Negotiation Made Simple with Dr John Lowry

Unlearn

Dr. John Lowry, CEO of Thrivence, a management consulting firm based in Nashville, TN, joins Barry O'Reilly on this episode of the Unlearn Podcast to talk about John's journey from being a lawyer to teaching negotiation skills worldwide. John uses his diverse background in law, consulting, entrepreneurship, coaching, and university administration to bring a unique perspective to negotiation. He currently serves as the President of the Lowry Group and teaches at Pepperdine University's Straus Institute for Dispute Resolution. In this week’s show, John shares insights from his bestselling book, Negotiation Made Simple. He emphasizes the importance of understanding human motivations in negotiation and highlights that decisions are often influenced more by emotion and ego than reason. By focusing on interest-based negotiation and avoiding positional debates, negotiators can create win-win deals in both business and personal situations.

From Lawyer to Negotiation Specialist

98% of John’s work as a lawyer centered around negotiating settlements. “What I learned was, … most of the problems started as human problems, then they became legal problems,” John tells Barry. “And then the really sophisticated negotiators, they got them resolved as human problems again. And the litigation process didn't allow for the human element to come back in. It was only the negotiation process that allowed for that.” He became passionate about developing expertise in interest-based negotiation focused on the human problems underlying legal conflicts. He eventually started training others in these skills to facilitate deals and restore relationships earlier in disputes. He tells Barry that he focuses on negotiation more than litigation because "that was the process that brought healing to the injured party. That was the process that brought peace."

Understanding Emotional Triggers in Decision-Making

A study by Harvard Business School showed that only 30% of business investment decisions are based on reason or analysis; 70% are driven by emotion. The emotional trigger, in particular, was found to be related to ego—how individuals felt about themselves when contemplating doing business with the other party. This insight highlights the significance of emotions in decision-making during negotiations. Barry reflects on this, emphasizing the importance of understanding how much the other party likes you, as it plays a crucial role in the negotiation process.

Counterintuitive Negotiation

Barry asks John what we should unlearn to become sophisticated negotiators. “Negotiation is a very counterintuitive process,” John responds. He debunks the misconception that negotiations always end with a win-win or a friendly resolution. He defends teaching competitive negotiation, arguing that it prepares individuals for the reality of negotiating with counterparts who are ready to compete. Competition can be cooperative in certain circumstances, he comments, emphasizing the role of ritual and uncertainty in negotiation dynamics.

Looking Ahead

John believes that in the future, neuroscience will help us understand how emotions and psychology impact decision-making and negotiation results. While AI can make data analysis more efficient, it probably won't fully replicate the complexity of human interactions and the diverse interests involved. As Barry points out, humans still play a crucial role in setting machine parameters. However, the collaboration between humans and technology will keep advancing the field of neuroscience and negotiation.

Read full show notes at BarryO'Reilly.com

Resources

Dr. John Lowry on Website | LinkedIn | Negotiation Made Simple