Glossary entry

English term or phrase:

BATNA

Hungarian translation:

TELA (tárgyalásos egyezség legjobb alternatívája)

Added to glossary by Bernadett Kalocsa
Jul 1, 2020 00:55
3 yrs ago
12 viewers *
English term

BATNA

GBK English to Hungarian Bus/Financial Business/Commerce (general)
Definition from TapRun.com:
Acronym for 'best alternative to negotiated agreement.' It is the next-most desirable choice a potential customer has with respect to your offering. The more alluring the BATNA, the lower your pricing power becomes. Note that 'doing nothing' can be a BATNA.
Example sentences:
BATNA is often used in negotiation tactics and should always be considered before a negotiation takes place. It is never wise to enter into a serious negotiation without knowing your BATNA. (Corporate Finance Institute)
The power of your BATNA affords you the leverage to ask for more. If you don’t get what you’re looking for, then you can turn to your best alternative. A strong BATNA is like a warm, fuzzy insurance policy. A strong alternative provides you with two possibilities. Either you reach an agreement with more favorable terms, or you simply say “no deal,” because you have a good alternative plan. (Negotiation Experts)
This type of BATNA asymmetry can occur in several varieties (e.g., no BATNA vs. strong BATNA, or deals where the incentives on each side are completely different). A negotiator’s BATNA-based power in these situations is virtually meaningless as would be any corresponding strategy based on the same. (Harvard Business Review)
Change log

Jun 24, 2020 22:11: changed "Kudoz queue" from "In queue" to "Public"

Jul 1, 2020 00:55: changed "Stage" from "Preparation" to "Submission"

Jul 4, 2020 01:56: changed "Stage" from "Submission" to "Selection"

Jul 4, 2020 21:54: changed "Stage" from "Selection" to "Completion"

Jul 4, 2020 22:39: Bernadett Kalocsa Created KOG entry

Proposed translations

+3
22 hrs
Selected

TELA (tárgyalásos egyezség legjobb alternatívája)

Definition from Sulinet:
A tárgyalásos egyezség legjobb alternatívája (TELA, angolul BATNA) nem más, mint az a legjobb megoldás, ahogyan a másik fél közreműködése nélkül is érvényesíthetjük érdekeinket, kielégíthetjük szükségleteinket.
Example sentences:
Ezt nevezik Fisherék módszertanában a tárgyalási egyezség legjobb alternatívájának, azaz TELÁ-nak (eredetiben: Best Alternative To a Negotiated Agreement, azaz BATNA). (Portfolio)
Peer comment(s):

agree Agnes Torok
2 days 8 hrs
agree Peter Simon
2 days 22 hrs
agree Erzsébet Czopyk
85 days
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4 KudoZ points awarded for this answer.
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