Scotwork chessNegotiating for Success
 
Scotwork North America
 

 May 2011
 

CEO's message: repackage proposals for shifting economy

As the economy heats up, you'll need to test assumptions and modify approaches. For example, you'll want to measure the balance of power with your buyer or supplier. Plus, you'll need to figure out what those on the other side want to avoid, and what incentives will draw them to your side.

 

A simple analysis (more demand equals less supply and higher costs) may reveal that the side that once held the power no longer does. If so, reevaluate your objectives and repackage the proposal to reflect what's happening now. Good negotiating!

 

Marty Finkle, CEO, Scotwork (NA) Inc.

Negotiation, step 5: package

When packaging a proposal, recognize the two fundamental styles of negotiating: competitive and collaborative. By understanding the factors that affect these styles, you can influence the other party's actions and help achieve the desired outcome.

 

Among the characteristics and behaviors of the two negotiating styles:

 

Cooperative (Win-Win)

-Voluntary relationship

-Trust

-Emotionally detached

-Skilled negotiators

 

Competitive (Win-Lose)

-Mandatory relationship

-Suspicion

-Emotionally involved

-Poor negotiators 

 

Next month we'll address step 6, bargain.

 

 

 Eight Steps

 

1. Prepare, 2. Argue,

3. Signal, 4. Propose,

5. Package, 6. Bargain,

7. Close, 8. Agree

Tutor's corner: effectively deal with competitive negotiators

Rich Waldrop

Rich Waldrop

Bio   Email

Some people view negotiating as a game to be won, while others are just naturally competitive. Some tips on dealing with these types of negotiators:

  • Plan the size of your negotiating team to avoid being outnumbered.
  • Double-check your facts so they can't be used against you.
  • If the negotiator uses overly critical language, stay calm and then recap what he/she said, which may prompt an apology.
  • Beware of late demands during closing.

Watch Rich's video address on this topic.

Ex-owner can dictate parking fees

Ballpark at ArlingtonTom Hicks, former Texas Rangers' owner, has the balance of power and can set his price for parking, says Sava Vojcanin of Clausen Miller. Way to go, Sava, our April winner! 

 

Highlights of Sava's winning analysis

Since Hicks retained control of the parking spaces, he holds all the cards. Plus, a lease might be attractive to Hicks, who would receive a lease check instead of running an operation that costs him money. At the same time, leasing would also help the Rangers define their costs.

 

Enter the contest below on Happy Days, and win a bottle of wine or a seat at our course!  

Happy Days stars "not-so-happy" lawsuit: what will they recover?

Happy Days cast

Several stars of Happy Days, one of TV's most popular shows (1974-84), claim they've been cut out of merchandizing profits from tee shirts, comic books, slot machines and other products with their images. They've filed a $40 million breach-of-contract lawsuit against CBS. The key points:

 

Happy Days' cast (not including stars Henry Winkler & Ron Howard)

-Under contract, CBS was supposed to pay us 5% for solo images and 2.5% for group images, but the network hasn't paid up.

-We're owed millions of dollars.

-Case could set precedent, as many other actors haven't been paid royalties owed to them.

 

CBS

-Actors are only owed about $9,000 apiece for past 4 years (from papers obtained).

-We've been working with the actors "for quite some time" to resolve the issue (press statement).

    

Win a bottle of wine...

How likely are these actors to recover the millions they're asking for? What factors will determine how much they get? Who holds the balance of power and why?

 

Email us (wine in subject line) by June 13. We'll publish the best answer next issue and send the author a bottle of fine wine.

 

...Or win a seat at our course!

Marty Finkle teaching class

Your entry (win or lose) will be placed in a drawing later this year for a free seat at an Advanced Negotiating Skills course for you or the person of your choice.

Meet our

 lead tutors 
Marty Finkle
Marty Finkle

Bio    Email

Sandy Sbarra

Sandy Sbarra

Bio    Email

 

 

Simon Letchford

Bio  Email 

 

See Rich Waldrop's bio and email in Tutor's Corner.

 

Associate tutors

-David Boucher

-Jill Campen

-Al Green

-Jerry Langlois

-John Leehman

-Gaetan Pellerin

-Johnna Wellesley

Register for
 open courses
Sandy Sbarra


Register here for the Advanced Negotiating Skills course on June 20-23 or on any of these dates: 

    

Parsippany, NJ  

-June 20-23

-July 11-14

-Aug. 22-24 ("Next steps")

-Sept. 12-15

-Oct. 10-13

-Nov. 7-10

-Dec. 5-8

 

Other sites  

-Aug. 8-11 (CA)

-Sept. 26-29 (IL)

About Scotwork

North America

Scotwork Negotiating Skills: www.scotworkusa.com

 

Scotwork (NA) Inc. is the North American division of Scotwork Negotiating Skills, the world's largest independent provider of negotiation skills training and consulting with offices in 31 countries.


Its seasoned negotiators offer consulting and training in 17 languages to more than 9,000 executives and managers worldwide. Scotwork's clients receive an average return of 10 times the course fee within three months.

Share your success!

If you're a Scotwork client, email your negotiating success story. We may publish it in our next issue.

Contact us
Scotwork (NA) Inc.
400 Lanidex Plaza

Parsippany, NJ 07054
973.428.1991
usa@scotwork.com

www.scotworkusa.com

 

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