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Published: Aug 17 , 2015
Author: Stephen White

Last Wednesday evening was a bad time for two different groups of Londoners. At five o’clock the doors of several walk-in centres run by a high profile children’s charity called Kid’s Company closed for the last time, and thousands of children who depended on the charity for both physical and educational support were stranded. There had been suspicions about the financial affairs of this charity for some time – allegations that it was not well managed and that it was not in control of its finances. Central government was a major contributor and when the media picked up stories of financial irregularities they and other generous donors began to think twice about their funding... because the charity had virtually no reserves it had to close. It is unlikely to re-open, at least in its present form.

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Be Specific With What You Want

You are out for a drink and the bartender asks you – “What would you like?” to which you reply “Guess!”. “Alright then” he says, “How about a red wine?”. You shake your head to this and say “No, that’s not what I want. Guess again.” After much back and forth, the bartender is justifiably irritated and through gritted teeth he tells you “I have other customers I need to serve, you look like someone who would enjoy a refreshing Sauvignon Blanc so I’ll pour you one of those. Enjoy your night.” This is a silly analogy to what I observe every week in most negotiations. Often there is a lack of specific disclosure as to what it is that the party wants or they take a long time to bring this information forward...

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