Using Negotiation Skills During The 5 Stage Program To Attaining Lucrative Deals In China
1. Negotiation goal
For many the purpose of negotiation is a substantive outcome and material gain. In China the deal is about the relationship and there is no better way to succeed in doing business than through a close alliance, so think about investing a lot of time in this pre-negotiation phase.
The goal of negotiation is not the signed contract and unexpected circumstances are resolved through the partnership; the agreement is more a sign of the intent to do business together than a legally binding record. Trust is the basis of the contract and the fact that you have signed an agreement does not actually mean that the deal is closed; it means that a relationship has been established.
2. Negotiation approach and communication approach
The Chinese negotiation approach is one of teamwork and problem solving whilst still focused on the bottom line.
The communication style is expressed by using titles, following procedure and being very respectful and aware in discussions. Always start with an official approach, using first names and an informal style is dangerous and can be considered offensive and interpreted as an act of disrespect.
When you negotiate, listen carefully to determine the true meaning. It is unusual to hear a direct no and you will more likely hear "it is difficult" which in fact does mean that you have no chance of success. Do not anticipate to receive direct clear responses, because you will try to resolve a situation that "is difficult" when in fact it can't be resolved.
3. Time perception
A lot of time is expended in building up a relationship which is a symbol of respect and which is supposed to be reciprocated. For Westerners time is sacred and the Chinese usually exploit this fact. Preparation is therefore important, create options and let your counterpart know that they are is not the only one who can walk away from the deal. Bear in mind that "tomorrow" or "next week" often doesn't literally mean the following day or week; but this could mean "in the future".
4. Negotiation style
What for most Westerners may seem to be innocent socialising is in fact their way of gathering information.
Chinese negotiators are competent in the art of positioning & framing, the complexities of pricing and the use of time as a negotiation tactic. They have excellent negotiation skills and will often use negotiation tactics to humiliate or shame their counterpart in order to create stress and gain the advantage. Take the blame if a problem develops whether you are accountable or not and do not counter with disrespect.
Your whole team is advised to attend the appointments and it's vital to arrange for someone with a position of authority within your organisation to make the introductions and to escort you during meetings. Without visible official support, you will be delivering the wrong message about how genuinely you view the negotiations.
5. Team based negotiations
The Chinese almost always negotiate in a team. It is not always clear who the leader is and who has total authority to decide issues. Although decisions are made by consensus, there is usually one leading authority who may not be very active during negotiations. Gain the attention of their senior negotiator and direct your most persuasive and logical arguments towards him. The rest of the team normally plays the role of an advisory body.
Industry Meltdown: Using Your Negotiation Skills To Guarantee Your Security
In times of market instability, it is advisable to move away from price as the key negotiation factor and concentrate on 'loss framing', creating more alternatives, reciprocation and value in order to reach agreement and realise your objectives in negotiations.
Improve Your Sales Negotiation Skills By Deploying And Challenging Influence In Your Negotiations
By developing options in your negotiation, you are deploying the single most effective way to developing authority for yourself in negotiations.
Make Sure To Look At These 2 Elements When Seeking A Business Negotiation Initiative, It Will Be A Mistake Otherwise
Developing a strong negotiation capability is contingent on critical factors: The negotiation strategy, process, the individual's skills and the supporting network. Relying on the negotiation abilities of people is a familiar oversight businesses make.
Develop Your Negotiation Skills By Using This Advice On Dealing With The Vice Tactic In Your Negotiations
You will inevitably have to negotiate with counterparts who use tactics against your organisation. It is very important to be able to recognise negotiation tactics and have the confidence and negotiation skills to counter them successfully.
Sales Education In Today's Industry Atmosphere
Sales coaching is a tool of modern day sales and was totally unnecessary in days gone by when people frequented local businesses in their small towns as a matter of course. Because of limited opportunities and means of travel, the local hardware store and grocery were usually the first choice for most people's needs
Use Your Negotiation Skills To Help Handle Stressful Discussions
Difficult conversations present themselves from time to time. Perhaps you need to tell someone that their services are no longer required or perhaps you have done something for which you need to apologise.


