Showing posts with label failure. Show all posts
Showing posts with label failure. 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

Sunday, October 10, 2010

How To Have a Difficult Conversation

We failed.

We don’t have the money.

There’s been an accident.

These opening lines are not the ideal way to start a meeting. Yet sometimes, despite our best efforts, we have to have a difficult conversation with a customer, supplier or family member. Wouldn't it make you feel a little better if you had a way to prepare for such a conversation?

This week we will talk about some tools and analysis you can use to develop your skills handling difficult conversations. Unfortunately, the only way to improve is to keep having difficult conversations! But the experience will make you a much better negotiator as you build your confidence in handling tough issues, and turn that big knot in your stomach into a smaller knot. (No, it never goes away entirely.)

The key is to analyze as best you can the impact of the news and the likely response of the other party. From there you can develop the right way to sequence the conversation and manage your emotions to reduce the emotional reaction of the other party. If handled properly, difficult conversations and the efforts to address the problem can actually result in a better relationship with your counterpart instead of a worse one.

First, make sure you know what happened! Don’t have the conversation until you know, as well as possible, what caused the problem, what the situation is now and how you will remedy this for the future. Demonstrate that you have been diligent in researching the details. That said, don’t delay so that the problem gets worse; timely engage the other party if their input is needed.

Second, determine what the problem means to the other side from a business and personal perspective. Will it impact a business cycle? Are additional funds required? How does this affect their status in the organization? Did they “go to bat” for you? How will the other party react when they realize the implications? Be prepared to acknowledge the legitimacy of their emotions. “I understand this is a major issue for you and you have every right to be frustrated and angry about this.”

Third, acknowledge your mistakes. Relationships thrive on trust. Honesty is the single greatest element of trust. If you try to rationalize the outcome to shift blame, it won’t change the impact to the other party. But it will highlight that you care more about your self-interests than helping to mitigate the problem you just dumped in their lap. Nothing destroys a relationship faster than the suggestion of self-interest.

Fourth, know what outcomes you want from the meeting. Do you need the other side to make a decision? Take action? Inform others? Think about what the other party needs to do once they have the information and how you can offer to help.

Finally, and most important of all, rehearse. Sit down with a team member and role play the conversation. Practice saying the actual words you will use. Getting feedback in advance on how your words sound to someone else can avoid unnecessary perception issues.

Everybody knows that mistakes happen. The key to a successful difficult conversation is demonstrating candor in the cause, empathy in the emotion and remedies against repetition. If you work diligently and collaboratively to mitigate the impact, the other party will perceive you as a trusted ally worthy of a continued relationship.