This training course will provide you with a set of tools to handle the most demanding negotiation like a master. By working on a carefully chosen array of cases, you will learn how to enhance your analytical skills and build your intuition, both of which are prerequisites for successful negotiations. The course will also show you how to use these tools to make the most out of situations you may face, whether in your professional or personal life.
Course Methodology
The course uses a mix of interactive techniques, such as brief presentations by the consultant and the participants, role plays (rehearsed and impromptu), playback of videotaped performances and individual and group feedback.
Course Objectives
By the end of the course, participants will be able to:
Prepare and manage effective negotiations
Employ the concessions management process with minimum loss while preserving good relationships with the counter party
Assess their own negotiating strengths and weaknesses and those of the other side
Use a range of negotiating tactics and master the rule of halves
Devise long lasting and mutually profitable agreements on a timely basis
Prepare and manage team negotiation
Target Audience
Marketing and sales professionals, corporate executives, advertising managers, business development managers, sales personnel, and others who are involved in commercial and negotiation activities at all levels of the organization.
Target Competencies
Handling rejections
Flexibility and gaining commitment
Initiative
Intuitive decision making
Leading others
Active listening
Persuasion
Problem solving
Course Outline
What negotiation is really all about
The many faces of a negotiation
Some negotiation philosophies
Historical retrospectives on negotiation
The reasons behind the urge for being a good negotiator as a business entrepreneur
Persuasion versus negotiation
The stages of persuasion
Braham's negotiation tips
Setting the stage and the face-to-face negotiation
Establishing good rapport with the other party
Understanding your own personal strengths and weaknesses
Characteristics of a good negotiator
The five stages of the negotiation process
Barriers to effective negotiation
The probe negotiation technique
How to develop negotiation skills
Getting ready to negotiate
Best /Worst Alternative to a Negotiated Agreement (BATNA and WATNA)
Identifying your conflict negotiation style
The uses of negotiation styles
Sales and commercial negotiation at work
Selling versus negotiating
The buyer’s decision process
The spin questioning strategy (uncovering needs)
Influencing the customer’s choice
Understanding how people make choices
Influencing decision criteria
The concept of 'hard' and 'soft' differentiators
Addressing and overcoming the customer’s final fears
Strategies for the resolution of concerns
The critical rules of negotiation
Different levels of negotiation rules
The importance of preparing 'the envelope of negotiation'
How to prepare 'the envelope of negotiation'
Mastering the 'rule of halves' during the negotiation process
Negotiating reflexes you need to develop
Concession management
Setting a concession making timeline
Defining and sorting negotiable issues and creating alternatives
Developing contingencies
Measuring your negotiation relative outcome using a grade point average