C-Suite Network™

Menu
Search
Close this search box.

Category: Entrepreneurship

Categories
Best Practices Culture Entrepreneurship Health and Wellness Industries Leadership Technology

Future Insight: Changing the World with an Anticipatory Mindset

We are at a unique point in human history, marked by accelerating global change and enhanced by technological advances. We are always doing the impossible. Agile organizations learned how to change rapidly, but with change accelerating, we must go beyond agility and learn to anticipate disruptive problems before they happen.

A New Incentive

With over 500 known cycles that repeat, such as biological cycles, celestial cycles, and business cycles, and predictable linear changes, such as the retirement of aging Baby Boomers, there is a way to anticipate many of the problems we will have and pre-solve them before they happen. The good news is that there is a growing global supply of young, anticipatory minds paying attention to the Hard Trends with an interest in changing the world, now with a new incentive for them to anticipate ways to shape the future positively.

In celebrating its 350th anniversary in 2018, Merck KGaA of Darmstadt, Germany, pioneered the Future Insight Prize to stimulate groundbreaking science and innovative technologies for the benefit of humanity. With a targeted 1,000,000-euro grant, the inaugural Future Insight Prize winner of 2019 will be announced in July, marking the first of many prize winners over the next 35 years that both stimulate and honor achievements in science and technology key for humanity, namely health, nutrition, and energy.

The Pandemic Protector

The 2019 prize will be allocated in the field of pandemic preparedness, for work in anticipating a later realization of the visionary dream product coined as the “Pandemic Protector.” This breakthrough product begins with a clinical sample of a person infected with an unknown pathogen and produces an agent for cure or to prevent infection of others within a short, clinically relevant time frame. Researchers and entrepreneurs know we must anticipate, pre-solve and change in new, innovative ways in order to stay ahead of this problem.

First announced at Curious 2018, the first Future Insight conference, the event had more than 60 speakers, including six Nobel laureates, and was attended by more than 1,300 leaders from academic and corporate environments from all over the world. This announcement drew in more than 70 top scientists to the Future Insight Prize jury, collaborating to select the first year’s prize winner.

With antimicrobial resistance threatening the effective prevention and treatment of an always-transforming range of infections, this research is imperative for 2020 because the CDC estimates that in the United States alone, over two million people are sickened every year with antibiotic-resistant infections, with at least 23,000 deaths as a result. Worldwide, there is evidence of antibiotic resistance in bacteria that cause common and treatable infections, such as pneumonia.

The 2020 dream product is likely to build upon the 2019 “Pandemic Protector,” as innovators are already working to develop a series of novel, narrow-spectrum antibacterial agents capable of curing any bacterial infection without induction of drug resistance.

In yet another cumulative way, 2021’s prize is on the topic of dramatic population increase and how to sustain such an increase with innovative ways to produce food while avoiding compromising the integrity of our planet. Given the fact that the population is likely to hit 9.1 billion by 2050, overall food production must increase by 70% between 2005 and 2050.

The prize topics extend as far as 2022, which pertains to renewable sources of energy as to slow and ultimately cease the constant consumption of our natural resources for fuel. In conjunction with this concept, researchers hope to avidly avoid altering our atmosphere’s CO2, which will require us to utilize the sun in new and innovative ways.

Future Insight Prize

It is an honor for Burrus Research to partner with Merck to expand and advance the Future Insight Prize as a mainstream example of anticipatory innovation applied to the greater good of the human race. Professors and scholars of Harvard University, Princeton and many more Ivy League institutions are joining in to get as many innovative minds as possible focusing on pre-solving the world’s greatest challenges in the future sustainability of our planet by way of continuing research laying important foundations for the four published dream products as discussed here.

Change comes from the outside in, forcing us to react and manage crises. Transformation, on the other hand, whether it is business or personal, always comes from the inside out, and that gives us far more positive control while allowing us to actively shape the future. The Future Insight Prize is a perfect example of a company utilizing their available resources to anticipate and pre-solve global problems before they happen as they positively shape the future, not only for themselves but for the future of humankind. I believe it is imperative that attention is brought to this incredible opportunity for entrepreneurs and innovators alike.

The Curious2020 Future Insight Conference will take place July 13 -15, 2020 in Darmstadt, Germany, The Conference will run with plenary sessions followed by three parallel work streams with attendance from all over the world.

Categories
Best Practices Entrepreneurship Management Marketing Negotiations Sales Skills Women In Business

“Killer Insights That Will Make You A Better Negotiator” – Negotiation Tip of the Week

Click here to get the book!

“To be a better negotiator, learn how to negotiate better.” -Greg Williams, The Master Negotiator & Body Language Expert  (Click to Tweet)

“Killer Insights That Will Make You A Better Negotiator”

There are factors that determine the degree of success you’ll have in a #negotiation. Those factors are what will also make you a good #negotiator or one that’s significantly better. The following are a few of those #killer #insights and how to use them to your advantage in a negotiation. Using them will ensure that you have a #better negotiation outcome.

Negotiation Environment:

Where you negotiate can have hidden advantages for the person controlling that environment. But there are also ways to control an environment that you’re not in control of.

  1. Your environment – When you control the environment, you can control the temperature, lighting, and other creature features that would make one more comfortable while negotiating. If the negotiation becomes tense, you can increase or lower the temperature in the environment to coincide with the adjustments you want the other negotiator to make (e.g. he gets heated, you turn the room temperature up or down to make him hotter or colder).
  2. Not your environment – When you don’t have control of the environment, if things become intense, you can offer to change venues. If it’s accepted, you will gain the advantage of not being in the environment that the other negotiator controlled. Plus, he will have allowed you to take the lead simply by his acquiesces.

Negotiation Positioning:

The way you position yourself before a negotiation determines how someone perceives you – it will also play an important role in the way you’re treated. If you position yourself as a tough guy, a tough guy negotiator type may treat you harshly – that’s his form of protecting against you perceiving him as being weak. If you position yourself as being weak, the tough guy may attempt to take advantage of you, while the weak type of negotiator may become emboldened to become more aggressive.

For the best positioning, consider the negotiation style (e.g. hard, soft, meek, bully) that your opponent may use – and assess which negotiation style you should adopt to offset any advantages he might gain from negotiating in that manner.


Negotiation Strategies:

Control – You command a negotiation by the degree of control you exercise. When appropriate, you can give the impression that you’re led by the other negotiator – you might wish to do that to gain insights into where he’ll take you with his control. You might also do it to put him at ease – less powerful negotiators become fearful when they sense they’re up against a more knowledgeable negotiator – letting him lead will allay his fears of being dominated by you.

Offers – Some negotiators will insist on getting a concession for everyone they make. You don’t have to do that. Depending on the negotiator type you’re negotiating with, consider saving the chits you gain from making concessions and using them in a combined force (e.g. I’ve given you this and that and I’ve not asked for anything. Will you please give me this?) – Accumulating concessions in this manner and calling in the chits earned from them can become a very strong persuader for the other negotiator to make concessions. Just be sure not to grant too many of them before making your request. The more concessions you make without getting a return, the more likely it becomes that they will lose their full value.

 

No matter the type of negotiation you’re going to be in or find yourself in, using the above insights will improve your negotiation abilities. And, it will improve your negotiation outcomes. So, always be mindful of how and when you use them … and everything will be right with the world.

 

Remember, you’re always negotiating!

Listen to Greg’s podcast at https://anchor.fm/themasternegotiator

After reading this article, what are you thinking? I’d really like to know. Reach me at Greg@TheMasterNegotiator.com

 To receive Greg’s free “Negotiation Tip of the Week” and the “Sunday Negotiation Insight” click here https://www.themasternegotiator.com/greg-williams/

#killer #Insights #Negotiate #Process #Power #Powerful #Emotion #Business #Progress #SmallBusiness #Negotiation #Negotiator #NegotiatingWithABully #Power #Perception #emotionalcontrol #relationships #HowToNegotiateBetter #CSuite #TheMasterNegotiator #ControlEmotions

 

 

 

Categories
Best Practices Entrepreneurship Human Resources Marketing Negotiations Sales Skills Women In Business

“It’s Only A Moment In Time” – Negotiation Insight

“Time, something that you have as much of as you need – for the time that you have.” -Greg Williams, The Master Negotiator & Body Language Expert (Click To Tweet)

Click here and buy the book!

“It’s Only A Moment In Time”

Are you someone that has challenges with time?

Dammit, was the sound of exasperation that escaped her lips. She was going to be late, again. She wondered why she seemed to always have a challenge with time – she thought, it seems like I’m late for everything! I’ll probably be late for my own funeral. Oh well, I’ll deal with my tardiness later – she said into the air.

Here’s something to think about, everyone has the same amount of time. So, why are some people more successful than others? Answer – it’s the way they use their time. Successful people respect and use their time wisely – their use is to improve themselves and progress their goals. Sure, they take to relax, spend time with friends and loved ones. But, for the most part, they’re very respectful of how they utilize the time that they have.

Consider the following to improve your use of time. Doing so will improve your outlook on life. And, it’ll also allow you to become more productive.

 

Set Goals:

On huge waste of time is starting off to address something and not knowing if that’s the most important activity you should be engaged in. Sometime you may have ‘playtime’ that grips your imagination and steals you to another environment. But for the most part, if you have goals and you’re disciplined, you can’t combat those dastardly creatures. Plus, you’ll feel better knowing that you’re moving towards an end, goal, that will put you a step closer to a higher point of exhilaration.

 

Add Fudge Factor To Estimates:

Years ago, an associate said she always added a ‘fudge factor’ to her estimates when she estimated the time it might take to complete a task. She said, depending on the task she’d add a factor of two or three to her estimate – the range was based on her perception of the task’s difficulty. Thus, if she thought that a 10-minute task was easy to complete, she’d add a factor of two to her estimate – for planning purposes that allowed her 20-minutes to complete it. I asked what she did with extra time when a task didn’t take as long as she’d planned. She said that time was allocated to tasks that were in her ‘waiting to address’ folder – they were important. But not as important as the ones that had a higher priority.

 

Block Time:

To be more efficient with your time, when you’re engaged in an activity that requires concentration, set aside the amount time you want to address that activity and don’t let anything or anyone interrupt you during that time. You’ll save time by not having to restart where you left off from interruptions. That will allow you more time for other activities.

 

Time, it’s a fleeting measurement of movement. And yet, each moment of time is so important. Everyone has the same amount of it. What you do with it will allow you to progress to higher heights in life or not.  If you want to be someone that continuously moves forward, gets ahead in life, use time wisely. Don’t cheat yourself by misusing it. Once you embrace the usage of time in a more efficient manner, you’ll become more efficient … and everything will be right with the world.

 

 

What does this have to do with negotiations?

 

In a negotiation, time can be used as an ally or it can become your foe. It may quickly open a door of opportunity and slam it shut as fast if you’re not mindful of how you’re using it. Therefore, before engaging in a negotiation, plan exactly how you’ll use time. You might consider using it to apply a deadline for the other negotiator to accept an offer or make a concession – or to mark the timeframe as to how long you’ll negotiate.

Regardless of how you use your time when negotiating, measure it wisely as applied to the different stages you’re in versus where you thought you’d be. Doing that will give you a handle on time. Because it’ll keep you from negotiating past a point where doing so is less beneficial to you.

 

Remember, you’re always negotiating!

 

Listen to Greg’s podcast at https://anchor.fm/themasternegotiator

 

After reading this article, what are you thinking? I’d really like to know. Reach me at Greg@TheMasterNegotiator.com

 

To receive Greg’s free “Negotiation Tip of the Week” and the “Sunday Negotiation Insight” click here https://www.themasternegotiator.com/greg-williams/

 

 

#Negotiate #Power #Emotion #Business #Progress #SmallBusiness #Negotiation #NegotiatingWithABully #Power #Perception #emotionalcontrol #HowToNegotiateBetter #CSuite #TheMasterNegotiator #ControlEmotions #time

 

 

 

 

Categories
Entrepreneurship Leadership Marketing Personal Development

Innovation: The Yin and Yang of the 21st Century

Innovation: The Yin and Yang of the 21st Century

Over the past 20 years, there has been an increasing interest in the topic of innovation, and virtually every business, organization, and country espouses the virtues of innovation.

This is reflected in a recent survey published in The Business Journals which showed that the second biggest challenge facing companies was Increasing Profit. It reported 45% of business owners surveyed were looking to improve customer experience, launch new products, and expand into new markets. Innovation is the key to accomplishing these objectives.

However, desiring innovation is like wanting good government—everyone yearns for it, but how does one actually put in place a government that properly serves its citizens?

As many of you know, I am a noted Innovation Expert and I regularly write and speak on the topic of Innovation. Because of a growing desire by companies to explore how to become more innovative, for the next 12 months each of my monthly newsletters will address a different aspect of innovation.

From an overall perspective, the problem facing business owners and leaders across the world is how to utilize innovation to develop a strategic competitive advantage?

While the benefits of innovation are manifold and alluring, this benefit stream is riddled with many questions, like:

  • What is innovation?
  • Why innovate?
  • How do you initiate innovation?
  • How can a company create an innovative culture?
  • What are the steps to developing an overall innovation strategy?
  • How do you sustain your innovation efforts?
  • How can a business avoid being disrupted by outside innovations?
  • Why do some organizations’ innovation initiatives fail?
  • How can a company get its employees truly engaged in innovation?
  • Are there tools you can use to facilitate and speed innovation?
  • How does an organization properly encourage and reward innovation?

During the next year, I will address the above topics and many more.

We Have Moved from The Information Age to The Innovation Age

Hardly a day goes by without a major innovation or invention being introduced. However, these innovations or inventions don’t just happen. The truth is that innovation is incredibly complex, and it encompasses a number of aspects and components. If innovation was easy, the news would be filled with success stories like Google, Apple, and Amazon.

There is a specific process that enables an organization to effectively innovate on an ongoing basis. These upcoming newsletters will address the 10 steps that can be taken to transform an organization by applying 21st-century innovation to it.

To stay competitive today, the objective for any organization must be to create an innovation environment in which ideas germinate, grow to maturity and then yield a bountiful harvest.

Various thought leaders say we have moved from the Information Age to the Innovation Age, and companies that innovate faster than their competition will be the future winners. We see that all around us. New innovative companies are springing up almost overnight while other, more established organizations are struggling to survive.

Innovation and Market Disruption

A downside of emerging innovation is disruption, which has become a major force in the business marketplace. According to innovation expert, Clayton Christensen, disruption is caused by an innovation that totally changes an existing market, creates a new one or causes an existing business model or company to suddenly be undermined or become obsolete. This results in displacing market-leading firms or totally unbalancing established markets, products, or alliances. Listed below are some examples of disruption:

  • Online retailer Amazon has created massive problems for retailers who have physical stores.
  • Uber has disrupted the taxi, limousine, and shuttle-bus marketplace.
  • Google’s new autonomous car technology is changing the entire automotive market.

“Disruption Won’t Affect Me”

You may be thinking, “Disruption won’t affect me. It only affects big companies, so it won’t significantly disrupt my small company or organization.” But that is not correct. Disruption not only affects large industries; it impacts smaller and mid-sized companies as well. For instance, one of our clients, several million-dollar-a-year family-owned companies that pioneered the Bermuda sod industry in Georgia, is being disrupted by new, innovative organizations.

These companies are buying up small sod operations, consolidating them, and deriving cost savings and efficiencies from combining them. They are then cutting the price on sod and using social media and other mass advertising to increase their sales volume. This is proving to be a huge challenge for our client.

It might be helpful to take a minute and consider your marketplace, then write down disruptions that are currently affecting your company. You also may want to do some research on emerging innovations that could affect your future operations.

There are only two possible responses that an organization can opt for in the face of this looming challenge of disruption. First, ignore the disruptive forces, and hope they simply go away. Second, acknowledge the disruptive influences, stay abreast of their ongoing development, and embrace the use of innovation as a counter-offensive to guard against disruption battering their company.

Next month I will discuss the topics of:

What is innovation?

The nine different types of innovation.

If you would like to discuss and explore how your company can become more innovative, please contact us using the below information so we can show you how to embrace a 21st-century approach to innovation.

Fountainhead Consulting Group, Inc. is an Innovation and Business Planning firm. During the past 17 years, we have shown over 1,200 companies how to achieve their goals by using our unique, comprehensive, and systematic FastTrak Innovation Program™, Innovation Academy™, and Structure of Success™ methodologies. Using the components in these methodologies, each month we examine an aspect of how to transform your business or organization into a true 21st Century enterprise.

Office phone: (770) 642-4220                                             

www.FountainheadConsultingGroup.com

George.Horrigan@FountainheadConsultingGroup.com

Categories
Best Practices Entrepreneurship Investing Management Marketing Negotiations Sales Skills Women In Business

Dirty and Cruel Negotiator Tricks That Will Blow Your Mind

“Magic tricks can be mind-blowing – until the other negotiator blows your mind by making your favorable outcomes disappear.” -Greg Williams, The Master Negotiator & Body Language Expert

Have you been in a negotiation that you thought was over – only to discover that it wasn’t – there was one little thing that needed addressing? It might have been, someone wouldn’t sign off on the deal. Or, maybe it was, ‘the last one was just sold.’ Your reopened negotiation might have taken on any variation of the last two excuses. More than likely, the excuses were contrived, already baked into the negotiation plans of the other negotiator. If you let such tricks bother you, they can blow your mind.

The following is how some negotiators use such tricks and how you can protect yourself against them.

The Cheat: Someone that’s dishonest or someone that uses the deal, no deal strategy

Challenge – Some negotiators are downright scoundrels. Their main strategy is figuring out how they can cheat you. They’ll use such tricks as concluding a deal, waiting until the covenants of the agreement are due, and then back out or request slight concessions. You can sue them for not abiding by the agreement but that means you’ll waste more time dealing with them.

Response – This person can be extremely difficult to deal with – if possible don’t deal with him. As in any negotiation, you should have background information about the other negotiator. Part of that due diligence should be uncovering his negotiation style based on his past negotiations. If he’s used cheating tactics in the past, they should be easy to uncover.

If avoiding him is not possible, observe how he responds throughout the negotiation. Such individuals may be very accommodating when engaging you – they’re setting you up for the cheat to come. Use time as your ally – stretch the negotiation out. At intervals, have deliverables that he must meet before the negotiation can occur. If he welshes at any interval, let that serve as consideration to abandon the negotiation. To better insulate yourself, front-load his deliverables to guard against you investing unnecessary time in the negotiation.

Moving Target:  That’s not what I/you said.

Challenge – The negotiator that employs this tactic can use it in different forms. She can play the confused person, “I don’t know what I was thinking – that’s not what I meant.” Or, she can attempt to paint you as the bumbling idiot – “how in the world could you have inferred that? I would never make such an offer.”

Response – When she uses either form of this tactic, stop her – explore how the point of miscommunication occurred. Then, note to what degree, if at all, it occurs again. If it does, ask her if she’s intentionally miscommunicating with you. If she becomes flustered, so be it. Get the tactic out and in the open. You’ll disarm her use of it by doing so.

Time Delayers: I’m sorry. I’m not ready to continue. Can we postpone until next week/month?

Challenge – Every good negotiator knows, the more time you put into a negotiation, the more energy you’ll spend in seeing it to its conclusion. Therein lies the trap. Because, the more time you spend, the more likely you are to make concessions.

Response – Note the reasoning behind the request to delay the negotiation – seek its validity. You might consider raising the question about your negotiation counterpart seeking other offers, etc. Observe how he responds. The point is, test his request for an extension to assess its validity and to prepare for what may lie ahead. Don’t get sucked into the black hole vortex of time. You may regret it if you do.

Conclusion: Protect yourself.

The above strategies are acceptable forms of negotiating in some environments. Thus, what might be a dirty cruel trick in one arena might be thought of as a normal way of doing business in another. Therefore, be aware of the customary negotiation practices of the environment you’re in. Doing so will allow you to heighten your sense of awareness per that environment … and everything will be right with the world.

Remember, you’re always negotiating!

Listen to Greg’s podcast at https://anchor.fm/themasternegotiator

After reading this article, what are you thinking? I’d really like to know. Reach me at Greg@TheMasterNegotiator.com

To receive Greg’s free “Negotiation Tip of the Week” and the “Sunday Negotiation Insight” click here https://www.themasternegotiator.com/greg-williams/

#Tricks #Blow #Mind #Negotiate #Process #Power #Powerful #Emotion #Business #Progress #SmallBusiness #Negotiation #Negotiator #NegotiatingWithABully #Power #Perception #emotionalcontrol #relationships #HowToNegotiateBetter #CSuite #TheMasterNegotiator #ControlEmotions

Categories
Best Practices Entrepreneurship Industries Personal Development Technology

Dematerialization—A Pathway for Innovation

The ability to make products and features smaller is called dematerialization. Dematerialization is a key strategy for innovation and improving what we utilize in business and society.

Technology is ever-changing and constantly improving. The ability to reduce the amount of material it takes to build the physical things that accomplish digital tasks is revolutionary and, likewise, growing as fast as the industries they serve a purpose in.

A Perfect Dematerialization Example

Wearable technology—which in recent years has increased in speed and memory while becoming one of the smallest computer devices in our lives—is a perfect example of how quickly dematerialization has improved modern technology. Smart watches, among other wearable digital devices, are the current example of how computers have shrunk and ultimately become more integrated into our lives because of how easily they can be worn and ignored until needed. They are lighter, more portable, more economical (in terms of the materials it takes to produce them), and softer in environmental impact.

Prior to the abundance of wearable technology, tablets and smartphones slowly put laptops and desktop computers to shame, as even the most portable laptops used to be several inches thick and weigh six or seven pounds. The market for a smaller, streamlined personal computing device brought us the iPad and the Microsoft Surface; however, today, wearable devices use a fraction of the material and accomplish far more than their ancestors—and cost far less. Plus, your main personal computer—the computer you use the most—had become your smartphone, which was something portable, multipurpose, and a device that supplied you with far more beneficial features than any computer you have used in the past.

Transformation

 A different example associated with wearable technology and smart devices is the progression of recorded music. Decades ago, record players and in-home audio systems were the only means to listen to recorded music. Eventually, car radios came along, where you could hear music while you travel. Soon after, the emergence of cassette tapes and compact discs brought the creation of portable CD and tape players, and the early ‘90s saw the dematerialization of bulky sound systems down to mini-boomboxes to bring outside while you played basketball.

Steve Jobs and the iPod yet again revolutionized and dematerialized recorded music players by allowing you to have thousands of songs in your pocket, though even those were clunky when they emerged. As streaming services displaced CD sales, smartphones and wireless headphones yet again made listening to music at the gym or on a bicycle ride even simpler, though you’d often have to strap the smartphone to your bicep. Finally, wearable technology now allows the same streaming technology paired with wireless headphones, making listening to music anywhere while doing nearly anything completely possible.

Whatever your company has, you can make it smaller—that is, if you want to. On the other hand, we don’t necessarily want to make everything smaller, and dematerialization doesn’t necessarily mean miniaturization. For example, we have the capacity to make our cars much, much smaller, but we may not necessarily want that for all models. Smart cars and some fully electric vehicles can benefit; however, a Ford F250 becoming the size of a Chevy Volt will take away from the hauling capabilities.

So how do you make something lighter without shrinking it completely? Dematerialize components of it, as seen in the newer models of Ford’s GT500. Its components have been dematerialized and are now lighter, making it faster than the Dodge Demon in a quarter mile, while not needing as heavy of an engine. Same size car, faster than ever before.

Ask yourself, “What would we want to make smaller? What would add value by making it smaller?” Take a look at just about everything you have related to your products and your services, and always consider the pros and cons of what you can dematerialize.

Learn about the Eight Hard Trend Pathways to Innovation and how you can identify and develop game-changing opportunities in my latest book The Anticipatory Organization.

Categories
Entrepreneurship Investing Management Marketing Negotiations Operations Sales Skills Women In Business

Influence: How to Surprisingly Win More in a Negotiation

 

“To win more negotiations, use the power of influence.” -Greg Williams, The Master Negotiator & Body Language Expert

During a negotiation, you, and the other negotiator attempt to influence each other. Thus, you should always place a high value on using influencing strategies. You can increase the value of your negotiation outcomes by using the influence techniques that follow.

Psychologists have identified six forms of power that you can use as sources of influence in your negotiations. They are:

1. Coercive power

(threats & punishment) – With this form of power, you can force the other negotiator into a position of acceptance. But you should be mindful that you’ll more than likely not make a friend of him. Plus, by using threats and punishment as incentives for acquiescence you may become perceived as a bully – this may heighten your opponents need to seek pay-back. If that’s not a concern, recognize when this source of power is a viable influence tool. Just be aware of its blowback danger and how you use it.

2. Reward power

(ability to offer incentives) – Reward power can be very temporary. Its value will decline as the perception of the reward devalues. When using rewards as a source of influence, do so from two perspectives.

  1. Positive – “This is what you’ll get, something pleasant if you give me what I want.”
  2. Negative – “This is what you’ll lose if you forego my offer.”

3. Legitimate power

(influence based on your position or title) – The challenge with legitimate power is, one must accept it before it has authority. Therefore, if you have a position or title that’s not perceived as being valid, you’ll have little influence when attempting to use it in a negotiation. When using this source of power for influence, be sure to cast it in the light of perceived validity before the negotiation. That will enhance the respect and appeal of this power.

4. Referent power

(influence based on your likability or admiration) – People that possess an affable personality tend to become better received by others. While reverent power has its place on the influence scale, some negotiators will dislike you for possessing this attribute. To have this influencer serve you better, balance it based on what’s occurring in the negotiation. When it suits your position, be reverent. When it doesn’t, discard it.

5. Expert power

(influence based on your knowledge and skills) – The perception of expert power can be fleeting – because it’s situational. It lasts for the time that your knowledge is needed. In a negotiation, if a seller or buyer can acquire what she seeks from another provider, your power erodes. When using expert power, be strategic. Use it sparingly in situations that are warranted.

6. Informational power

(not tied to your competence) – This can be power derived from ideas, opinions, access to thought-leaders, and influential people you meet and have access to. This form of influence is most powerful when the other party wants access to the information you possess. Its power becomes enhanced when you’re the only source that can grant access to what’s sought.

As in any negotiation, the manner of influence you use should be determined by the personality type that you’re negotiating against. Thus, to be more influential, you must know what will motivate that individual. One way to determine that is to evaluate whether the person is a giver or taker – the giver seeks power for the sake of helping others – the taker does so for the benefit of himself.

Once you have that knowledge in hand, you’ll have the key to which combination of influence to use. That will lead to more winning negotiation outcomes … and everything will be right with the world.

Remember, you’re always negotiating!

Listen to Greg’s podcast at https://anchor.fm/themasternegotiator

After reading this article, what are you thinking? I’d really like to know. Reach me at Greg@TheMasterNegotiator.com 

To receive Greg’s free “Negotiation Tip of the Week” and the “Sunday Negotiation Insight” click here http://www.themasternegotiator.com/greg-williams/

#Influence #Negotiate #Process #Power #Powerful #Emotion #Business #Progress #SmallBusiness #Negotiation #NegotiatingWithABully #Power #Perception #emotionalcontrol #relationships #HowToNegotiateBetter #CSuite #TheMasterNegotiator #ControlEmotions

 

Categories
Best Practices Culture Entrepreneurship Industries Management Skills

Learning to Master the Art of Your Career

It doesn’t matter what you do for a living — whether you work in medicine or retail, law or construction, software engineering or writing — there’s an art and science to every career. Each profession has its scientific aspects, those more mechanical facets, rules, and methods you must know to succeed. Yet no matter how dry, straightforward, or technical, these professions also have creative qualities that foster critical thinking.

This dichotomy is the reason no two professionals within the same industry are identical. These people may work within their careers for the same amount of time, possibly went to similar schools, or perhaps have the same position at the same company. However, they differentiate themselves in the ways they apply creativity and critical thinking to their jobs.

This idea impacts our personal lives as well. Consider medical professionals with the same specialty. If all dentists were the same by virtue of having identical skill sets and nothing more, you would have no preference for whom you go to for a root canal. But this isn’t the case; you prefer your dentist over one you have never been to due to their individual touch.

A real-world example occurred with one of my brothers, as some years back he struggled with pain in his legs. He visited three different orthopedic surgeons, all with identical skill sets and backgrounds. The doctors examined my brother. One suggested invasive surgery and the second proposed a more exploratory surgery. Both of these were unfavorable options. It wasn’t until we saw the third orthopedic surgeon that creative critical thinking took place. The doctor took one look at him and asked if he always wore his leather belt around his hips in the same place. When my brother answered in the affirmative, the doctor recommended he switch belts, replacing his leather one with a softer, more elastic material. With this change, his ailments were cured within a week.

All three doctors had the same impressive credentials and experience in the science behind their specialties; however, the third doctor utilized creative critical thinking to problem-solve.

Whether you’re training or in any level of schooling for a career, the “science” of that field is where the education lies. You’re receiving a hard, factual, standardized education, based on data and a proven methodology. Likewise, whether it’s accounting or food service, you’re also being schooled in the best practices of your industry.

Even in the creative fields, you still learn both the science and the art of your craft in order to find professional success in it. Writers must learn grammatical and syntactical convention, but they also have to learn how to write something everyone must read. Musicians need to learn scales, notation, and instrumental technique, but they also need to learn how to touch the hearts and souls of listeners to achieve musical greatness.

So where does the “art” come into these fields?

Artistic aspects of a career are picked up by professionals through years of experience and another, more flexible, less standardized type of “education,” one of induction. The first method of becoming more creative within your career through personal and professional experience is somewhat obvious — the longer you do something, you’ll become better at problem-solving and thinking “outside the box.”

The second method, the nonstandard educational method of developing intuitive insights coupled with creativity, involves gleaning the best-kept secrets and most well-honed, time-honored methods, the knowledge and wisdom of your profession from other professionals. These should be people who’ve already distinguished themselves through their own creativity. You might seek these people out, like a musician choosing to take lessons from one of his favorite players, or an entrepreneur asking the advice of someone who’s already established herself as a success in business. You might also stumble into these people during the course of your life, like having a captivating, inspirational professor or being trained by a capable manager who knows the secrets to making your job fun and interesting.

You can learn the science of your job from books, manuals, and classroom lessons and know that you will be good at what you do — but you need to learn the art from the artists of your field to become exceptional. This knowledge and wisdom transfer is key not only to success but to a rewarding career as well. Not only does it provide professionals an essential balance of skills, but it’s also what keeps industries thriving and innovative. It’s what pushes us to compete with others by bettering ourselves and, in doing so, to push our very professions forward.

Pick up a copy of my latest best selling book The Anticipatory Organization to help shape your future and accelerate your success.

Categories
Best Practices Entrepreneurship Human Resources Management Marketing Negotiations Sales Skills Women In Business

Stop Complaining and Do Something About It!

“Complaints are like infections. If neglected, they can harm you.”   -Greg Williams, The Master Negotiator & Body Language Expert (Click to Tweet)

Two friends were talking. One said to the other, “I don’t get enough sleep – I’m gaining weight – I sit at the computer too much. And, I don’t exercise like I use to. I wonder if that’s why I’m putting on weight? I know all of that is bad for my health. But I must continue creating content. And, I must respond to the hundreds of people that reach out to me through email and social media every day. My life is spinning out of control and I don’t know what to do to balance it!”

Finally, the other friend said, “stop! I’m your friend – I care about you. Listen to yourself – you have the answer to everything you’ve complained about. If your complaints meant that much to you, you’d do something about them. You’d take action to address and correct them.”

Have you caught yourself complaining about what appeared to be a dilemma – something that caused you angst – something that you didn’t do anything to correct? If so, what you proclaimed to be so perplexing was not as challenging as reported. Because, like the one friend said to the other, if it created the degree of torment you stated, you’d do something to address it.

Here’s the point. There are times when you complain to solicit empathy from those you complain to. Recognize when you’re doing that. Because you’re not ready to take action – you just want to shout aloud about what you’re experiencing. You may be seeking feedback to comfort your mind, not feedback that’ll move you to action. Contrast that to when you become tired of complaining about something. That’s when you’ll take action. To note the difference in your mindset, note the differences in your actions.

Action Item:

If you’re seriously fed-up with your circumstances, if you’re tired of what’s stopping you from greater improvement, you’ll stop complaining and take action to alleviate its cause. Start to note the times when your complaints increase or decrease. Begin to observe the emotional upheaval you experience when thinking about a complaint that causes you anxiety. Pay attention to the degree of change that occurs in you – note when you think you might take action to address your concerns. That process will help you measure your mental perspective about your perceived challenges. It should also be the distant call that moves you closer to taking action sooner than later. That will be a time when your self-actualization and happiness embrace … and everything will be right with the world.

What does this have to do with negotiations?

Most likely, you’ve complained about not negotiating efficiently. When it occurred, did you anguish about it? There are two possible reasons why you might not have negotiated better. Either you didn’t plan properly or, you didn’t create a better strategy in your planning process. How many times has that happened throughout your life? A better question might be, now that you’ve heightened your awareness, what are you going to do about it going forward?

If you’ve complained about the negotiation outcomes you’ve had in the past – if you thought you could have negotiated better. Do something about it – stop complaining! You don’t have to learn more negotiation and reading body language strategies from me. But, to assuage your own emotional state of mind, seek insights from someone that can teach you how to become a better negotiator. Take action – that’ll allay your complaints.

Remember, you’re always negotiating!

Listen to Greg’s podcast at https://anchor.fm/themasternegotiator

After reading this article, what are you thinking? I’d really like to know. Reach me at Greg@TheMasterNegotiator.com 

To receive Greg’s free “Negotiation Tip of the Week” and the “Sunday Negotiation Insight” click here http://www.themasternegotiator.com/greg-williams/

#StopDoingIt #Complaints #Negotiate #Process #Power #Powerful #Emotion #Business #Progress #SmallBusiness #Negotiation #NegotiatingWithABully #Power #Perception #emotionalcontrol #relationships #HowToNegotiateBetter #CSuite #TheMasterNegotiator #ControlEmotions

Categories
Best Practices Body Language Entrepreneurship Human Resources Investing Management Marketing Mergers & Acquisition Negotiations Sales Skills Women In Business

Shoulder Shrugs Can Expose Scary Secrets in a Negotiation

“Shoulder shrugs expose secret information. Notice them to detect their secrets.” -Greg Williams, The Master Negotiator & Body Language Expert

Have you heard the cliché, “what you don’t know can’t hurt you”? If you have, do you subscribe to it? If you do, you shouldn’t. Because, a lack of knowledge can expose you to scary secrets in a negotiation – secrets that can bite you at the most unsuspecting points in the negotiation. But, there’s one way you can protect yourself. How – by accurately interpreting the meaning of shoulder shrugs when you negotiate.

Shoulder shrugs convey secret information. They expose hidden thoughts of the person that’s attempting to hide those thoughts.

Observe the following shoulder shrug examples. You’ll obtain hidden information that those shrugs attempt to conceal.

When a person displays a shoulder shrug, it can represent a multitude of hidden meanings. It can be a sign of reluctance (i.e. what more do you expect of me) – a sign of protection (i.e. I’m not going to stick my neck out) – it can also be a sign of exasperation (i.e. I’m getting tired of this). Regardless of the hidden meaning, it gives additional insight into the thoughts of that person.

Single Shrug: A single shrug can denote a lack of full commitment in response to a question or statement made.

Leaning Preference

  • When displaying a single shoulder shrug, a person will tend to favor their dominant side. This is important to note – because it adds additional meaning to the shrug. As an example, if someone that’s right-handed shrugs their left shoulder, he may be displaying less of a commitment to the response that caused the gesture. As with everything related to reading body language, you must establish someone’s body language foundation before you can accurately assess the validity of their actions.

Double Shrug: A double shrug (both shoulders elevated) can connote more commitment to a reply or statement.

As an example, if one elevated both shoulders while stating, “I didn’t do it”, she’d be displaying more commitment to the statement then if she displayed a single shrug – note: to discern the probability of the truth you should still probe deeper. The act of the shrug is that person’s commitment to her pronouncement at that moment – it can change with further probing.

Leaning Preference

  • When someone performs a double shrug, that person’s hands provide additional insights. As an example, if an offer is made consisting of two items and the recipient says, “I don’t care”, while shrugging with one hand higher than the other, he’s nonverbally expressing a preference for one of the items – the preference lies in the order the items were offered or their proximity to the hand that’s higher.

Additional Shrug Meanings:

Hands: The movement of someone’s hands lends insights into their thoughts. To gather additional awareness per the meaning of a shrug, take note of …

  • hands close to the body – indicates they’re guarded
  • hands palms-up – signals they have less to conceal
  • hands palms-down – they’re less accepting
  • hands palms-up-and-out – says, keep away from me

Head Tuck: To observe how threatened someone might feel when they shrug, note the degree they protect their head when …

  • head extends forward – says, I’ll challenge you
  • head to one side – denotes preference
  • head straight up – states, I’m willing to expose more of myself
  • head tucked – says, I’m making myself less of a target

Of course, the additional shrug meanings can conceal someone’s real intent. That’s because good negotiators can affect this maneuver to add perceived emotional credibility to their effect.

Shrug Time:

Always note the length of time a shrug lasts and the number of times they occur. The length and number of times will indicate a person’s ever-changing degree of angst or determination to get you to back off. In all cases, they’ll be signaling information that you can use to enhance the negotiation.

Action Item:

Start noticing when, under what circumstances, and how frequently people shrug their shoulders. Doing that will increase your attentiveness and skills about this behavior. That will allow you to become a better negotiator … and everything will be right with the world.

Remember, you’re always negotiating!

 Listen to Greg’s podcast at https://anchor.fm/themasternegotiator

After reading this article, what are you thinking? I’d really like to know. Reach me at Greg@TheMasterNegotiator.com

To receive Greg’s free “Negotiation Tip of the Week” and the “Sunday Negotiation Insight” click here http://www.themasternegotiator.com/greg-williams/

#ShoulderShrug #secrets #NegotiationStrategies #negotiator #BodyLanguage #Liar #Beware #Negotiate #Process #Power #Powerful #Emotion #Business #Progress #SmallBusiness #Negotiation #NegotiatingWithABully #Perception #emotionalcontrol #relationships #HowToNegotiateBetter #CSuite #TheMasterNegotiator #ControlEmotions #BodyLanguageSecrets