JamDung Entertainment Management, LLC

JamDung Entertainment Management, LLC
JamDung Entertainment Management, LLC

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Monday, May 13, 2013

Negotiating and Deal Making


Farley Joseph

Farley Joseph is the CEO and Founder of DianJen Media Company located in Trinidad and Tobago. Farley is a graduate of the University of the West Indies St. Augustine campus (UWI), with a Bachelor of Arts degree in Musical Arts and has also earned a Master of Arts degree in Music Business with concentration in music technology at New York University (NYU). In my interview with Mr. Joseph, I posed four questions in relation to negotiations and deal making, which are as follows.

How do you separate the people from the problem when you are negotiating?

“I always try to approach all negotiations in a friendly manner and also try to understand the position of the opposing party, and why they feel so strongly about advancing and achieving their wants. This helps to clear the path for a respectful negotiation that is focused on deriving results acceptable to all.”

How do you handle positional bargaining tactics?

“I prefer more of an interest-based approach to negotiation. Hence, I might choose not to respond to some positional tactics and always try to highlight the problems that exist and the importance of finding a solution speedily.”

Can you give me an example of how you worked toward mutual benefit when you were negotiating a deal?

“I have tried many times to identify my interest as well as those of the opposing party as it pertains to the deals at hand. Then I try to have an amicable discussion with the other party on my wants in relation to theirs and we have been able to find successful compromise.”

Do you always use objective criteria when negotiating deals?

“The majority of times I try to use objective criteria however sometimes emotions become involved and clouds the judgment when negotiating.”

Thank you, Farley for your valuable view points on negotiating and deal making. I wish you all the best with DianJen Media, especially as you negotiate deals for your clients.