Tuesday, November 3, 2009

The Rules of Diplomacy

After a few conversations that have happened in the past weeks, a topic came up in my "Pricing & Strategy Negotiations" class that I thought was very relevant to keeping life in order.

Obviously, the main topic of the class is pricing, setting prices, and negotiating prices. Just this past week we started studying a chapter over "Price Competition," talking about positive sum, zero sum, and negative sum games in relation to pricing. Finally, we arrived at the "Rules of Diplomacy." These rules entailed how to react to competitors and the price wars that happen in the business world. They made a lot of sense and seemed like they could be applied to life pretty easily. 

The rules are as follows:
1.) Make your intentions & capacities clear.
2.) Be Consistent.
3.) React quickly to threats directed towards important aspects of your life (markets or accounts in the pricing game).  
4.) Don't hold a grudge.

I tried finding a "real list" of some rules of diplomacy (other than the board game) online but had no luck. These are from my pricing text book.

I'm not saying that I follow these rules every second of my life. I will say that if one were to follow these as close as possible, especially in a relationship or their social life in general, a lot of problems could be solved or altogether removed.

Will I try to follow these? For Sure, I feel like I do pretty well with them at this point in my life as it is. 

P.S. I now have a twitter, I caved. My Twitter.


For your listening enjoyment. . . 

No comments: