Download - Negotiation skills presentation
![Page 1: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/1.jpg)
1
Negotiation Skills Workshop
In negotiation you don’t get what you deserve, you get what
you negotiate !
![Page 2: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/2.jpg)
Seminar agenda
� Your business challenges today
� Case study one
� Golden Rule No. 1 and No. 2
- Initial demand
- Answering concession requests
� Case study one, part two
� Golden Rule No. 3
- Concessions and Trade-offs
� Golden Rule No. 4 and No. 5
- Go back in smaller steps
- Lead the customer to a conclusion
![Page 3: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/3.jpg)
What keeps you awake at night?
� Write down the three major
business challenges that you
face in your job today
� 1-
� 2-
� 3-
![Page 4: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/4.jpg)
Objectives for this training session
� Facing your customer as a equal partner in negotiations
� To know and apply the relevant rules for negotiations
� To work on Adecco specific case studies and receive supporting
feedback
� To have an overview of the Best Practices in negotiation
![Page 5: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/5.jpg)
5
Philosophy of Negotiation
PLEASE MENTION THE MAIN TOPICS
![Page 6: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/6.jpg)
6
Philosophy of Negotiation
• Build trust over time
• Focus on agreement areas
• Be tough on the issue, not
on the people
• Choose your own style of
communication
� Win-Win
� Efficient
� Creative
� Positive attitude
� Understanding of needs
and motivations
![Page 7: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/7.jpg)
7
A method to prepare the negotiation
1 - List possible negotiating points
2 - Prioritise them
3 - Define objective – desirable position
4 - Define bottom line – essential position
5 - Define initial demand level – Optimum position
6 - Prepare to explain selling
points adapted to customer requirements
![Page 8: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/8.jpg)
8
Your Negotiation Matrix
Selling PointsEssentialDesirableOptimumVariable
Ensure that this matrix becomes part of your preparation for customer negotiations.
In the most difficult situations:
1 - Make at least one unacceptable request on a minor point
2 - Whenever possible, present an offer which cannot be compared
3 - Whatever happens, announce the price you initially decided
![Page 9: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/9.jpg)
9
Game (Case study One, Part One)
1 x Account Manager 1 x Customers
Agenda
10 min - Preparation
10 min – Meeting
5 min – Feedback from observer
Scoring
system
1 Coach 1 Observers
![Page 10: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/10.jpg)
10
Golden Rule #1
"You must have the courage to start
with a high initial demand".
![Page 11: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/11.jpg)
11
Resisting the other party
Inoculate yourself
1) Develop supporting arguments for
your position only.
2) Then, develop arguments against
your position.
3) At last, develop counterarguments
to refute them!
![Page 12: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/12.jpg)
12
Golden rule # 2
"When the opposition requests a concession,
you must first answerwith a defence of your offer”
Use your selling points!
![Page 13: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/13.jpg)
13
Seller’s
goal
Buyer’s goal
Keep the negotiation away
from your own goal
� to keep the danger away
� to become the strongest psychologically
� to keep ahead in the score
NEEDSNEEDS
QUALITYQUALITY
PRODUCTSPRODUCTS
SERVICESSERVICES
PRICEPRICE
REBATESREBATES
CONDITIONSCONDITIONS
![Page 14: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/14.jpg)
14
Building up a
Value Proposition matrix
MotivationMotivation AdvantageAdvantage ProofProof BenefitBenefit
1 - Remember your buyer will only remember 3 to 5 elements
they exchanged during the Meeting !
2 - Take into account their motivations
3 – Provide proof for each selling point that you present
4 – Present the selling points to appeal to their personal motivations
![Page 15: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/15.jpg)
15
Game (Case study One, Part Two)
1 x Account Manager 1 x Customers
Agenda
10 min - Preparation
10 min – Meeting
5 min – Feedback from observer
Scoring
system
1 Coach 1 Observers
![Page 16: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/16.jpg)
16
Golden rule # 3
"You will only make a concession if you can obtain a Trade-off in return -
first.”
![Page 17: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/17.jpg)
17
Why should you secure a Trade-off
first ?
1. It supports the credibility of your initial demand
2. It improves the profitability of the agreement
3. It stops the risk of ‘rolling concessions’
4. It gains you self-respect
![Page 18: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/18.jpg)
18
1 - It is vital that you can support each negotiating point. Prepare using the negotiation matrix
2 - checking question "And yourself, would you consider the following point…”
3 - opening"If you (...), then possibly..."
4 - counter-offer"Under those conditions, I can offer..."
Proceed in four steps
![Page 19: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/19.jpg)
19
Trade-offs
•Get exclusivity of the orders for the first 24 OR 48 hours
•Have access to the CV’s client database
•Reduce prices for correct ter,s of payment
•Reduce GM vs new business across outher countries
•Exclusivity on 1 site
•Cross selling (LHH, Permanent placement…)
•Different prices vs Volumes
•Provide consulting activity (legal, admin…)
•Extention or reduction of garanties for permanent placement
•Consistancy in service
•Lenght of contract vs smaller prices
•Pre payment for permanent placement
•Training
•Smaller short list vs smaller prices in permanent
•On site
•B to B
•Client brand advantage
•Exploit the direct hiring
•Co supplier introduction
•Master vendor
![Page 20: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/20.jpg)
20
Golden rule # 4
"If you have to go back,do it in small
and decreasing steps"
![Page 21: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/21.jpg)
21
Key points about giving
concessions
1 - Reduce what you offer with every additional
concession“Think about what you think it will take to get the deal and offer half of it”
2 - Increase the time before giving each additional
concession
3 - Don’t hesitate to ask counterparts that we know
the buyer won’t accept
4 - Resist the temptation to go straight for your
essential position by pushing the attack aside
![Page 22: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/22.jpg)
22
How to push the attack aside
"On this particular point, I can’t do anything.
I can however make a proposition…”
Resist the temptation to get caught negotiating on the same point if you have got close to your essential position. Try to push the ‘attack’ to one side by raising a new Trade-off and concession:
![Page 23: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/23.jpg)
23
Golden rule # 5
“You will lead the customer towards the conclusion”
![Page 24: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/24.jpg)
24
Example:
Initial question:
"Beside this point, do we fully agree on everything else?"
Leading question:
"So, if we come to an agreement on this point, we can come
to a full agreement on the contract. Are you happy with that?”
Isolate areas of agreement from disagreement. Focus on the
positives and talk in terms of finalising the agreement
Pre-closing to lead the customer to
a conclusion
![Page 25: Negotiation skills presentation](https://reader031.vdocuments.net/reader031/viewer/2022012400/553d7dca5503466d3d8b46b3/html5/thumbnails/25.jpg)
25
1. You must have the courage to start with a high initial demand
2. When asked for a concession you must defend your offer first
3. You will only make a concession, if you can obtain something in
return
4. If you have to go back, do it in small decreasing steps
5. You will lead the customer towards the conclusion
The 5 Golden Rules Summary