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Negotiate Effectively by Andrew Bryant
Your life is full of negotiations - like it or not you come into conflict with others: work colleagues, clients, bosses, family members, partners, sales people and the 'establishment'.
According to the dictionary -"negotiation is a discussion intended to produce an agreement" - more simply it's about gaining the favour of people from whom we want things. In this month's newsletter I will share a few keys to being an excellent negotiator.
Firstly, build trust. Where there is no trust there will be no effective negotiation - just look at any area of conflict in the world where no settlement is imminent - for example the Palestinians and the Israelis and now the Americans and the Iraqi rebels. Ideally the best time to build trust is before the 'official' negotiation begins. Trust is built by being friendly, relaxed, honest and above all consistent. If you suddenly change your communication style and become overly friendly the other party will suspect something - just like parents when a child suddenly starts being 'extra nice'.
With trust established you can obtain information. Information is everything in negotiation, especially information about the other parties needs. Most negotiations centre on money, when in fact money may not be the specific need. Why is this? Because people are unique with differing needs but money is quantifiable - it's a way of keeping score. Find the real needs of the other party and you can go for Win/Win and often bypass a financial stalemate. To gain quality information it is essential to shift your perception to see things from their point of view - I described how to do this effectively in the May 2004 Newsletter.
Always negotiate the problem not the person. Most people see negotiation as a battle of wills with two sides battling it out for overall supremacy. The expert negotiator creates a collaboration, which focuses both parties' energies on the problem. The solution to the problem can usually be described as getting everybody's needs met.
Earlier this year my business team was approached by a conference organiser wanting me to speak at a conference on the topic of business networking. Happy to take the enquiry my business manager checked my availability, asked about outcomes the organiser wanted and then quoted my fee. The organiser then confessed that they had already spent their budget, consequently they wanted me to speak for free, "BUT", they waxed lyrically, "there will be lots of networking opportunities". |
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Major Clients include: Singapore Airlines Credit Suisse First Boston Sentosa Leisure Group Hagemeyer Brands Australia Orbis
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The organiser was hoping that 'networking opportunities' would meet our needs - this was an assumption made without any information.
Now my business manager is a well trained negotiator and so this is what she does; first she builds a relationship with the organiser, empathising at the difficulties of putting together a good program, marketing it etc etc. As empathy and trust is established, she discovers information about the organiser, they are also a publisher and print magazines that are read by HR professionals throughout Australia and SE Asia - our target market for Coaching and Corporate Training. This is an obvious opportunity for both parties to get their needs met, but rather than go for the close, our expert negotiator takes it to the next level by enlisting their help to make the deal.
She says something like, "It may be possible to get Andrew to speak at your conference if you offered advertising of equal value to his fee, but I would have to sell the idea to him, perhaps you could help me to help you by putting this proposal in writing so that I can get his buy in."
The approach gets a Win-Win and convinces the other party to put their offer in writing. 
So to summarise:
- Build Trust
- Get information - ask lots of questions
- Negotiate the problem not the person
- Get collaboration
- Ask them to make you the offer
- If there's no win/win walk away
Good luck with your next negotiation!
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Team Profile Allen Tong  Chartered Accountant, Certified Neuro-Semantics & NLP Practitioner, Author, Success Coach, Business Advisor and Management Consultant. Allen speaks and conducts regular training and workshops for Entrepreneurship, Financial Intelligence, Business Games, Teens, Young Entrepreneurs and Team Building. SLI's programs in Malaysia are managed and marketed by Allen's company, Jumbo Achievement Sdn Bhd. For more information on our Malaysian courses please contact Allen or speak to one of his team on +60-88-264-178 or email him at tongkf@pop.jaring.my
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