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Category: Personal Development

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

Anchoring – How to Better Improve Your Negotiation Efforts

“In negotiations, anchoring can tie you down, but it doesn’t have to weigh you down. Used right, it can be the brisk breeze that sails you to greater negotiation ports.” -Greg Williams, The Master Negotiator & Body Language Expert

Anchoring occurs in every negotiation in one form or another. To enhance your negotiation position, be aware of when it occurs, the intent of it, the mindset you adopt when observing it, and what response you or your negotiation counterpart will have to it. Those ingredients will drastically affect the flow and outcome of the negotiation. Consider the following.

Anchoring Intent:

Know the intent of anchoring. It should align with your negotiation plans. In some situations, it may be prudent to let the other negotiator anchor his position first. The justification would be based on him displaying more of his position than you displaying yours. Regardless of the option you choose, remember the person that anchors first sets a mile-marker that establishes a boundary in the negotiation.

Anchoring Tonality:

When considering how to implant your anchor, consider the tonality you’ll employ to assist your efforts. As an example, if you state your position with a timid sounding voice, you run the risk of sounding unsure and weak. On the other hand, if you convey your intent with a rich and deep voice, you’ll project the perception of authority. You’ll be more believable, influential, and convincing; a deep voice is commanding; It projects authority. In either case, be mindful of the perception your tone of voice has on your pronouncements.

Anticipate Response:

Unlike other tools in a negotiation, you should use anchoring judiciously. It will become the cornerstone upon which an easy or tough negotiation ensues.

Before choosing when and how you’ll anchor your position, consider what the response might be to it. When planning, assemble actions that will buttress up and progress your position while keeping the negotiation away from quagmires.

You should always anticipate your counterpart’s next move. When anchoring, anticipate several future moves that he might make.  Since anchoring establishes the foundation from which you’ll move forward, be more diligent in your timing, thought process, and implementation.

Mental Mindset:

Be aware of your mental state of mind when attempting to use anchoring as a viable tool in negotiations. If you’re mentally weak about making your offer, per how you’ll anchor it, assess why you have that mindset; more than likely, it won’t serve the goals you’re attempting to achieve. If you can’t muster the mental fortitude to deliver your offer in a manner that supports your efforts, it may be better not to anchor it at all. You don’t want to worsen your chance of acquiring a better deal.

Counter Anchoring:

If you’re aware of what your negotiation counterpart is attempting to achieve by anchoring you to his position, and you don’t like the position it places you in, counter to the extreme opposite. The subliminal message you’ll send is, there’s a wide gap to overcome. It will also serve to message that both of you will have to make a significant movement to advance the negotiation. You can signal that you’re willing to attempt that broach if he is, too.

The potential pitfall of responding to the extreme is to risk an impasse due to such a wide gap in anchors. Thus, you should be thoughtful about how you refute an anchor that’s established and whether you’ll set it first.

Anchoring is the persister that sets the boundaries that follow. It also foreshadows the strategies that will persist after its establishment. Used adroitly, it can be the first volley of an enhanced negotiation. Thus, if you use anchoring skillfully, you’ll be on a path to heightened negotiation outcomes … and everything will be right with the world.

Remember, you’re always negotiating!

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/

#Anchoring #Improvenegotiation #Power #secrets #HiddenOpportunities #Mistakes #Management #SmallBusiness #Money #Negotiating #combat #negotiatingwithabully #bully #bullies #bullying #Negotiations #PersonalDevelopment #HandlingObjections #Negotiator #HowToNegotiateBetter #CSuite #TheMasterNegotiator #psychology #NegotiationPsychology

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Best Practices Growth Management Skills Technology

Elevate Cognitive Performance

By Daniel Burrus and Neil Smith

(In this blog series on how elevating cognitive performance is a game changer for organizations, I’ve invited Neil Smith, CTO at Think Outcomes, to join me in writing on this important topic due to his expertise and the cognitive performance software his firm has created.)

Improving cognitive performance is a strategic imperative for anticipatory leaders. With the availability of data, cognitive technology and performance analytics, stakeholders expect stronger performance, higher transparency, greater controls and clearer communications.

Performance Analytics for Cognitive Work

The transactional operations of an organization have demonstrated how people, process, technology, information and analytics can transform their processes and improve performance before, during and after a customer transaction. A key area that is ripe for improvement is the cognitive operations of an organization where the same principles involving the mind, cognitive processes, cognitive performance technology and performance analytics can transform critical thinking and stakeholder communications.

Cognitive Performance Rings

Business professionals are similar to athletes. Both groups seek to achieve greatness from their actions and get to the top of their game. LeBron James in the NBA, Serena Williams in tennis and Usain Bolt in running at the Olympic Games are all recognized for their individual achievements and team play. They didn’t just arrive. They work every day to close their own performance rings on their journey to greater precision in their craft. The same is possible for professionals. They need to not only outthink their competitors, they need to outperform themselves because they know their last performance is their last impression. Their performance is their memorable stamp on their organization and their industry.

Cognitive performance rings illustrate current and expected effectiveness in cognitive performance.

The activities performed in the minds of critical thinkers, decision makers and stakeholders are represented through cognitive performance rings in the eight performance indicators of cognitive effectiveness below.

From decades of experiences, we recognized the effectiveness of cognitive work across a wide variety of professionals in business, which are shown in the cognitive performance rings below.  Each performance ring illustrates indicators for the common ranges of current effectiveness along with their expected effectiveness.

When reviewing each performance ring, think about where your teams stand with respect to their cognitive effectiveness. Then prioritize which performance rings are important to you and your organization at this time to help it learn, grow and compete more effectively.

Eight Performance Indicators of Cognitive Effectiveness

How well is your team doing?

Performance indicator 1 — Critical Thinking

How well does your team think critically about risks and benefits?
‘Most people believe their minds lead them down a logical path. Yet, we don’t have a way to challenge the way we think in the moment.

Performance indicator 2 — Stakeholder Communications

How well does your team advance decisions with stakeholders?
‘Our stakeholders increasingly need evidence in a structured way that supports their perspectives and their questions. We don’t have a structured operating process to bring stakeholders into the decision making process easily.’

Performance indicator 3 — Cognitive Collaboration

How well does your team achieve breakthroughs during collaboration?
‘In our meetings, we can’t visualize what’s in each other’s heads. Our current processes don’t provide us a way to arrive at insights and foresights with the amount of time we have together. Frankly, it’s a challenge during this time of expected innovation.’

Performance indicator 4 — Decision Execution

How well does your team execute decisions with foresight?
‘We over rely on our gut instincts. We learn from hindsight. It’s concerning to us because change is no longer constant. It’s accelerating. We need a way to become more anticipatory.’

Performance indicator 5 — Performance Conditions

How well does your team establish upper and lower thresholds for thinking and communications?
‘We don’t share thresholds enough. When we do, we share thresholds verbally and in documents. The only way we shape the cognitive behaviors across our teams is through our review processes by management. This approach affects our culture and we don’t know how to address it.’

Performance indicator 6 — Performance Compliance

How well does your team incorporate performance conditions during thinking and communications?
‘The goals and objectives of our stakeholders aren’t transparent for our team. When we do receive them, we incorporate conditions we remember. We need a systematized way to incorporate conditions into our cognitive work.’

Performance indicator 7 — Uncertainty Monitoring

How well does your team anticipate disruption?
‘We don’t anticipate disruption enough. We are susceptible to external forces as we don’t monitor indicators that can disrupt our business.’

Performance indicator 8 — Performance Advisory

How well does your team strengthen the performance of other teams?
‘We try to lead from experience. Yet, we can’t dedicate the amount of time necessary to accelerate the growth of each individual. We need to provide a way to help them self-learn and deepen their intelligence even more. That would help all of us.’

The performance yield of each ring begins with questions of uncertainty that span outcomes, impact, risk, opportunity, implications, consequences, causation or cause and effect. Performance yields arise from insights and strategic foresights in the minds of professionals. With dashboards presented the way their minds work, professionals lean in and think more deeply about situations. As they access correlated data at the speed of thought, they create performance analytics that challenge the way they think about their current situations. When they visualize indicators and patterns within dashboards about the current and target states of their subject profiles, they work in a software environment to engage their thinking, create their ah-ha moments and generate counterintuitive wisdom.

Tom Brady was selected 199th in the NFL draft by the New England Patriots and became the most decorated quarterback in history. All professionals have an opportunity for greatness. Beyond the physical game, it starts with their cognitive tools.

Learn how to elevate your planning, accelerate innovation and transform results with The Anticipatory Learning System and how to maximize the cognitive performance of your team with Cognitive Performance Software.

Digital transformation has divided us all into two camps: the disruptor and the disrupted. The Anticipatory Organization gives you the tools you need to see disruption before it happens, allowing you to turn change into advantage. Pick up a copy today at www.TheAOBook.com.

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Personal Development Sales

CRM:  Compliance Hammer or Performance Instrument?

“Thanks to my CRM for helping me win that deal” said no salesperson ever.  In fact, CRM is almost universally looked on as serving management, not sales.  Salespeople view CRM as a hammer to measure compliance, not a tool.  CRM utilization is a constant battle, where management doesn’t trust reports compiled from inadequate usage.

Why the shortcoming?

Today’s CRMs, in even the most sophisticated implementations, track seller activities, not deal-moving sales behaviors.

I just finished reading a new client’s sales process document, which defines sales stages, tells the company’s sales professionals what tasks should be completed in which sales stage, and what resources are there to help them. It was a very thorough document, obviously well thought out and logically presented in considerable detail. It was tightly integrated with the company’s CRM system, and sellers can easily track the activities outlined in the playbook.  Of “selling process/CRM integration” efforts I’ve seen, this one is above average.

Here’s the thing:  in 35 pages, the customer’s buying process was almost invisible:  There was almost no insight into the customer’s journey, what it might look like, or who might be involved.

  • While several common roles were mentioned, zero coverage was given to what each role commonly looks for, or how they interact.
  • There was no mention of common value drivers at all – unless you count “provide test reports on features where we outperform competitors”. That is, there was not attempt to ascertain which product advantages might actually result in customer value.  And, actionable information like which value drivers might apply to which common buying personas was completely off of the radar screen.
  • While the sellers were doing all of their well-regulated selling activity, there was no mention of what complementary buying actions they should expect the customer to be doing.
  • There was strong emphasis on investing time and resources on the best customers, but no real definition what “best customer” looks like, other than “spends the most”.No particular mention of whether they are a fit for this company’s premium products, and certainly no attempt at a scoring system for “best customer”.

The difference between “above average” and “world class” is powerful.  World class selling organizations implement sales methodologies which address these (and other) gaps.  Miller Heiman Group clients have had the ability to overlay such methodologies on their CRMs.

What does the difference get you?

When you have a methodology that aligns selling and buying processes, then helps sales people diagnose the actions that will keep customers moving along their buyer’s journey, several things happen:

  1. You can identify deal-moving sales behaviors
  2. You can diagnose at-risk deals in time to rescue them…and know how.
  3. You can replicate high-performance behaviors across your entire sales team.

This sounds pretty powerful, right?  When sales leaders, particularly front-line sales managers, are able to diagnose and coach within a dynamic coaching culture, sales performance outcomes improve dramatically.

A new generation of CRM is the next innovation in sales performance:  What if your CRM was able to do some of the diagnosis automatically, so that front-line sales manager diagnosis time wasn’t the bottleneck? You’d really have something, wouldn’t you?

The new generation of CRM is here.  It’s an instrument for sales performance improvement, not the same old compliance hammer.  It’s combined with the world’s most highly respected methodology for complex selling…a methodology updated for even greater results for today’s generation of sellers. Where traditional CRMs measure seller activities, this new CRM is centered on selling behaviors that move deals, identify at-risk deals, and coach performance electronically.

Is the view worth the climb?

Adopting any new system is a substantial investment of resources.  While having a more manageable sales system is valuable to managers; real ROI comes from having a dynamic coaching culture.  Close rates climb by an average of 18%.  The view – the return – is high.  The results have been proven over decades.

Our new system is the easiest to implement way to achieve that dynamic coaching culture in existence. The climb – the cost — has never been easier.

This set of instruments are easy to customize to many businesses.  I’m happy to spend some time with you learning about your unique situation to see if we can apply this powerful solution to your needs, the way you need.  Contact me if you want to talk more.

To your success!

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Best Practices Body Language Management Marketing Personal Development Sales

Business Introductions Made Easy

Many details come together to create an impression. Of great importance is the first time an individual meets another person face-to-face. In business settings, we often find ourselves in situations of having to make an introduction. Not only will you present yourself to others, but very often you may be the one introducing two people to each other. Here are a few tips to help you through both scenarios.

MAKING AN INTRODUCTION

Whom you introduce first matters

Decide who the senior most person is between the two you are introducing. Ask yourself who is the VIP in this situation. Turn to the higher rank person first to start the introduction. You say the senior most person’s name first. However, please know that a client/customer always outranks anyone in your organization, yes, even the CEO.

Here are some examples:

  • How to introduce a new employee to the CEO of the company. Turn to the CEO first and say, “Jane Smith (CEO), I would like to introduce you to Tom Johnson (employee), a new employee. Tom Johnson, this is Jane Smith, the CEO of XX.”
  • How to introduce a CEO to a client. Turn to the client first and say “Adam Jones (client), I would like to introduce you to Sarah Thomas, the CEO of ABC Company. Sarah Thomas, this is Adam Jones, a client of ABC Company.”
  • How to handle age rank. If you know the age of each person, you introduce the younger person to the older person.
  • How to handle gender. Gender doesn’t matter. You always consider rank.

Add an Interest Point

It is nice to be able to give the two people you are introducing a common interest point that may help them continue their conversation. “Jane Smith, I would like to introduce you to Sally Hanson, the president of XYZ Company. Sally Hanson, Jane Smith is a sales consultant for ABC Company. You both have an interest in XX (hobby, sports team, attended the same university).”

SELF-INTRODUCTION

With a genuine smile and looking into their eyes, say, “Hello, my name is Sheila Anderson (say your name slowly – more on this in a bit!). I am a personal brand strategist with Image Power Play.” Shake hands after the introduction is made to ensure you focus on listening to the introduction.

INSTANCES WHEN YOU CANNOT RECALL A NAME

We have all been there when you see someone you met, and you cannot recall their name. Do not be embarrassed. It’s a common occurrence, and the other person has likely experienced it themselves. Here is what you can say in this situation: “Hello, my name is Sheila Anderson. I met you a few months ago at the Chamber of Commerce mixer. It’s nice to see you again. Please tell me your name again.”

Repeat the other person’s name a couple of times during the conversation to ensure you remember it. Moreover, do not be afraid to ask them to, so you make sure you pronounce it correctly. The sound of our name is one of the most precious words we ever hear. We all like our names to be pronounced correctly.

I help executives create a powerful image and brand so they look and feel confident wherever they are. Contact me at sheila@imagepowerplay.com to schedule a 20-minute call to discuss how we can work together to grow your visibility through my return on image® services.

Categories
Growth Management Personal Development

An Optimum Leader Must Exercise the Empathy Muscle

One morning I stopped at a Dunkin Donuts for coffee.  While leaving the parking lot, I was rushing and accidently backed up into a 3-day old $25,000 VW Passat.  The driver was livid and told me so in words and body language I choose not to repeat here.  I was already late for an appointment which was one of the factors that caused me to rush and cause the accident.  I needed to act and yet not rush.  I needed to influence the man and the situation. I needed to be a leader.  The owner was too emotional, understandably so, to lead the situation to an effective conclusion.

A leader is not a leader without voluntary followers.  Followers are not really followers unless they are volunteers.  Those who are compelled to comply to follow orders from a leader are not voluntary followers.  A key factor in developing voluntary followers is the ability to develop a relationship and to build trust.  A key factor in developing a relationship is the ability to express empathy.  I needed empathy to lead the situation with my VW friend.

Empathy is a valued element in building trust and relationships.  Empathy is an acknowledgement of emotion.  It’s an expression that you understand how important a situation is to someone and you appreciate how they are feeling about it.  The ability to show empathy is a crucial skill for all leaders.   Effective leaders must be able to influence the mood of others.  By doing so they create a positive context for an organization or team and that context leads to performance.

Empathy makes it safe to feel emotion, feel understood, feel acknowledged and feel cared for.  A lack of empathy is indifference.  Indifference suggests a lack of connection and lack of relationship.  Indifference creates anxiety, dissonance, dis-engagement and often deselection.

“…empathy means taking employee’s feelings into thoughtful consideration and then making intelligent decisions that work those feelings into the response.” (Daniel Goleman, 2002)

Empathic listening is the grease that keeps relationships running with minimal friction. In studies by Dr. Antonio Damasio medical patients who had brain damage to a certain part of the brain, and were therefore unable to express empathy, had diminished relationship building skills.  Their logic remained intact but their ability to build trust was clearly missing. (Damasio, 2005)

There is a great deal of research that connects empathy to business results. Studies that correlate empathy with the emotional state of front-line employees show a direct connection to customer satisfaction and employee retention.  Poor morale among those who “touch” the customer (the front-line worker) can predict turnover of customers and employees up to three years in advance. (Daniel Goleman, 2002)

Empathy; the ability to show that you care because you can imagine yourself in their situation and acknowledge what they are feeling and how intense that emotion must be.

How did I turn around the accident situation?  I immediately expressed empathy with my friend the VW Passat owner.  I admitted my mistake and told him how I could certainly understand how upsetting it must be for someone to hit his brand-new automobile. “I too would be upset”, I said.

He remained angry but shifted to cooperation from confrontation.  This cooperation allowed me to exchange insurance information with him more quickly and more accurately.  My ability to express empathy gave me the influence I needed to minimize the wasted time and to keep my client appointment with minimal delay.

Empathy, then, is an ability that every leader must add to their toolkit.  My VW friend was willing to cooperate quickly only because I expressed sincere empathy. He was willing to voluntarily follow my lead to exchange information quickly and efficiently while avoiding the negative emotion that could have become a barrier.

Emotion cannot be avoided in the workplace nor anywhere else.  It must be managed.  It must be acknowledged.  Empathy is like a muscle that need exercise to be most effective. Make it a daily habit. It’s costs nothing and it saves relationships, trust, and time.

Wally Hauck, PhD has a cure for the “deadly disease” known as the typical performance appraisal.  Wally holds a doctorate in organizational leadership from Warren National University, a Master of Business Administration in finance from Iona College, and a bachelor’s degree in philosophy from the University of Pennsylvania.   Wally is a Certified Speaking Professional or CSP.  Wally has a passion for helping leaders let go of the old and embrace new thinking to improve leadership skills, employee engagement, and performance.  See other resources here.

 

Damasio, A. R. (2005). Descartes’ Error: Emotion, Reason, and the Human Brain. New York: Penguin Publishing Group.

Daniel Goleman, R. B. (2002). Primal Leadership: Realizing the Power of Emotional Intelligence. Boston, MA: Harvard Business School Publishing.

For more, read on: https://c-suitenetwork.com/advisors/advisor/wally-hauck/

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Growth Management Personal Development

Executive Leaders: Are You Showing Your Team the Coastal Erosion?

As a business professional, a team member, a CEO, or senior level executive, do you know clearly what the big picture is for your team? What are the long-term goals and objectives? If you don’t know, why not ask? Being clued into the big picture is crucial in business.

On a recent helicopter ride, I was able to see my neighborhood and familiar sites from a completely different perspective. In fact, things looked so different from this vantage point that I had trouble figuring out where we were. (Never mind that I am directionally challenged anyway!) Thankfully, the pilot pointed out some landmarks to help me out.

I was able to clearly see how coastal erosion has affected my state of Louisiana from this vantage point. I was able to see the big picture and why efforts to preserve our coast are so important. When you are living in the coastal erosion, you cannot see it, but from above, it was quite a shock.

As an executive leader, do you keep your staff and colleagues “in the loop” as to where you want the team to go? Do you show them the bird’s eye view and let them in on maybe even the not so great happenings? Or are your employees simply living within the coastal erosion, blind to the daily degradation?

A number of studies have shown that one of the biggest sources of employee satisfaction is knowing where their contributions fit into the big picture or the overall success of the organization. Employees like to know that they are making a difference! If employees don’t feel they’re contributing or don’t know how their work makes a difference, then they will be more likely to become disengaged.

For instance, my client, Stanley, accepted a promotion to oversee a new division of his company. Shortly after taking over, he scheduled a staff meeting, bringing in to his office all of the people who now reported to him. He gave them an overview of the current status of the company, where they were heading, and, most importantly, what his expectations were. With this “aerial view” of the company, he explained how each could best contribute to the achievement of the company’s goals. He did not sugarcoat the hard facts, either. He told them where some serious work needed to be done.

Stanley announced that these meetings would be held twice monthly and each person would be expected to provide status reports, updating everyone on their area of responsibility. He encouraged the sharing of information amongst team members so that suggestions and advice might be offered to help each other out.

Stanley later reported to me after that first meeting that team members were floored by this new practice. He received feedback and numerous emails from staff, telling him how much they appreciated this method. He didn’t think much of it, but apparently, these team members had never really felt “in” on things before. They felt valued when their leader took the time to clue them into where they were and where they were heading.

Whatever your job entails, never underestimate the value of stepping back to look at the big picture. And leaders, don’t forget to let your people in on the overall plan and scheme. Even when the outlook may not be great, people would still prefer to know the reality of the situation than to be left in the dark. Plug employees in to the power of the big picture!

What will you:

  • Start doing?
  • Stop doing?
  • Continue doing?

to show your team the aerial view? Share your action steps by posting here. Your colleagues can benefit from your plan to be a better leader.

For more resources on leadership and employee engagement, be sure to sign up for our monthly Ezine and you will receive our report: “7 of Your Biggest People Problems…Solved.”

You might also like:

8 of the Best Kept Leadership Communication Secrets

7 Ways Leaders Can Prevent Employee Disengagement

Managing for Maximum Performance

Jennifer Ledet, CSP, is a leadership consultant and professional speaker (with a hint of Cajun flavor) who equips leaders from the boardroom to the mailroom to improve employee engagement, teamwork, and communication.  In her customized programs, leadership retreats, keynote presentations, and breakout sessions, she cuts through the BS and talks through the tough stuff to solve your people problems.

Photo

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Best Practices Entrepreneurship Management Marketing Negotiations Sales Skills Women In Business

How to Prevent Your Nerves From Getting the Better of You

“Nervousness is a part of life. When it serves you, embrace it. When it dis-serves you, shun it.” -Greg Williams, The Master Negotiator & Body Language Expert

“I started verbally stumbling. I don’t know what came over me. I heard senseless words coming out of my mouth; they made no sense. It was like my brain had disconnected from my mouth. My nerves were definitely getting the better of me.” Those were the words of an overly exasperated woman recalling a conversation she had with a senior member of her organization. Do you have such moments? We all do. Have you ever stopped to question why that occurs and how you can prevent it?

Continue reading to discover how you can recognize the pending onset of such moments and how to thwart them when they occur.

Stress

First, recognize that stress is usually the culprit behind your brain-freeze moments. Stress is promoted by several factors (i.e. lack of rest, the perception of your social position related to others, preparedness deficiency, sleep deprivation, physiology, etc.). Identifying the cause and when your nervousness occurs will allow you to better address it.

Triggers

Psychologically, actions are evoked by triggers that serve as stimuli for those actions. Note and recognize the source(s) and cause(s) behind the triggers that move you to react. Specifically, observe the stimuli that cause you to act a certain way in certain environments. In some cases, the source behind the trigger may be an unsettled action that occurred earlier in your life. Then, when confronted by a similar environment or circumstance, subliminally, you react the way you did years ago. Address that source and you stand a greater chance of controlling the trigger.

Lack of Preparedness

I know what might occur in the upcoming situation. So, I’ll just wing it. A lack of preparedness can be stress inducing. Since no one truly knows what might occur in the future, we speculate. The better we can tap-down the assumptions of what we think may occur, the better we can control the variables that feed uncertainty. Considering the possible scenarios that we could encounter prepares us for those engagements while lowering the mental threat that might otherwise stem from fear of not being in control.

Physiology

Where physiology is concerned, some people start to mentally shut down. “I don’t want to hear about how a lack of rest, exercise, depleted hydration, and/or the lack of a proper diet can hamper me from reaching peak performance”, are the thoughts of some individuals. But, when your body is physically misaligned, as the result of missing the ingredients mentioned, you become mentally deprived of a coherent thought process. Don’t overlook the value that physiology plays in your overall wellbeing. To do so is to psychologically rob your thought and presentation process of greater consistency.

What does this have to do with negotiations?

Every negotiation is fraught with situations that claims fear as an ingredient of its process. That fear may stem from being uncertain about how to act or react in situations, or being fearful of what might occur if one finds oneself in a no-deal position. Command control over your emotions when contemplating such thoughts. Do so by controlling the thoughts that might lead you down a path laden with nervousness.

By addressing and preventing the nervous tensions that could hamper your negotiation, you’ll enhance your negotiation efforts. You’ll be preventing such nervousness from getting the better of you … and everything will be right with the world.

Remember, you’re always negotiating!

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/

#PreventNervousness #prevention # Nerves #Success #Emotion #Business #Progress #SmallBusiness #Negotiation #NegotiatingWithABully #Power #Perception #emotionalcontrol #relationships #liars #HowToNegotiateBetter #CSuite #TheMasterNegotiator #ControlEmotions

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Best Practices Growth Industries Management Skills Technology

Eliminate Cognitive Friction to Maximize Human Performance

By Daniel Burrus and Neil Smith

(In this blog series on how elevating cognitive performance is a game changer for organizations, I’ve invited Neil Smith, CTO at Think Outcomes, to join me in writing on this important topic due to his expertise and the cognitive performance software his firm has created.)

Improving cognitive performance is a strategic imperative for anticipatory leaders. Yet, cognitive performance slows down due to cognitive friction. Cognitive friction occurs when professionals can’t think through uncertainties clearly in their minds. These uncertainties include:

  1. Risks
  2. Opportunities
  3. Outcomes
  4. Consequences
  5. Implications
  6. Impact
  7. Causations
  8. Causes and effects

In an organization, cognitive friction occurs frequently across many professional roles, minds and perspectives. For the 15 areas in a cognitive operation below, cognitive friction not only spans many responsibilities, it also impacts relationships and shapes cultures.

15 Areas of a Cognitive Operation

Cognitive Friction Across Perspectives

Cognitive friction occurs when two or more professionals are challenged to get on the same page. They must resolve their perspectives — which can be very challenging. In business, professionals:

  • Perform critical thinking
  • Make decisions
  • Communicate with stakeholders
  • Collaborate with other professionals
  • React to uncertainties
  • Work with peers and stakeholders to address situational challenges
  • Advise other professionals about their cognitive work
  • Evaluate the thoroughness to think through situations in the minds of their thinkers
  • Review the risk-reward trade-offs among their team members

Cognitive Friction Within the Mind of a Professional

Cognitive friction exists within the minds of professionals and creates undue stress. The six reasons friction occurs is due to:

  1. The processing limitations in the mind
  2. Ineffective communications
  3. Unproductive collaborations
  4. Uncertainties in their minds
  5. Lack of cognitive insights and foresights
  6. Bias that leads to cognitive divisiveness


Processing Limitations in the Mind

When processing multiple data points in the mind, cognitive work can become a highly stressful activity. It’s amazing how many leaders are not equipped with cognitive tools to manage uncertainty across situations, close their knowledge gaps and achieve expected results. When a situation includes more than seven variables, it’s well-known that the human mind is not able to process this level of complexity. Think how we receive, process and remember phone numbers. Our minds are not wired to synthesize 10 or more digits at a time. In the U.S., people think about the 10 digits in a pattern of a 3-digit area code, a 3-digit prefix and 4-digits for the line number; our minds consume, process and recall smaller chunks of information.

Try this exercise in your mind to see how complexity increases quickly: spin all the digits of five phone numbers in your mind as if the numbers were on a slot machine. Can you keep track of the numbers? Most of us cannot; our minds get overwhelmed right away.

When multiple changing variables exist, that’s the type of stress professionals experience every day in their minds as they perform their risk-reward trade-offs. Without additional cognitive capabilities, leaders turn to their gut as a place to find answers; often, though, the gut isn’t a very good logic engine. Operating risk is introduced when critical thinkers and decision makers do not have access to complementary, cognitive tools to perform their cognitive activities at their best.

Effective Communications Accelerate Buy-in and Decisions

The challenges increase further for critical thinkers and decision makers when they communicate with their stakeholders, peers and dependents to gain agreement about multiple, interdependent variables. These heterogeneous thinkers add new perspectives to the decision process, which increases the complexity.

That’s when members of decision teams communicate from their emotional viewpoints. Decisions stall, lasting impressions impact culture and relationships, and people experience an impasse.

Productive Collaborations are Needed to Achieve Better Outcomes

Google Hangouts, Skype and Zoom represent a step forward in collaboration and reduce travel costs. Yet, as professionals move between face-to-face and online meetings, they still struggle to innovate with breakthrough thinking.

Often, we hear professionals say, “if I could see what’s in the minds of the people I’m working with, that would help me address the challenges I’m aware of, too.” Yet, given human limitations, most professionals can’t bridge that gap effectively. If meetings involved the ability to demonstrate thinking patterns, that would help professionals overcome this human hurdle.

As professionals join meetings, they commonly bring their mental models and biases from years of experience. Their mental models create barriers to synthesizing other people’s perspectives as well as new ways of thinking into their own thinking. Where they use their voices and presentation software to convey their thinking, most attendees try to follow the logic rather than elevate their own thinking. If they had a way to unify their thinking through the visualization of evidence that focused on addressing questions of uncertainty and their critical thoughts, they’d optimize their time, learn to pre-solve issues and focus on better outcomes together. That would advance productivity in thinking in a visual way.

When professionals conclude their meetings with follow-on questions, leaders wonder which questions weren’t brought up? Are their teams going down the wrong paths? How do these questions connect to the stakeholders’ objectives? Are they considering the Hard Trends based on future facts that are shaping the future? Professionals expend valuable time to get to clarity as they reflect on their learnings when they need insights and foresights more quickly. Anticipatory leaders seek to institute advanced collaboration processes that yield greater productivity among their teams. They see everyday innovation and breakthrough thinking as a competitive advantage today as well as tomorrow.

Uncertainties, Cognitive Insights and Foresights

As connected teams in today’s data-driven world, data scientists and stakeholders strive for better outcomes together. Where data scientists focus on big data and use machine learning to ask questions about data, stakeholders focus on decision information and ask questions to solve situational challenges. The minds of stakeholders are as effective as the:

  1. Quality of their questions to resolve their problems and uncertainties
  2. Cognitive insights and foresights that arise from their mental models

Bias and Cognitive Divisiveness

In the minds of professionals, cognitive friction results from their cognitive biases and the synthesis of disparate data. Cognitive divisiveness exists among professionals as data synthesis and bias differ across perspectives. Cognitive friction and divisiveness affect velocity and outcomes.

In their roles, professionals:

  • Are often unable to access data structured the way they think about risk-reward trade-offs
  • Don’t know what they don’t know during decision making
  • Are challenged many times to demonstrate their points of view
  • Are frequently challenged to see alternative points of view during communications
  • Struggle to shape the thinking of team members due to predefined mental models
  • Are challenged to arrive at strategic foresights and engineer outcomes

A Critical Thinking Advantage

To gain an advantage in today’s world, cognitive teams must pre-solve issues through a continuous flow of cognitive insights and foresights. To achieve their objectives, they must find new wisdom within the cognitive gaps in their minds — i.e., to get from “here” to “there.” “Here” is where they are today in context to their cognitive responsibilities. “There” is where they need to go. This cognitive gap represents their current state and target state of their subject profiles. Their stakeholders depend on actionable knowledge and wisdom from their team of thinkers to improve business results. This starts with the capabilities of their cognitive resources and tools.

Learn how to elevate your planning, accelerate innovation and transform results with The Anticipatory Learning System and how to maximize the cognitive performance of your team with Cognitive Performance Software.

Categories
Entrepreneurship Management Personal Development

Employee Retention: What Today’s Employees Are Looking For

Today’s workforce is a different breed from the dedicated 9-5’ers of yesteryear; this makes employee retention an entirely new ballgame. The current financial landscape has a great deal to do with it. The internet allows consumers to buy more than ever before with a few clicks of a mouse, while real estate prices continue to rise and income rates remain relatively static.

Decades ago, 40 hours a week at a menial job could buy a house, a car, and a middle-class lifestyle for an entire family. Those days are over. Today’s workers may not intend to create a family and sustain it in the traditional sense; both partners in a relationship usually go to work every week. Therefore, the landscape of employees’ expectations has changed, as they attempt to derive deeper satisfaction from employment than ever before.

Employee retention is a matter of ensuring that their expectations are met.

I recently had the opportunity to partner with a company called Beaconforce. They have built software that allows managers to survey their employees a twice a day to determine their employee’s mindset: how satisfied they are with their work, and how comfortable they feel with their managers.

In the process of building the software, Beaconforce learned that the key expectations for today’s employees include a feeling of purpose and belonging, autonomy, freedom, clear goals, continuous feedback, and a sense that they are growing and improving over time. Today’s employees also want to be challenged and have an aversion to boredom.

The software Beaconforce developed creates a chart demonstrating the employees’ level of satisfaction in each of these areas, along with their level of trust in their managers (and the company at large.) It also indicates how often they are in their “flow zone”—feeling fulfilled and constructive in their work, as opposed to stagnant and/or confused.

So, let’s say the software reports that employees are not entirely satisfied. Perhaps they don’t feel a sense of autonomy, they are bored or, worse, they don’t trust their manager. What’s next?

That’s where my partnership with Beaconforce comes in. As a transformational business coach, I work with managers to identify their blind spots and determine which ideas and behaviors are creating a less-than-ideal environment for their employees. In the days that follow, managers have the opportunity to make choices regarding how they relate to their employees, rather than continuing to act in the same way that generated the problems they want to address, to begin with.

If you are in a management position, with or without the Beaconforce software, it is very important to pay attention to each individuals’ satisfaction to ensure employee retention for your company.

If employee retention is something you are struggling with or something you simply feel you could improve, consider a three-month coaching package. Six sessions (once every-other-week) can identify blindspots you were completely unaware of. The resulting changes in management style will make a huge difference in how your employees feel about working with you.

Contact me to set up a free consultation to discuss what this particular program looks like, and how it can benefit you. Also, if you have any questions about employee retention (or how you might create a better work environment for your employees) feel free to contact me directly, or leave a comment below!

Categories
Growth Leadership Personal Development

Use the Barefoot Spirit to Ignite Entrepreneurial Culture Within Your Business

After selling our business, our acquirer asked if we would work for them as brand consultants, to “keep the Barefoot spirit alive,” as they put it. We liked “the Barefoot spirit” so much that it led to our first book’s title—The Barefoot Spirit: How Hardship, Hustle, and Heart Built America’s #1 Wine Brand. 

We’ve since spoken at over 30 national and international universities that teach entrepreneurship. We’ve also had the pleasure of giving keynote speeches for conferences and events of all kinds, where audiences see us as a real example of entrepreneurial success. Everyone wants to know our secret.

We encourage our audiences to use our guided principles as described in The Barefoot Spirit—many of which we learned the hard way. With these principles, we want our listeners to create a positive company culture within their own businesses.

We spoke at the second C-Suite Network National Conference, where more than 400 C-Suite executives sat at the Ritz Carlton in Marina del Rey to get the scoop on the latest best practices, disruptive business approaches, and up-and-coming business philosophies. They heard from truly successful entrepreneurs about how they found success.

Along with our story, we shared some guiding principles we’ve used to empower and engage our people, to make work more comprehensive and fun, and to shake up a stodgy industry. We first discussed our initial misconceptions and mistakes that wound up costing us. We then shared what we learned, and how we applied this knowledge with a new entrepreneurial spirit to our vendors, customers, staff, and community to develop a best-selling brand.

Barefoot Wine’s foundation was the two-division company. Many companies go with a top-down structure with the CEO and president on top, followed directly by senior vice presidents, junior VPs, division leaders, department managers, lower groups, and so on. Just one of the silos in this pyramid structure contains customer service and another sales. This led us to ask, “How can you put the customer on top if you put sales and customer service on the bottom?” Pyramids aren’t for businesses—they’re for dead pharaohs.

Barefoot had just two divisions: Sales and sales support. That’s it! Each person who was not in the sales department was in sales support, from the CEO to administration, from production to advertising, from finance to compliance. Each earned bonuses based on sales, development, and profitability.

Our corporate culture wasn’t stiff and rigid. It was based on acknowledgement, permission, and, of course, fun. Since we operated on a know-the-need rather than a need-to-know basis, people had the permission and confidence to contribute. The most successful marketing solutions came from our own staff. They also had permission to make a mistake as long as they claimed responsibility, understood how it happened, and improved our procedures for the future. We didn’t hide our mistakes. We celebrated them. Barefoot was created on the backs of mistakes.

On each team member’s work anniversary, we sent a company-wide memo that appreciated them and validated their efforts. It highlighted what they did in the past year to boost growth, sales, and profitability. This way, everyone else knew what their colleague accomplished, and how they could be acknowledged, too.

We embraced a fun and lighthearted spirit. We made adversity into a game. What’s more adverse than being told “no”? So, we started playing the “no” game, where each team member tallied how many “no”s they got. 7 was the average. You needed 3 to start playing, and once you got to 15, you were considered overdue for a “yes”!

We made the choice to release our second book at the C-Suite Network Conference. The Entrepreneurial Culture: 23 Ways to Engage and Empower Your People is written for corporate leaders who want to bring the Barefoot spirit to their own people. You can find our second book at www.thebarefootspirit.com. Happy reading!

 

For more, read on: http://c-suitenetworkadvisors.com/advisor/michael-houlihan-and-bonnie-harvey/