Showing posts with label collaborate. Show all posts
Showing posts with label collaborate. Show all posts

Thursday, October 20, 2011

Women in Negotiation

“Ty Gitou?”

A young woman stood in the doorway of Tyler’s office. Tyler came out from behind his desk to greet her.

“Yes, hello. I am Tyler Gitou. How can I help you?”

“My name is Janice Lumere. My friend Kevin Delclinchy is in sales with the company. He said you were the Deal Whisperer and you might be able to give me some advice on how to become a better negotiator.”

“I’d be delighted to speak with you,” Tyler said. “Please sit down. What are the issues you are dealing with?”

Janice sat in one of two chairs in front of Tyler’s desk. Tyler sat in the one next to her.

“Well, nothing just yet. I just got a job in the sales group and wondered if you had any advice on how to talk with potential clients. Most of the people I am working with are older and usually they are…”

“Male.” Tyler said. He smiled. “Let me compliment you on two points. First, your ability to recognize the fact that there is a difference between men and women in how they sell and negotiate. As much as we try to convince ourselves that we are all equal, women truly do have more hurdles to overcome when negotiating with men and other women. Second, your desire to address and overcome the problem. For someone so early in her career you are showing great maturity in taking action to resolve issues that might limit your success. Many young professionals believe that when they ask for help it is a sign of weakness. In fact, it is a sign of strength when you leverage others’ skills and knowledge to make an organization more successful.”

“Thank you,” Janice said. “Kevin spoke highly of you and I can already see why. So what are the differences and what can I do to address them?”

“There are many and we can’t cover them all in one conversation. But let me give you a start. First, when I say the word ‘negotiation’ what adjectives pop into your head?”

Janice thought a moment. “Difficult; confrontational; demanding…”

“And why do you have that perception when you think about negotiation?”

“Because I need to win and the other side wants to win and I have to overcome some overly aggressive male in order to succeed.”

“And what if you can’t overcome this challenging man?”

“I guess I have to hold my ground as long as I can and then in the end give in for the relationship.”

Tyler laughed. “That’s perfect. You have articulated a universal perception many young women and men have about negotiation. The difference is in what women and men typically view as the ideal outcome of that ‘competition’. The studies I have read on this topic say that women are challenged by a cultural barrier that causes them to believe that negotiation is confrontational. Because women generally focus more on relationship they often won’t counter an offer or ask for more because it might create a negative perception of them as ‘difficult” or ‘pushy’ thereby hurting the relationship. Their negotiation style then often runs from ‘compete’ to ‘accommodate’. Make a demand to get some movement but stop and concede before it might hurt the relationship.”

“That all resonates with me. I feel like I have been through that scenario. So what do I do about it?”

“Come see me next week and we will discuss two elements a Deal Whisperer uses to build a collaborative sales and negotiation environment: legitimacy and perceptions. If we focus on those two first, you will soon find yourself a more confident salesperson and negotiator.”

(See "Women in Negotiation Part 2.")
 http://dealwhisperers.blogspot.com/2011/11/women-in-negotiation-part-2.html

Wednesday, December 15, 2010

When the Process Hurts the Substance

“I’m afraid that’s the end of our hour together,” Peter said to Tyler Gitou. “If you could get back to me on those points by tomorrow, I’d appreciate it.”

“Peter,” Tyler said quietly, “I can certainly get a response to you by tomorrow. But it won’t be a very informed response because there is not enough time to get all the information I need. Can I send you the material on Thursday instead? That way I can give you a better response.”

Peter thought for a moment and then nodded his head. “Yes, that would be OK.”

“Terrific,” Tyler said. “And after you have a chance to review it, could we schedule two hours for our next meeting? I don’t feel we are making enough progress in the hour we meet each week. I am mindful that you are trying to sign this deal before the end of the quarter.”

Peter shrugged. “That sounds fine. Let’s plan on two hours next Tuesday.”

The parties stood, shook hands and left the room. Tyler and Verdi got into the elevator.

“Mr. Gitou, why did you make such a big deal about the time?” Verdi asked. “You know they get very upset when we don’t follow the process.”

“The same process does not work for every deal, Verdi,” Tyler said. “Peter has made it clear that his primary interest is getting this engagement closed by the end of March. I mapped out all that both parties need to do in the next six weeks and we can’t meet that deadline using their process. We will miss something.”

“Miss something?”

“Yes, Verdi,” Tyler said. “This is a complex deal and both parties have a lot of details to review. What will happen is we will discover with two weeks left how much has to get done, we will rush, and we will miss something. The process of a negotiation can be as important as the substance, and poor planning of the process can impact the quality of the deal.”

“I agree, but how do you get a party that says, ‘This is the process to follow” to change?” Verdi asked.

“Talk about the outcomes and options and let the parties choose,” Tyler said. “Map out the process with your own team, reach a conclusion on the expected outcome, and then share it with the other party. Ask them whether they would like to follow the current process for a sub-optimal outcome, or a different process for a better outcome.”

“So you negotiate how to negotiate?” Verdi asked.

“Exactly,” Tyler said. “A Deal Whisperer knows that a good negotiation is a collaborative event. Presumably the parties share a common goal: to get to the best possible deal for both sides. If one side says, ‘I think the process we are following is going to impact our outcome’ then the other party should listen. Ideally, the parties would agree in advance on a jointly-developed process that drives to the best outcome. Establish the process before discussing substance. But if you don’t have the chance to do that up front, look for an opportunity to raise the issue so the process does not hurt the substance.”