Negotiating in the metaverse—it is more than just avatars

Abstract

In 2020, many companies had to adapt to virtual negotiations. Some did so more effectively than others. Now that in-person negotiation is possible again, people can use virtual negotiation spaces to save money, increase efficiency, support your team members, and improve the process. However, many companies do not know how to use the virtual spaces effectively. This article, written by a person who used virtual opportunities to negotiate long before the pandemic, offers advice and recommendations so that you can use the metaverse while preparing for, and undertaking, negotiations. From establishing "safe rooms" for document storage and sidebar conversations to "bio breaks" and decorating a virtual negotiation room, whether you use a single-space online system or a multi-floor virtual building, this article provides elements to consider and reminders to follow. You also receive caution about some of the new artificial intelligence assistants that may require legal or other approvals to use.