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Negotiator – How To Be Smarter About Risk Assessment

“To abate risks better, deal with those that pose the greatest threat to your goals first.” -Greg Williams, The Master Negotiator & Body Language Expert

What do you consider when thinking of risk assessment? Do you think about the impact that your past will have on it? Do you consider the same about the person you’ll be negotiating against? There is a multitude of things to consider. Doing so before the negotiation will make you a smarter negotiator. Before your next negotiation, mull over the following insights when pondering how to be smarter about risk assessment.

Gains versus Losses:

Sometimes, people become caught up in the moment. They forget to weigh their potential gains against their potential losses. Losing track of such mindfulness can leave you wondering why you engaged in such folly, once you’ve returned to a clear state of mind.

When assessing risk, know what you’re assessing as it relates to your larger goal. Don’t place yourself in a position where you make a tradeoff or offer, get it, and then discover that there’s an unintended cost for the acquisition. If a request is too costly, it may behoove you not to enter the bidding. A risk matrix can assist in that avoidance.

Risk Matrix:

You can use a risk matrix chart to assess the probability of an outcome in a negotiation. That will help you uncover any hidden risks that you may not have considered. Based on what you know of the other negotiator, you can assess the probability of how he’ll act/react to certain offers and counteroffers. Thus, you might have your offers and potential counteroffers plotted on one scale and markers denoting the probability that he’ll respond in a certain way on the other (e.g. strong possibility, likely, maybe, low probability, not likely). Then, weight each category (e.g. 85-100%, 65-85%, 45-65%, 25-45%, 0-25%, respectively). Of course, your risk matrix will only be valid to the degree your assessment of the other negotiator is accurate. If it’s not you’ll have garbage in, garbage out.

Ploys:

  • Lead/Led – Ask the other negotiator for his thoughts and inputs on matters that you’re unsure about his thoughts. By obtaining his thoughts you’ll gain insight into how he’s thinking. The bonus of that will be of him having the appearance that he’s leading the negotiation. That will also assist your efforts in decreasing the risk that the negotiation might go into unseen and unsuspected areas.

 

  • Offers – Don’t make offers that would demean or insight the other negotiator. You don’t have to tread so gently that he begins to press you on issues. instead, find the balance between the point of leading and following and know when to commit to either.

 

  • Anger – When thinking of the strategies you’ll employ in the negotiation be leery of using anger. There are potential hidden risks involved when you anger someone. They can become unpredictable, which means not only would you demean the validity of your risk matrix, you might do irrevocable harm to the negotiation.

 

Suffice it to say, the fewer variables you can account for when negotiating the stronger your negotiation position will be. That will lead you to be smarter about risk assessment … 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/

#Risk #RiskAssessment #Negotiate #Negotiations #bodylanguage #Negotiator #Business #Management #SmallBusiness #Money #Negotiating #combat #negotiatingwithabully #bully #bullies #bullying #PersonalDevelopment #HandlingObjections #HowToNegotiateBetter #CSuite #TheMasterNegotiator #psychology #NegotiationPsychology

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

Can You Negotiate in a Life and Death Challenge?

“Perception determines how you’ll engage in an endeavor. Thus, you should always assess your perception before doing so.” -Greg Williams, The Master Negotiator & Body Language Expert

There you are. Everything is on the line. You’re negotiating in a life and death challenge. What might you do and how might you negotiate differently giving the life and death challenge that confronts you? Would the answer depend on whose life you were negotiating for?

Okay, let’s turn the temperature down a little. Suppose it was your job or a contract that you were negotiating for instead of someone’s life. Would that alter the negotiation tactics and strategies you’d employ?

There are central components that flow through every negotiation. The only thing that changes is their order based on the severity of the negotiation.

The following are components that will occur in every negotiation you’ll encounter. Master them and you’ll have a greater chance of mastering successful negotiation outcomes.

Mindset: Your mindset is your greatest ally or foe.

  • Always be aware of the mindset you possess when negotiating. Your mindset will determine the degree that you think logically or illogically.
  • Your mindset will change based on the challenges you perceive and how you address them. That will impact the interactions you have with the other negotiator.
  • Be aware of what causes you to see yourself differently. Therein will lie embedded clues about why your mind shifts. 

Bonding: I understand you. We’re alike.

  • People like people that are like themselves. And, they want to be heard and appreciated.
  • Bonding helps people to perceive you as being like them.
  • The time to ask for concessions in a negotiation is when you’ve bonded sufficiently. It’s an important factor that increases the odds of getting what you want.

Positioning/Controlling the negotiation: Look how far we’ve come. I see a positive outcome on the horizon.

  • Prior to starting the negotiation establish what will be discussed. That will determine the flow of the negotiation.
  • Set the agenda to discuss the items of greatest importance first. The other negotiator will have his priorities. So, be prepared to trade points to ensure you control the negotiation’s flow.
  • Determine which strategies and tactics are most appropriate for the type of negotiation you’ll engage in.

Reframing: That’s not what I meant.

  • Know when to reframe an offer. Sometimes people perceive offers differently from what was intended. If you sense that, reframe the offer. That will allow it to be viewed from a different perspective, which could make it more appealing.
  • To reframe an offer to make it more appealing, position it as a benefit to the other negotiator.

Pace: Change of pace alters a negotiation’s flow.

  • Bypass points of contention when you want to avoid them (e.g. Let’s come back to that later).
  • Negotiate slower or faster to increase or relieve anxiety or pressure when it’s to your advantage to do so.
  • Changing your pace of speech when making offers will impact their perception. If more time is required to have the importance of an offer appreciated, consider speaking slower. That will subliminally convey its importance.

Hope: The outcome doesn’t have to be bleak.

  • Brandish hope as an ally. Doing so will keep people engaged in the negotiation.
  • Take hope away when the other negotiator strays in the wrong direction. Your intent is to let him know that he’s engaged in a losing proposition.

Every negotiation you’ll be in will not be life and death. But the components above will be in every negotiation you’re in. Using them adeptly will enhance your probability of having a successful negotiation outcome … 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/

#Life #death #challenge #Negotiate #Negotiations #bodylanguage #Negotiator #Business #Management #SmallBusiness #Money #Negotiating #combat #negotiatingwithabully #bully #bullies #bullying #PersonalDevelopment #HandlingObjections #HowToNegotiateBetter #CSuite #TheMasterNegotiator #psychology #NegotiationPsychology

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Best Practices Entrepreneurship Personal Development Women In Business

Turning “Failure” Into a Learning Lesson

A few years ago, I had to deal with an opportunity that went awry in my business. It was disappointing, frustrating and complicated, to say the least. As I was going through it, I questioned my own ability to make clear decisions. I wondered how I missed some of the signs that perhaps others had seen. I spent too much time replaying every little detail. And I kept asking myself the question: Was I a failure?

Here’s the thing, I was working on a project that I so was extremely passionate and excited about that I allowed myself to be blinded by the questionable factors that were happening at the same time. I brushed it off, continued to do the work and, mind you, be successful in the process. I continued to forge on until I had to face the reality that the project was not going to find completion.

As a life coach, my job is to make sure my clients are reaching their goals in a positive and growth-filled way. I want to make sure any project I work on is going to be impactful to my audience. My message is clear — you can have the life of your dreams if you do the work and find optimism in your journey. Once I realized that for my now defunct project, I no longer felt like I had failed. I needed to find the learning lesson in my experience. I teach this to my clients every day; it was time I listened to my own advice.

Overcoming a “failure” (not a word I particularly like), isn’t easy. Here are a few steps to help you along in your process:

1. Acknowledge your “failure.” Allow yourself to say yes; give yourself the grace to recognize that your situation happened to you. This could be a difficult pill to swallow. You’re going to get questions from outsiders asking about details of your experience. It’s your choice about how much information to share. Always be honest with your responses, and be careful with oversharing.

2. Accept it. Moving through a failed situation is like moving through the grief process. There are a few stages: shock, anger, guilt and reflection followed by the upturn of rebuilding through it. You have to be able to step back and be okay with your experience in the end. Give yourself a few minutes a day to work through it, start with the bad thoughts, continue through the learning pieces and end with positive affirmations. I use this exercise with my clients and it helps tremendously.

3. Look for the positive lesson. What did you learn from your experience? What would you change or do differently? In my case, I had the opportunity to meet and network with some amazing new people with whom I will continue to cultivate relationships. I learned to be better at vetting business partners. I learned that regardless of this particular outcome, my passion for collaborating and creating will continue.

Often we see failure as a bad thing. But if we turn it around and find the learning experience in it, the situation can become a little easier to bear. I try to learn from all of my experiences, good or bad. That allows me to continue to grow and educate myself both personally and professionally.

Don’t beat yourself up too much. None of us are perfect, we all make mistakes. The most important thing is that we learn from them all.

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

Avoid Bias Mistakes – How to Negotiate Better

“Biases are motivators that move us to action. Be aware of those that serve you and those that don’t.” -Greg Williams, The Master Negotiator & Body Language Expert

Negotiator #1 – “I knew they’d back out of the deal. All of them negotiate like that.”

Negotiator #2 – “As I was negotiating with those guys, I knew I’d have to back out of the deal. They never negotiate fairly.”

In the above situation, neither negotiator was aware of their bias. The absence of that mindfulness brought unrecognized pressures on the negotiation. Each negotiator made mistakes because of it. It was also the reason the negotiation fell apart. Are you aware of your biases when you negotiate?

To negotiate better, note when you might possess the following bias mindset.

Cognitive:

These are biases that you’re aware of. They can easily slip your mind when you negotiate. It’s like breathing, automatic. The potential danger arises when you negotiate in an automatic mode and having this bias unknowingly directing your actions. To address it, be aware of what you’re aware of. Don’t shrug off a thought too lightly because you think you’ve addressed it. The more aware you are of how you feel, the better you’ll be at identifying why you feel a certain way.

Unconscious:

To be unconscious of anything is to be unaware of it. In a negotiation, when you’re unaware of a driving force, unconscious biases may be the source. To combat this possibility, note the source of your emotional sensations. Identify if you’re fearful, elated, expectant, or cautious. Then, note if it stems from a visual, kinesthetic, or auditory source. Doing that will sensitize your emotions to your state of mind. That will alert you to the realities of what’s motivating your action.

Culture:

It can be risky to lump everyone from the same culture into the same category. People are individuals with their own perspective of reality. The more you view someone as an individual, the greater the chance to see that person for the unique qualities they possess. Negotiating with them on that bases will enhance the opportunity to connect with them at their level. That will lead to better understandings about why they negotiate in a particular manner, while you help them obtain what they seek from the negotiation.

Bullying:

Some people bully others and some are just tough. Based on what you’ve experienced in life, you may deem someone a bully when negotiating. The person may just be a tough negotiator. There’s a difference in those personality types. Be very cautious about how you brand someone when negotiating. Because, the way you brand them will affect the way you view them, their actions, and the way you negotiate with them.

Confirmation:

We see what we expect to see. That affects our perception. Realize that your perception of reality won’t always be right. That should cause you to pause when you think, “I know he’s like ‘x’. Everyone in his group is just like that.” When making broad assumptions, be aware that anything which seemingly supports your beliefs may serve as confirmation about those beliefs. The truth may lie further from reality than you think. Don’t conflate like-appearing assumptions that should be thought separators.

The more you’re aware of the biases you carry into a negotiation, the less mental baggage you’ll have. Being aware of that fact and heightening it in the negotiation should lead you to greater 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/

#Bias #Mistakes #Avoid #Negotiations #bodylanguage #Negotiator #Business #Management #SmallBusiness #Money #Negotiating #combat #negotiatingwithabully #bully #bullies #bullying #PersonalDevelopment #HandlingObjections #HowToNegotiateBetter #CSuite #TheMasterNegotiator #psychology #NegotiationPsychology

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

Negotiate More Effectively by Knowing How to Act Better

“Everything in life is an act. And you’re the actor on the stage of your life.” -Greg Williams, The Master Negotiator & Body Language Expert

Do you plan how you’ll #act when you #negotiate? What #role do you decide you’ll play? Knowing the right role to display will allow you to negotiate better. You can’t predict every circumstance you’ll encounter in a negotiation. But the better prepared you are, the better your act will be.

Your act:

Everyone plays a role when negotiating. And, your role should align with how you wish the other negotiator to perceive you; that’s your act. You should not view it as bad or inauthentic; it’s an act. If it’s misaligned, you run the risk of weakening your position. As an example, you shouldn’t become a bully if you’ve been playing the role of someone that’s helpful. That would be a misalignment.

Consider the following and keep in mind that you can morph from one act to another. Just be sure there’s an easily perceived reason for doing so.

Nonchalant

You can adopt this act to project a ‘no-care’ attitude (i.e. if it happens, fine – if it doesn’t, fine). You might employ this demeanor when you wish to confuse the other negotiator about your real interest in what he’s offering. Make sure not to become unmasked by being too deep into the role. Because a fleeting offer may disappear before you can shift acts.

Defiant

“I won’t accept that offer under any circumstances!” Be cautious when adopting this act. It can leave you in a position that’s difficult to retreat from. While this can be a good tactic, if it’s overused and you must concede, you’ll be weaker throughout the rest of the negotiation.

To combat the perception of being in a weaker position, consider feigning momentary hopelessness. It’ll lend credence to your act. But you must attempt to regain your defiant act, be it from a less entrenched position, to regain your position. You’ll only be able to use the hopelessness ploy once, twice if you’re overly convincing. So, be mindful of how and when you employ it. If you do so too early in the negotiation, you’ll lessen its effect later. If you do it too late, you’ll bring additional scrutiny upon your act.

Helpful

Most people like helping people. It’s a characteristic that’s pleasing. It’s also a characteristic that some people despise. Thus, you must know when to be a helpful actor and when to drop the act.

Dominant negotiators, the bullying type, tend not to want help. They already know what’s good for the negotiation. From their perspective, your insights will only hinder the process.

Invoke the helpful act with collaborative negotiator types. They seek input to promote win-win negotiation outcomes. To better effect this act, consider when you’ll lead and when you’ll follow. To follow, ask the other negotiator for her opinion. Then, build on it. To lead, present a non-threatening offer and ask your collaborator what she thinks of it. Build on what she says.

Dominant

Most people don’t like to be dominated; it places too many restrictions on them. Nevertheless, acting dominantly versus someone that’s savvy and in control can have its benefits. The difference lies in whether you’re perceived as being overbearing, strong-willed, or just knowledgeable. To effect this act, attune yourself to the other negotiator’s perception. There can be hidden value in this role. Knowing how to uncover that value makes it more valuable.

The stage you’re in, in the negotiation, should direct how you act. Like a good director, if you time your actions appropriately, your actions will be more believable. That will lead to more winning 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/

#Act #Negotiations #bodylanguage #Negotiator #Business #Management #SmallBusiness #Money #Negotiating #combat #negotiatingwithabully #bully #bullies #bullying #PersonalDevelopment #HandlingObjections #HowToNegotiateBetter #CSuite #TheMasterNegotiator #psychology #NegotiationPsychology

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7 Failures of Business Growth

If you want to stand out in today’s marketplace, you must work smarter, not harder. This is easier said than done, however, as despite their best intentions, companies get snarled in the glaring failures that derail business growth and stagnate profits.

In order for you to avoid these failures, you have to be aware of the most common ones and the strategies for combating them. The following will help you turn failure into success.

1. FAILURE TO ANTICIPATE
Most companies react to change as it occurs. You must anticipate and plan for future changes. You can anticipate a great deal in your industry. For example, are automobiles of the future mostly going to be electric instead of gas? Many think so. Could automobiles hover like drones instead of drive on four wheels? Of course!

Instead of being a crisis manager and reacting to change, anticipate changes so you can drive growth from the inside out. Spend one hour a week focusing on predictable opportunities to strategize and become more of an opportunity management organization.

2. FAILURE TO COMMUNICATE
There is a difference between informing and communicating. Informing is one-way and static,  and seldom leads to action. Communicating is two-way and dynamic, and usually leads to action. We have these fantastic Communication Age tools but use them in an Information Age way. If you can’t communicate internally with your staff, how can you communicate externally to customers and shareholders? When you focus on maximizing two-way communication, you can create a Communication Age organization and accelerate positive change.

3. FAILURE TO COLLABORATE
The majority of people tend to cooperate, which is a lower-level function different from collaboration. Even though we often use the word “collaborate,” we frequently really just mean “cooperate.” Cooperation means, “I won’t get in your way if you won’t get in mine.” Such an approach produces results but certainly not outstanding results, because it’s based on a scarcity mentality.

Collaboration is instead based on abundance and gets competitors to work with you rather than against you. It occurs when we put our heads together and ask ourselves, “How can we create a bigger pie for everyone?”

4. FAILURE TO INNOVATE
When asked what their last big innovation was, most companies have to go back five or ten years to cite something meaningful, as the majority of companies innovate once, form a company around the innovation, and then let it ride. They stop innovating and instead spend a great deal of effort asking themselves how they can become more efficient by doing more with less, reducing overhead, and using technology better. You must ask yourself how you can use technology and staff to create new products and services to increase sales all around. Innovation fuels profitability and efficiency.

5. FAILURE TO PRE-SOLVE PROBLEMS
Always remember that a problem isn’t an opportunity in disguise; it is a problem! A problem is only an opportunity before it occurs, and most problems we experience are predictable. If you ask customers what they want and then give it to them, you’re missing the real opportunity. Instead, you need to think at a level higher and ask yourself and your customers, “What problems are we about to have?” Develop new solutions based on those answers and base your product development on your customer’s future problems.

6. FAILURE TO DE-COMMODITIZE
Unfortunately, most companies come up with something new and make it their main product. Other companies copy the product, and then market saturation occurs. Try de-commoditizing your offering by taking your product and putting a service wrapper around it. For example, in the electricity industry, the utility provider cannot increase prices without permission from ratepayers. One electric company bypassed this limitation by creating what it calls “digital electricity.” They sold customers a product that, for a higher cost, prevented any fluctuation of voltage from occurring. Many big companies signed up for this more expensive service, and in the near future, homeowners with streaming devices will have a similar interest. This electric utility took a product and wrapped a service around it in order to de-commoditize.

7. FAILURE TO DIFFERENTIATE
Too many companies become just like everyone else. True strategic planning needs to be more than numbers based; it needs to focus on how you can differentiate your company and products from those of the competition. You differentiate by avoiding all the failure modes we’ve discussed that prevent business growth. You anticipate, communicate, collaborate, innovate, pre-problem solve, and de-commoditize. Become what your competition isn’t in order to differentiate.

BUSINESS SUCCESS IS ON YOUR HORIZON

When you know the failures to avoid and the strategies for combating them, you’ll be well on your way to learning from these failures, rethinking the way business is done, and creating an organization that continues to grow despite external factors.

NEXT STEP: Pick up your copy of The Anticipatory Organization to discover proven strategies to accelerate innovation and shape the future–before someone else does it for you!

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Best Practices Entrepreneurship Management Marketing Negotiations Sales Skills Women In Business

How to Negotiate Better and Avoid a Liar’s Beating

 “To avoid beatings, avoid their cause.” -Greg Williams, The Master Negotiator & Body Language Expert

When you negotiate with a liar, be cautious. Identify him as fitting into one of three categories, a habitual liar, a loose attendant with facts, or one that honestly misstates information. There’s a distinct difference between those three mindsets. To negotiate better and avoid a liar’s beating, know those differences and how to address them. This article notes the distinctions and gives insights into doing just that.

Habitual Liar

This is the negotiator that will lie for the pleasure of deceiving you. He obtains a ‘high’ when viewing himself as a master trickster. He’s also the most dangerous negotiator type that you can encounter because, at times, he’ll lie just to be lying. Don’t let your guard down with this type of negotiator. If you do, you may pay a high cost for your lesson.

Loose with Facts

The negotiator who uses facts loosely may be someone that seeks to sway you with information. He may do so if he senses your logic is driven by data. In his attempts to sway you, he may quote statistics and/or facts that aren’t as valid as he professes them to be.

If you suspect he’s playing loosely with facts, pull out your mobile device. Ask your favorite Internet site about the validity of his statement. Do that in front of him. You may have to do that a few times. He’ll get the hint that you’re not someone swayed by the tactics he’s employing.

Misstates Information

Something that’s stated as the truth is a lie if it’s not true. And, everyone misstates facts at times. This may occur due to faulty memory. Because of that, your guard doesn’t have to be as high as with the other two types. Nevertheless, you should still note the degree of misstatements he makes. If he projects a demure demeanor while doing so, he may be using that as cover to hide his deceit.

Test the Liar

Regardless of the liar type, test him. As an example, cite an erroneous fact pertaining to the negotiation. Observe what he does with it.

  • The habitual liar may embellish it, or attempt to use it to his advantage quickly; this may occur at any point in the negotiation.
  • The loose fact individual may extend your version while waiting to see where it might lead; he’s not ready to bite on your bait. If he brings it up later, note when he does so. That’ll be an insight into how he plans to use such information.
  • The misstates facts person may not say anything; that could be a clue that he’s not overly enamored with facts or the lies that extend from them. But, if he attempts to use the erroneous information to his advantage, consider moving him into one of the other categories.

If you sense deception, use the web the other negotiator is spinning to capture you, to ensnare him. To do that, if you’re speaking in-person, watch his expressions. Observe the degree his eyebrows rise; to the degree they do so, you will have surprised him. Note what he does next (i.e. stammer, clears his throat, rubs his eye(s)). Those gestures will indicate that he knows you’ve caught him. And he knows that you know it.

In every negotiation, a negotiator will lie to some degree. You should be most concerned with those that continuously lack conformity to the truth. They’re the ones that will attempt to expand the negotiation pie, only to steal it from you in the end. Thus, the more adept you are at recognizing and knowing how to negotiate better to avoid a liar’s beating, the less likely you’ll incur that beating … 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/

#Liar #Avoid #Beating #Negotiator #Negotiations #bodylanguage #Business #Management #SmallBusiness #Money #Negotiating #combat #negotiatingwithabully #bully #bullies #bullying #PersonalDevelopment #HandlingObjections #HowToNegotiateBetter #CSuite #TheMasterNegotiator #psychology #NegotiationPsychology

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

How to Win More Negotiations by Framing Better

 

“Framing is the impactor on one’s sensibility.” -Greg Williams, The Master Negotiator & Body Language Expert

When framing anything, the better the frame, the greater the chance for a successful outcome. Consider a wall, versus a fence, versus a barrier. You can use all of them to protect those that are inside. They can also be what keeps those on the other side from gaining entrance. And, you can state that they can protect those on either side. So, what’s the difference from a framing perspective? The difference lies in the perception of how you define the barrier. That’s why framing is so important.

When you frame content to be discussed in a negotiation, your framing of it determines how it will be perceived, how it will be discussed, and how the negotiation will flow.

The following are a few insights you can use to win more negotiations by framing them better. Doing so will increase your chances of having a winning negotiation outcome.

Value Proposition:

Before you attempt to frame a discussion, you should know what someone’s value proposition is. Because, if you make a concession that’s not perceived as being valuable, you might open yourself to a greater request (e.g. I don’t need that, but how about ‘x’). If you’d not intended ‘x’ to be discussed, you could have framed your offer by stating, I can concede on this, but not ‘x’. By doing that, you take ‘x’ off the table before it has the chance of entering the offer proposition. Mind you, the other negotiator can still request to have it, but you will have set a marker for denying him his wish. If you’ve used it as a red herring, you may turn the perception of its value to a greater benefit to your position. Then, if you wish to concede it, you should request something substantial in return.

Framing Mindset:

“He was right before, isn’t he right now?” Be careful of how you validate or accept a point as being valid. Just because an entity has been right 99 percent of the time, doesn’t mean that it’s right this time. Then again, if the other negotiator subscribes to such a thought, use it to your advantage.

You can do that by stating that you’ll be discussing ‘x’. Then, state that ‘x’ has been proven to have a 99 percent accuracy factor. Framing any point in that manner lends more credibility to it. There’s also a sense of security implied in the statement, because most people like the perceived sense of being surrounded by others.

Combating Opposing Framing:

If it doesn’t serve your purpose, be prepared to refute the framing attempts of the other negotiator. While doing that, have your own talking points ready to rebut his attempts to refute yours.

A good negotiator knows the hidden value that lies in framing a negotiation. Therefore, there will be an aspect of ‘give and take’ as you and he spar over the process you’ll use, and how you’ll frame those processes, to engage in the negotiation. During the planning stage of the negotiation, give serious thought to how you’ll frame your points and the strategies you’ll use to alter the other negotiator’s perspective.

Personas:

How are you going to act? The persona you project during the negotiation, confidence, or a lack of, and when you project that persona, will impact the negotiation. So, you should plan for how and in what circumstances you’ll promote a certain persona versus another. That’s also where framing comes in. If you synchronize the framing with your persona, you’ll have more perceived credibility.

Framing can serve as a silent ally that lies dormant while waiting to lend assistance in positioning the negotiation. When used stealthily, it can be what gives you a hidden advantage that the other negotiator never sees coming. Thus, using it wisely can enhance your chances of winning more negotiations … 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/

#Framing #Negotiations #bodylanguage #Negotiator #Business #Management #SmallBusiness #Money #Negotiating #combat #negotiatingwithabully #bully #bullies #bullying #PersonalDevelopment #HandlingObjections #HowToNegotiateBetter #CSuite #TheMasterNegotiator #psychology #NegotiationPsychology

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Best Practices Entrepreneurship Human Resources Management Personal Development Women In Business

When Your Toilet is Clogged You Don’t Hire a Chef

No one likes to think about turnover, but it’s a problem that keeps general managers (GM) and business owners up at night. Why? Because deep down you know how critical it is to the bottom line.

Here’s a scenario:

You run a multi-million-dollar dealership and you are hitting the numbers despite margin compression. (Hallelujah) You’re managing to win the volume game. The below-the-line money is essential to keeping the lights on and your team manages to keep their Customer Service Index numbers at passing levels. If you are the GM, the owner stays away for the most part while you continue to help money hit the bank account. If you are a hands-on owner, you cannot stay away because you are steering the ship. This is your legacy.

So, why are you losing sleep?

Could it be the fear of missing your bonus program requirements from the manufacturer and losing the “below the line” money that is vital to your survival? Or is it the fact that you know your toxic sales manager is on the verge of creating a mass exodus on your sales floor and all you can think is, “Hiring is a bitch.” Maybe it is just that you don’t have time to get everything done in a day.

The fact is, you know you have a few core needs that require a shift and you know you need help to make those shifts happen. What you don’t know is where to begin. After speaking with dozens of GMs and owners, it’s become clear to me that, time and again, the place to start is a deep dive into your ethos and an understanding of your level of employee engagement.

When your employees are disengaged, your showroom floor or service drive is a disaster, and your customers turn right back around to the front door to get the hell out of dodge. When you finally get a new employee to start, either they quickly feel the vibe of a lackluster culture and bolt, or they hang on a bit and join the disgruntled masses.

Either way, your managers are tired. They are pushing to hit the numbers to keep you off of their back and their family fed. They don’t have the bandwidth to rein in the culture or to hire right. Frankly, you know this is your responsibility, but, damn it, how can you do it all? The answer is: you can’t and shouldn’t.

When you need your computer fixed, you go to an expert that specializes in technology. When it’s time to replace your air conditioner, you hire an HVAC specialist to do the job. How about your toilet? When it’s clogged, you’re not hiring a chef – or at least I hope not. The reality is that no one person can do everything well, and a successful leader hires the right people to close gaps whether they are environmental or performance-related.

At Shift Awake Group, we specialize in closing the gap on the two critical topics of culture and employee engagement. In order to repair your culture, you have to find out where the bodies are buried and work to mend the cracks in the foundation. Once your culture is repaired, the focus shifts to hiring right the first time while elevating employee engagement and kicking turnover to the curb.

I do not know a single owner or GM that doesn’t want to increase their gross profit margin. Unfortunately, too many believe that focusing on volume will help their income statement and, in turn, everything else will just fix itself. While this can work sometimes, it’s more advantageous to focus on a different, more sustainable metric by increasing your Operating Profit Margins (OPM). When you reduce turnover, costs affecting your overhead are reduced at the same time OPM is increased. When employee engagement improves, simultaneously, there is the perfect storm of opportunity to positively impact gross profit margin with a happier, more fulfilled workforce selling the perfect vehicle to your customer.

If that perfect storm sounds like it could help you finally get a good night’s sleep, it is time to empower an expert to take control of these two pain points that will not spontaneously heal and, in fact, are likely to get worse the more you say they will “fix themselves.”

How can we serve you?

Jacqueline Jasionowski is the founder of Shift Awake Group. Her “soul” mission is to help others connect with their purpose through a higher level of consciousness that will both drive results and enable innovation along the way. Please contact 614.403.6540 for info.

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

Negotiator – Five Crazy Ways to Prevent Being Burned by a Bully

“To beat a bully, defeat his sources of power.” -Greg Williams, The Master Negotiator & Body Language Expert

Dealing with a bully can be daunting, exhausting, and frustrating. It can leave you in a state of anxiety and devoured by stress. But that doesn’t have to be the case. Observe the following 5 crazy ways to prevent being burned by a bully when negotiating.

Three bully types:

  • Hard Core:

This bully type is someone who likely had psychological challenges as a child. He wants the respect and acknowledgment that he’s someone to reckon with.

  • Middle Core:

This individual is someone whose bullying is based on circumstances. While all bullies seek to maximize their efforts based on situational opportunities, this bully type will seek to escalate his situations if giving the chance to do so to become a hard core bully.

  • Soft Core:

A soft core bully is one that’s classified as a bully in training. He’s usually someone that’s enticed into doing things to prove himself to those from whom he seeks approval. He’s what’s known as a useful idiot in intelligence parlance.

It’s to your advantage to know the bully type that you’re dealing with.

Do a good deed:

Most bullies wear their emotions on their sleeves. They want others to like and appreciate them. Studies have indicated, when people are in a positive frame of mind, they’re more receptive to your thoughts and ideas.

If you commit a good deed for a bully before the negotiation, that could endear you to him, which may lead to him having a more positive perspective of you. If so, he may be lax when it comes to emploring bullying tactics against you during the negotiation. As in all cases when dealing with a bully, you should be mindful of how he might react as the result of you doing good deeds for him. Some bullies will interpret such actions as a green light to push you harder.

Group threat:

A group threat can be an assembly of others you amass to threaten the bully or his supporters. In either case, the group you assemble should be perceived as a formidable force that the bully or his followers will have to contend with if he attempts to bully you. It should also be a force that the bully perceives as being threatening to his standing and wellbeing.

Playing field:

Don’t play on the bully’s field. That means, when negotiating with a bully, do so on your own terms. Don’t allow him to dictate where and when the negotiation will occur. If he says, ‘x’, you say, ‘y’. Bullies like tough guys. Show him that’s who you are by the actions you engage in.

Scorched earth:

There will be times when you must stand up to a bully to show him how tough you are. Sometimes, you’ll have to take that to the extreme.

A scorched earth approach to negotiation is one way to display that extreme. It entails positioning yourself as someone that will ‘burn down everything’ if you don’t get your way. After positioning yourself as such, make him fight for every concession you grant him. You want him to feel like he’s really been in a battle during the negotiation. In times of perceived peace, make him wish he’d prepared for war.

Some of the above strategies will work with some bullies and some won’t. By knowing the type of bully you’re dealing with, you’ll have a better idea of how you can prevent him from burning you. Thus, by implementing the strategies above, you’ll enhance your negotiation position. You’ll also be better prepared to thwart the efforts of a bully … 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/

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