Morning. Signing is the easy half. The people who have to deliver what you promised weren't in the room when you promised it.
Negotiation.
Signed Is Not Done
Name the last agreement you signed that under-delivered — scope grew, a service level nobody could meet got promised, an integration took three times as long — and then say who from the delivering side was in the room when those terms were agreed, because deal teams promise what delivery teams have to survive, and that bill gets paid every month of the contract by people who never saw the negotiation.
Danny Ertel worked with Roger Fisher at the Harvard Negotiation Project, co-writing the workbook to Getting to Yes, before co-founding Vantage Partners, a firm that advises companies on the agreements they sign by the hundred. In Harvard Business Review in November 2004 he published 'Getting Past Yes: Negotiating as if Implementation Mattered', and its argument is one dealmakers resist, because their incentives are built the other way. Organisations reward the close. The bonus, the announcement and the handshake all attach to signature, so negotiators optimise for terms extracted rather than value realised, then hand the contract to a delivery team that was never in the room and never agreed to anything in it. Ertel's remedy is to negotiate the deal you can actually run: bring the people who will run it into the process, and settle in advance how both sides will handle the surprises every long agreement produces. A concession the other side can't meet isn't a win.
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