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Via The Learning Factor

Want to improve your negotiation skills? Selin Kesebir, Assistant Professor of Organisational Behaviour at London Business School, offers her seven top books

Via David Hain

Imagine trying to communicate with customers that speak 11 different languages and come from dozens of different cultures. How would you help them understand how to manage their debt when they never had credit before? On a recent episode of mypodcast, YPO's 10 Minute Tips From the Top, I interviewed Ian Wason, CEO ofIntelligent Debt Management (IDM), on how he solved these exact problems.

 

Wason, a member of Young Presidents' Organization (YPO), related how his company is able to help clients in South Africa overcome their debt issues with a 90 percent success rate, which is substantially higher than his competitors. The key for him is strong and creative communication. Here are his tips for communicating effectively with your customers.

 

1. Identify their pain.

 

Successful communication with a customer starts with understanding. By identifying their needs, you are more likely to develop an appropriate solution. Moreover, by showing them empathetically that you understand their pain, they will also see that you care and will be more willing to work with you.

Via The Learning Factor

Sometimes, despite your best efforts, a negotiation doesn’t go your way. Perhaps a customer pushed for a steeper discount than you wanted to give, or a potential client went with a competitor’s approach to a project. In the face of a disappointment — one where you might appear to be the “loser” — how do you save face? How do you make sure your reputation isn’t damaged and the relationship with your counterpart is intact?

What the Experts Say
Don’t worry too much about your negotiating prowess just because you lost this round. “A reputation comes from consistent behavior,” says Jeff Weiss, founding partner at Vantage Partners, a Boston-based consultancy specializing in corporate negotiations, and author of the HBR Guide to Negotiating. If you learn from the experience, there’s value to be had. A good way to start is by abandoning the adversarial mindset. “If all you’re thinking about is saving face, you’ve already made the negotiation and its aftermath into a battle,” says Margaret Neale, the Adams Distinguished Professor of Management at Stanford Graduate School of Business and coauthor of Getting (More of) What You Want. Think instead in terms of solutions so that your approach “becomes about problem solving rather than someone trying to win.” That’s where real win-win scenarios begin to emerge. Here’s how to bounce back when a negotiation doesn’t go your way.

Via The Learning Factor

You know those moments when you’re at a dead end in a conversation with your boss, partner, or airline customer service rep? Whether it’s explicitly stated or not, your counterpart is saying, “There’s nothing more I can do,” or “This conversation is over,” but you’re not ready to throw in the towel.

Via Peter Verschuere

After a tense negotiation, it can be tough to work creatively with someone. Do this instead.
Via Fernanda Grimaldi

Your boss proposes a new initiative you think won’t work. Your senior colleague outlines a project timeline you think is unrealistic. What do you say when you disagree with someone who has more power than you do? How do you decide whether it’s worth speaking up? And if you do, what exactly should you say?

Via The Learning Factor