Risk Analysis in Negotiation
Conducting Risk Analysis on important business recommendations or actions can help anticipate and manage problems in implementation. This process can be applied to negotiation...
Adding Value to your Concessions
Reaching profitable agreement with the buyer is best achieved via a succession of concession exchanges, on a one-for-one basis.
Typical manufacturer concessions include delivering on...
Devaluing the Buyer’s Concessions
Reaching profitable agreement with the buyer is best achieved via a succession of concession exchanges, on a one-for-one basis.
Typical retailer concessions include giving extra...
How to Say “No”
During negotiation, the ‘give and take’ environment can make it difficult for the seller to say "no" to impossible requests (i.e. requests for over-rider,...
The “Art” of Signalling in Negotiation
The bargaining power of numbers in negotiation can be considerably enhanced by developing skills in the interpretation and transmission of verbal and non-verbal signals.
Whilst...
Watching the “Action” in Negotiation: Signalling via Body Language
Since 70% of communication is non-verbal, then relying simply on the ‘words’ means we could miss two thirds of the action.
Body language includes any...
Keeping Check in Negotiation: Size of the Deal on the Table
Bearing in mind the need to avoid ‘piece-meal’ exchange of concessions in negotiation, it is essential to place all moves within a financial context...
Negotiating the Price
Having established a financial context for the negotiating session, it is essential to take a structured approach to negotiating the price.
Essentially, having calculated a...
Calculating the Chances of a Positive Outcome in Negotiation
Coming from a sales tradition where optimism rules, the NAM is inclined, even encouraged, to avoid all concept of risk in negotiation.
However, in recognising...
When the Buyer wants “More”
Making a final offer in negotiation is often difficult, especially when the buyer feels that more is available ‘for the asking’. Indeed, to offer...