I Lost The ESPN Deal Because I Didn't Ask For Help
December 20, 2024

Leveraging Relationships in Negotiation: Executive Leadership Strategies for High-Stakes Situations

As a negotiator and executive, relationships often play a central role in decision-making. But what happens when emotions tied to those relationships cloud your judgment? For executive leaders, mastering the balance between leveraging relationships and staying objective is a critical skill, especially when navigating C-suite development strategies and high-stakes negotiations.


Understanding the Role of Relationships in Executive Negotiation: In executive leadership training programs, we often discuss how leveraging relationships can foster trust, creativity, and positive outcomes. But it’s essential to avoid being clouded by emotions. For leaders in advanced leadership courses, understanding when and how to lean into a relationship without losing objectivity can make or break a deal.


How Emotions Can Impact C-Suite Decisions: I learned this lesson the hard way.


For five years, we had been providing services to ESPN, managing their broadcast signal delivery across the U.S. This contract was not only lucrative but served as a key reference for new business—a testament to our reliability. When negotiating the renewal, I had built a strong relationship with my ESPN counterpart. We knew each other well, both personally and professionally.


But as the leadership skills for executives dictate, relationships in business must be navigated carefully. During the renewal discussions, I misinterpreted the urgency when my contact suggested we make a more aggressive offer. My close relationship with him clouded my judgment, and I assumed the deal was secure. I didn't escalate the issue to my boss, which ultimately led to ESPN deciding to bring the service in-house.


Key Takeaway: In high-potential leadership traits, it’s vital to remain objective and recognize when personal relationships might be blurring your perspective. As part of any C-suite development strategy, understanding leverage in negotiations and decision-making is crucial.


Lessons Learned:


  1. Assume Defeat in High-Stakes Negotiations: Leadership transition coaching often emphasizes the importance of having a trusted advisor or coach, especially when emotions are involved. Don’t assume you’ll see everything clearly on your own. A coach can help you maintain objectivity, a key component in executive resilience training and strategic leadership development.
  2. Have a Strategic Plan: Chart out exactly what you want to achieve and the various routes to get there. Understanding your leadership pipeline development and the needs of the other party is essential. This is especially useful for executive leaders who regularly engage in high-stakes discussions that shape the future of their organization.
  3. Create Alternative Options: Knowing your BATNA (Best Alternative to No Agreement) and theirs allows you to think creatively and generate unexpected leverage (read more here from HBR on BATNA.) As executive coaching services often advise, thinking beyond the obvious solutions can open up new opportunities, especially during difficult negotiations.


Conclusion: Navigating relationships and emotions during negotiations is a crucial skill for anyone in executive leadership. For those in executive leadership workshops or advanced leadership courses, it’s important to refine these skills continuously. By incorporating transformative leadership techniques and staying aware of your blind spots, you can ensure you’re prepared for any negotiation, no matter how high the stakes.


In executive roles, you’ll often hear, “It’s just business, not personal.” But for many leaders, myself included, it’s always personal. Honoring the relationship while making the best decisions for the business is the delicate balance that all great leaders must master.



Takeaway: Whether you're part of an executive leadership training program or working with an executive coach, always plan for defeat and surround yourself with trusted voices. When you do win, it will be even sweeter.

Susie Tomenchok

Susie Tomenchok is a seasoned negotiation expert and professional development coach dedicated to empowering individuals with the negotiation know-how they need to advance in both their professional and personal lives. With years of experience in high-stakes negotiations and a passion for helping others, Susie provides valuable insights and actionable guidance through her blog. Her content focuses on enhancing communication, building strong networks, and mastering negotiation tactics.