1 Planning for successful business negotiationsThis session introduces the concept of business negotiation and looks at its importance in the context of the participants’ activities. It briefly examines why we negotiate and the dynamics involved.
- What kind of a negotiator are you?
- Negotiation skills self-assessment and best practice
- How to establish roles and responsibilities for both parties
- How to identify and set objectives for both buyer and seller
- How to research and establish the other person’s position (business negotiation stance)
2 How to structure your negotiationsThis session presents an eight-step framework for use in negotiating and considers how best to prepare and plan negotiations within the context of a supplier/customer relationship or business cycle. It also includes a brief review of legal responsibilities and what constitutes a ‘deal’.
- Learn and apply a formal structure to use when negotiating
- How to establish short and longer-term objectives and opportunities
- How best to plan, prepare and co-ordinate a major business negotiation meeting, or on-going negotiations
- Understanding of basic legal and organisational requirements
3 Verbal negotiation skillsThis session examines the human and communication dynamics inherent in any negotiation. It relates the importance of professional skills in preparing for the negotiation in identifying needs, wants and requirements accurately and qualifying the competitive and organisational influences present.
- How to fully ‘qualify’ the other party’s needs, requirements and constraints during the negotiation process by using advanced questioning and listening skills
- How to pre-empt negotiation objections by promoting and gaining commitment to options, benefits, value and solutions
- How to best propose and suggest ideas and drawing-out skills
4 Non-verbal negotiation skillsThis session highlights how different personal styles, corporate cultures and organisation positions can influence events, and demonstrates practical methods for dealing with and controlling these factors. It also examines key principles of body language and non-verbal communication in a practical way.
- Gaining rapport and influencing unconsciously
- Understanding the importance of non-verbal communication and reading other people’s meaning and communicating effectively as a result
- Ensure that non-verbal behaviour is fully utilised and observed to create maximum impact and monitor progress, eg, buying signals
- Business negotiations are precisely structured and agreement gained incrementally
5 Proposing and ‘packaging’This module highlights how best to present and package your position. It looks at how to pre-empt the need for negotiating by creating minor options and ‘bargaining’ points, as well as how to manage the expectations and perceptions of the other party.
- How to identify the key variables that can be negotiated
- The power and use of ‘authority’ within your negotiations
- How to structure and present your proposal, ideas or quotation to best effect
- The importance of when and how to identify and influence the other party’s objections
6 Dealing with priceThis module highlights how best to present and package price within your proposal or negotiation. In most cases, price has more to do with psychology than affordability and preparation and careful handling is essential.
- The three reasons that people will pay your asking price
- How to set price in a competitive market
- The key differences between selling and negotiating
- Ten ways to present price more effectively and persuasively
7 Getting to ‘Yes’: tactics and strategiesThere are many different tactics and strategies common to successful negotiators. This session looks at those that are most appropriate to the participants’ own personal style and situation. The importance of ‘follow-through’ is also explained and how to deal with protracted or ‘stale-mate’ business negotiations.
- How to negotiate price and reduce discounting early in the process
- How to recognise negotiating tactics and strategies in your customer or supplier
- Key strategies, techniques and tactics to use in negotiation
- The importance of follow-through and watching the details
- How to deal with stalled business negotiations or competitor ‘lock-out’
8 Case studies and reviewThis session examines a number of different situations and participants discuss ways to approach each. This allows learning to be consolidated and applied in a very practical way. There is also an opportunity to have individual points raised in question and answer session.
- Case studies
- Question and answer
- Planning worksheet
- Negotiation ‘toolkit’ and check-list
9 Personal action plans
- Identify the most important personal learning points from the course
- Highlight specific actions and goals
- Flag topics for future personal development and improvement