B2B Street Fighting Blog

are you hearing a 'death rattle' in your b2b negotiation?

Posted by Joe Gordillo on Wed, Dec 05, 2012 @ 11:37 AM

death rattle in negotiationI recently read an article that talked about how a team member, during the beginning of a deal had "expressed need – the death-rattle of any negotiation." I see two problems with this quick assessment. First of all, it unequivocally highlights the value of having internal alignment when negotiating a deal. Does every team member understand what the negotiation strategy is, its details, what tactics to use and expect in return? Before you can adequately execute a negotiation strategy, internal alignment on the deals' objectives, elements and ranges is a key success factor. Clearly understanding your alternatives, as well as your opponent's alternatives, allows you to put things in perspective and develop gainful communications during the negotiation process.

In order to achieve effective alignment, a cross-funtional team needs to establish acceptable guardrails or ranges for the items that are likely to become part of a deal. Many teams go as far as establishing financial hurdle rates or other analytical tools to help quantify the value you trade when negotiating deals. Furthermore, although communication needs to be open and fluid, there also needs to be guidelines; "do's and don'ts" so to speak, so that the process remains manageable and true to the strategy you have outlined.

Secondly, 'expressing needs' during a negotiation is a useful part of the process and does not need to be viewed as a 'death-rattle.'  Not only do we need to properly express needs and make sure that they are understood and well positioned, we also need to be able to 'discover needs,' by asking well-thoughtout questions and probing for underlying interests. Understanding each others' needs is what allows us to 'grow the pie' and arrive at more productive and mutually beneficial agreements.

Tags: negotiation skills for sales

Think! named to Inc. list of
America's fastest growing private companies

Think! named to Inc. 500|5000

about this blog

The B2B Street Fighting blog brings you the latest on what's happening in the real world of business negotiation.

Contact Think!


complete below to get NEW posts
delivered to you

our must-read books on business negotiation

Whether you are in sales or procurement, we have the books you need to read.

For sales professionals:

B2B Street Fighting

For procurement professionals:

negotiation blueprinting for buyers

 

Sales-Negotiation-Training-