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Negotiating for Success 
October 2014 
In this issue...
Webinar Nov. 21: Assess your power for better results
Blog: Be tough...not nasty
How would you handle this issue?
Advice to supplier: Offer to help buyer boost revenues
Roundtable: Key negotiation trends addressed
Meet our
lead tutors
Sandy Sbarra
Rich Waldrop
Simon Letchford
Jill Campen
Gaetan Pellerin
Jerry Langlois

Associate tutors

Ananda Laberge 

Ross LaGumina 

John Leehman 

Julie Shen   

 

Open courses All courses are
Advancing Negotiation Skills (ANS) unless
otherwise indicated.

Parsippany
-Dec. 1-2 (ANS2)
-Dec. 8-11
-Feb. 16-19
-March 16-19

New York City
Jan. 20-23   
  
Toronto
Nov. 10-13

Houston
Nov. 17-20

Raleigh, NC
Dec. 1-4

Columbus, OH
Dec. 8-11  

San Francisco area 
Feb. 2-5 

Chicago
March 2-5   

 





CEO's message: Discover your power                                   
 

   

You may have far more negotiating power than you think. Because power doesn't just come from a company's size, net worth and notoriety. Often, it's a function of understanding precisely what you want--and what the other side wants, which, in the case of a large corporation, could mean prestige or options you may have never considered.

 

Last month, I heard the owner/founder of a specialty food product recount his struggles as a start-up looking for shelf space in a major supermarket, which had requested $200,000 for this privilege. With no money, the owner needed a creative negotiating approach and even offered to give up his manufacturing plant if his products didn't sell. That's how confident he was. Today, a decade later, his company is worth more than $1 billion.

 

I'm not suggesting that you offer to relinquish something as valuable as your plant in your next negotiation. But have faith in your position.

 

To learn more about assessing your power, I invite you to our complimentary 30-minute webinar on Nov. 21, 11:30 a.m. to 12 noon EST, led by Sandy Sbarra. To register, email us.

    

 

 


Marty Finkle, CEO      
  

Webinar Nov. 21: Assess your power...get better results!

Join us in this complimentary 30-minute forum
Sandy Sbarra

 

Which side has the power in a negotiation? And how do you shift the balance of power in your favor?  

 

Be part of Scotwork NA's inaugural webinar on Friday, Nov. 21, 11:30 a.m. to 12 noon EST.  You'll be able to submit questions to Vice President Sandy Sbarra, who will lead the discussion. 

 

 
Topics
  • What is power balance?
  • Identify both sides' wants & want to avoids.
  • Compare strengths & weaknesses.
  • Determine what "no deal" would cost you.

No fee is required, but you must pre-register as space is limited. All attendees will be eligible to win a $100 Amazon gift card. To register, email us.

Blog: Be tough...not nasty               

 

How can you be assertive in a negotiation without being nasty?  

 

Alan Smith explains the right approach for creating value while satisfying both parties.  

 

Read his blog.   

How would you handle this negotiation issue? Earn $500 course credit                              

As the buyer, you had put out an RFP to four business service vendors and received a high bid, a moderate bid, a low bid, and a no bid (from the incumbent, your favorite). It's certainly not the outcome you had hoped for.  

 

 

 

How would you handle this situation as the buyer or as the incumbent?  

 

Explain your solution in 200 words or less. The individual with the best response will win a $500 credit toward any Scotwork course or consulting service.  Email us with "solution" in the subject line by Nov. 10.    

 

See the solution to last month's contest below. 

Winning advice to supplier: Offer to help buyer boost revenues                               

Congratulations to Christine Schumm of Straumann, who earned a $500 course credit for her solution to last month's question, "How would you handle this negotiation issue?"

 

Here's the conversation she thinks the supplier needs to have with the other side (after learning that the buyer wasn't being truthful about another supplier's low bid):  

 

"If you'd be willing to schedule a meeting with me to discuss how our company can focus on increasing your top-line revenue, I'd be willing to prepare a preliminary business plan in advance of the meeting. I'm confident that we can deliver a strategy offering geometric returns that will, at a minimum, offset the 3% price increase."   

Executive roundtable: Key negotiation trends addressed                              
Brian Smith of Talisman Energy (l) and Marty Finkle at Scotwork NA's executive roundtable















Negotiation skills are becoming increasingly essential, beyond just buying and selling--one of the many trends discussed by more than 30 business executives who gathered for Scotwork NA's roundtable on Sept. 30 in New York City. 

The next roundtable will be in June, so email us for information on speaking and sponsorship opportunities
. 
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