Posted by Stephen Wood on Tuesday, July 1, 2014 Under: WATNA
WATNA (Worst Alternative to a Negotiated Agreement) is a concept developed by Roger Fisher and William Ury of the Harvard Program on Negotiation. It was popularised in their book Getting to Yes (Random House Business Books, 3rd edition, 2012). The WATNA represents one of several paths which a party may follow if a settlement can not be reached.
Like its BATNA counterpart, the WATNA can be used to compare against the other options (including offers) available, to assist a party in making a more informed decision.
Stephen Wood is an ADR Group Accredited Civil & Commercial Mediator, an ADR Group Accredited Workplace Mediator, an ADR Group Accredited Online Mediator and a Consultant Litigation Solicitor. In 2017 Stephen was appointed to the Panel of Chairs of the Valuation Tribunal of England. In 2023 Stephen was appointed a Family Court Magistrate in Leicestershire.
Stephen has undertaken over 100 paid mediations.