black belt negotiation...negotiation generate an extra £27,000 per month how to get the deal you...

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© Teamworking International Ltd 2020 Teamworking International Ltd © 2020 all rights reserved [email protected] +44 (0) 1590 644107 Black Belt Negotiation Generate an extra £27,000 per month How to get the deal you want and build better relationships! The Neuroscience of Negotiation © Teamworking International Ltd 2020 What’stheirpassion?

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Page 1: Black Belt Negotiation...Negotiation Generate an extra £27,000 per month How to get the deal you want and build better relationships! The Neuroscience of Negotiation 0 What’s their

©Te

amworkin

gInternationalLtd2020

Teamworking International Ltd © 2020 all rights reserved

[email protected] +44 (0) 1590 644107

BlackBeltNegotiationGenerateanextra£27,000permonth

Howtogetthedealyouwantandbuildbetterrelationships!

TheNeuroscienceofNegotiation

©Te

amworkin

gInternationalLtd2020

What’stheirpassion?

Page 2: Black Belt Negotiation...Negotiation Generate an extra £27,000 per month How to get the deal you want and build better relationships! The Neuroscience of Negotiation 0 What’s their

©Te

amworkin

gInternationalLtd2020

BrainRule1:Thebrainisasocialorgan

Thecollaborativebrain

8

VentralStriatum

Dopaminerewardsystem

©Te

amworkin

gInternationalLtd2020

Under pressure the thinking brain shuts down!

Objectives - long term and short term

Discover common ground • LinkedIn, Facebook • Pre-meet can increase success from 55% to 90% • In group / Out group bias

What’s your Plan B

Tradeables

PREPARE

Your notes, pricing, strategy etc are easily visible to you but not them in a virtual environment!

Page 3: Black Belt Negotiation...Negotiation Generate an extra £27,000 per month How to get the deal you want and build better relationships! The Neuroscience of Negotiation 0 What’s their

©Te

amworkin

gInternationalLtd2020

Inourhunter/gathererdays,encounterswithanothertribeusuallyendedindeathThislivesontodayasin-groupout-groupbias

• In-groupheareachother’sideasastheirown• Iftheyseeyouastheout-group,theywon’t

evenhearyourideas• Findingcommongroundbringsyouintotheir

in-group…andgetsyouheard

Ingroup/outgroupbias

12

blah,blah,blah

yeah,greatidea

©Te

amworkin

gInternationalLtd2020

EmotionorLogic?

Performance

DecisionsEmotion

FactsandInformation

Dealmaker

Dealbreaker

Pollquestion

Page 4: Black Belt Negotiation...Negotiation Generate an extra £27,000 per month How to get the deal you want and build better relationships! The Neuroscience of Negotiation 0 What’s their

©Te

amworkin

gInternationalLtd2020

Howfardoemotionsinfluencedecisions?

InstituteofPractitionersinAdvertising

©Te

amworkin

gInternationalLtd2020

Brain rule 2: the brain can only evaluate against an expectation

Greatexpectations

20

Betterthanexpected

Worsethanexpected

Expectation

ReferencePoints

Low

“Gettingagooddeal”ismoreimportantthantheactualprice.

—>positiveemotionalresponse

£1200

£1100

£1100

£1000

Dopamine

Cortisol

Page 5: Black Belt Negotiation...Negotiation Generate an extra £27,000 per month How to get the deal you want and build better relationships! The Neuroscience of Negotiation 0 What’s their

©Te

amworkin

gInternationalLtd2020

What do they want? • Listening, Questions

Build rapport especially virtually! • Reward vs. Threat • Shared organisational values

Listen for signals and movement

Be careful what you promise! • Don’t create false expectations

Interest vs. position

DISCUSS

It’s tempting to skip this stage as people are more ‘on task’ virtually

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amworkin

gInternationalLtd2020

PositionVisible

InterestHidden

RogerFisher&WilliamUry,Ge,ngtoYes

Page 6: Black Belt Negotiation...Negotiation Generate an extra £27,000 per month How to get the deal you want and build better relationships! The Neuroscience of Negotiation 0 What’s their

©Te

amworkin

gInternationalLtd2020

Twosisterswerefightingoveranorange.Afteralotofarguing,theytookhalfeach.Onesisterateherhalfandthrewawaythepeel.Theothergratedherhalfofthepeeltomakemarmaladeandthrewawaytheflesh.

Howmanyopportunitiesforawin-winsolutionareyouthrowingaway?

Win-win

Lesson: look for the interests behind the positions

RogerFisher&WilliamUry,Ge,ngtoYes

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amworkin

gInternationalLtd2020

Testing the tradeables • If you could buy 300 units • Then I could consider a volume discount

Don’t disclose your numbers • Retains flexibility • Avoids false expectations

No firm commitments TEST

Page 7: Black Belt Negotiation...Negotiation Generate an extra £27,000 per month How to get the deal you want and build better relationships! The Neuroscience of Negotiation 0 What’s their

©Te

amworkin

gInternationalLtd2020

Whyemotionstakeover

25

friend or foe? freeze, fight, flight

SurvivalFast,automatic

Gut-feel,emotions

ThinkingSlow,analytical

Veryenergyhungry!

conscious

non-conscious

fivetimesmorepowerful

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amworkin

gInternationalLtd2020

minimisedangermaximisereward

TwomotivationsBrain

scanningforthreat

dopamineoxytocin

threat response

reward response

cortisoladrenaline

Whatnegotiatingbehaviours• increasethreat• increasereward

Defend:TunnelvisionWin-lose

Self-focused

Discover:Innovative

Solution-focusCollaborative

Brainrule3-empathymeansthehostagesgofree

Page 8: Black Belt Negotiation...Negotiation Generate an extra £27,000 per month How to get the deal you want and build better relationships! The Neuroscience of Negotiation 0 What’s their

©Te

amworkin

gInternationalLtd2020

Now add your numbers • If you could buy 300 units; • Then I could consider a 13% volume discount

Make a counter offer!

Don't give without getting!

TRADE Pollquestion

Beware: people tend to make rushed, unconsidered counter-proposals virtually

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amworkin

gInternationalLtd2020

Communicationparadox

29

FRANK

DIPLOMATIC

ForthrightDiplomacy

Evasive

Blunt

Harrison Assessments - paradox theory

Irritators are more prevalent virtually

It’s a fair offer… I’ll be honest with you… Considering these unprecedented times…

Page 9: Black Belt Negotiation...Negotiation Generate an extra £27,000 per month How to get the deal you want and build better relationships! The Neuroscience of Negotiation 0 What’s their

©Te

amworkin

gInternationalLtd2020

Beware of nibblers!

Confirm what you’ve agreed

Summarise - closed questions

CLOSE

The record button is a great help in remembering what was said!

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amworkin

gInternationalLtd2020

£300£137+VAT

MakeyournewnegoPaPonskillssPck!

ExclusiveWebinarOffer

[email protected]

onlyavailablefor7days

hcps://team-working.com/negoeaeon-competency-assessment/

Assessyournegotiationskills