Psychological
Patience as Weapon
What it is
Using superior time tolerance to outlast the other party, who eventually concedes due to fatigue, deadlines, or the cost of continued negotiation.
How it works
Real-world examples
- •Insurance companies delaying claims processing until policyholders accept lower settlements out of financial desperation.
- •Large corporations stretching negotiations with small vendors who can't afford the cash flow disruption.
- •Real estate buyers making low offers and simply waiting while sellers' carrying costs mount.
Ethical guidelines
- ●Patience is fair play between equal parties; it becomes exploitative when used against parties under financial duress.
- ●Deliberately dragging out negotiations to exploit the other party's constraints is not good faith.
- ●Time is money — and deliberately wasting someone else's time for leverage is a cost imposed on them.
How to defend against it
- ►Understand your own time constraints and the other party's — whoever has less pressure has more power.
- ►Set explicit process milestones: "If we haven't reached agreement by X date, we will pursue alternatives."
- ►Develop alternatives that reduce your time dependency on any single negotiation.