From the course: Boosting Your Negotiation Skills with Generative AI

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Negotiation planning and predictive modeling with AI

Negotiation planning and predictive modeling with AI

From the course: Boosting Your Negotiation Skills with Generative AI

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Negotiation planning and predictive modeling with AI

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- Planning and prediction are the backbone of successful negotiations. With AI, we can now analyze data, forecast outcomes, and refine strategies in ways that were impossible before. In this session, I'll show you how to use AI for negotiation planning and predictive modeling to gain a competitive edge. Great negotiations don't happen by chance, they happen by design. Planning ensures you understand the landscape while predictive modeling helps you anticipate challenges and opportunities. AI takes this to the next level, helping you stay one step ahead throughout the negotiation process. Predictive modeling uses AI to analyze past data, counterpart behavior, and market trends to forecast outcomes. For example, AI can predict how a counterpart might respond to different offers, identify potential deal breakers, or suggest alternative strategies that maximizes value. One of AI's greatest strength is scenario planning. By simulating different negotiation paths, you can test offers…

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