Story
Well known author returns the advance
You are the CEO of a publishing house. Your organization gave an advance of $200K to a well known author for writing a book.
The author completes the manuscript and submits for publishing. You like the draft but would prefer to publish a shorter version only.
You request the author to cut the number of pages to half since larger volume are not popular. The author refuses to oblige and offers to return the adance.
As a publisher, what will you do?
Share on
Similar Stories
Previous Ten
Car headlight bulbs need a change
You are taking your family, for a dinner.
When...
New Acquisition
You are the Vice President of a private...
Think on your feet
You have completed MBA from a top business...
Divide the cake
A farmer dies and leaves behind some property to...
Legal Action
You are the president of Egg Producing...
Would you play the coin flip game?
During Christmas holidays, you visit a casino...
Salary Offer
You had recently applied for a job. You wish to...
The elderly patient
An elderly patient is admitted in a hospital. His...
Guess the winning number!
A national newspaper has published a puzzle....
High cholesterol problem
The doctor has diagnosed high cholesterol in your...
Negotiation is an important life skill
We negotiate most of our waking hours. We negotiate with our team members, colleagues, bosses and vendors at work, with our kids, spouse and parents at home. We negotiate during buying or selling of an asset e.g. house, car and also conflict resolution and during salary negotiations. Negotiation is an important life skill and it contributes to our success.
If we do not negotiate well or don’t negotiate at all then there is a big chance that we are going to leave money on the table, which could have been ours. We often don’t negotiate because we feel it is inappropriate or feel uncomfortable and fear it.
“You don't get what you deserve. You get what you negotiate.” Chester Karrass
Sign In to share your comments
Your Comments