Difference between revisions of "Three Universal Currencies"

Revision as of 19:21, 27 August 2020

Three Universal Currencies

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-In [[The Personal MBA|The Personal MBA]] the ''Three Universal Currencies'' are 1) resources, 2) time and 3) flexibility.
+Three Universal Currencies
-=Key Points:=
-* In every negotiation there are three primary Currencies:
-** Resources. Tangible items like money, oil, etc.
-** Time.
-** Flexibility. The cost of not doing something else, which is a very real [[Opportunity Cost|Opportunity Cost]]
-* Focus on the appropriate trade-offs between the parties to find Common Ground in these Currencies.
-* By mixing these currencies in different ways, it’s easier to reach an agreement that the parties can agree with.
-=Questions for Consideration:=
-* Which of these currencies would you most like to increase?
-* How can you trade for more of what you value?
-Source: http://book.personalmba.com/3-universal-currencies/
 [[Category:mbi]]