the actual mission 104 years […]