Negotiating service contracts
Anchoring
Recognize that the first offer can serve as an anchor, and negotiate based on your research and desired outcomes.
Similar Situations
Decoy Effect
Choosing service providers: Understanding the decoy effect can help you select professionals, like doctors or contractors, without being swayed by strategically placed, less attractive options.
Halo Effect
Choosing service providers: Knowing the halo effect can help you make more informed choices when selecting professionals like doctors, lawyers, or contractors, by focusing on their qualifications and experience rather than personal characteristics.
Wardley's Pioneers, Settlers & Town Planners
Customer Service Improvement: Utilizing pioneers for service innovation, settlers for implementation, and town planners for continuous improvement enhances customer service quality.
Loss Aversion
Negotiating: Recognizing loss aversion can help you frame negotiations in terms of potential gains and losses to reach more favorable outcomes.
Morris Massey's Stages of Value Development
Customer service: Businesses can provide more personalized customer service by understanding their customers' values and preferences.
Outgroup Homogeneity Bias
Customer service: Being aware of outgroup homogeneity bias can help employees provide better service to customers from diverse backgrounds.
Plutchik's Wheel
Customer service: Understand the emotions of customers, allowing you to address their concerns more effectively and provide exceptional service.
Milgram Experiment
Customer Service: Empowering consumers to assert their rights and seek assistance from higher authorities when dealing with uncooperative service providers.
Big Five Personality Traits
Customer Service: Understanding different personality types can help customer service representatives adapt their communication styles to better serve diverse customers.
In-Group Favoritism
Customer service: Recognizing in-group favoritism can help you provide better customer service by treating all customers fairly and without bias.