Pushy boardroom bullies... battling agendas... conflicts of interest. Here are the most common drivers of trouble in the boardroom, and tools for making things right.
Delivered in Riverdale or UK Wide or OnlineRiverdale or UK WideorOnlineFlexible Dates
Any successful business manager will tell you that you never get the deal you deserve - you always get the deal you negotiate!
This two-day workshop includes recent research and practical techniques from the Harvard Business School Negotiation Project and provides a unique opportunity to learn and practice these skills in a safe environment using up to date materials and life-like practice negotiation case studies.
This course will help participants to:
Understand the basics of negotiation
Develop negotiating skills
Increase their business acumen
Develop their communication skills
Learn the models, techniques and tools for an effective negotiation
Identify the barriers to agreements
Close the deal
1 What is negotiation?
Key skills for negotiation
Types of negotiation
Win-lose negotiations versus Win-win negotiations
Wise agreements and Principled Negotiation
2 Four key negotiating concepts
BATNA - Best alternative to negotiated agreement
Setting your reservation price
ZOPA - Zone of possible agreement
Creating and trading value
3 Business acumen
Understanding pricing, gross margins and profit
Knowing the key points on which to negotiate
4 A Four Phase Model for negotiation
Nine steps to successful planning
Discussing a deal - creating and claiming value
Making and framing proposals
Bargaining for the winning deal
5 Effective communication
Effective questioning
Active listening skills
Understanding and interpreting body language
Barriers to effective communication
6 Understanding influence and persuasion
Influencing strategies
Ten proven ways to influence people
Six universal methods of persuasion
Understanding why people do business with other people
7 Negotiating tactics
Tactics for win-lose negotiations
Tactics for win-win negotiations
Effective team negotiating
Understanding and using powerv
What do you do when the other side has more power?
8 Barriers to agreement
Common barriers to agreement
The Negotiators Dilemma
Dealing with die-hard negotiators
Dealing with lack of trust
9 Potential barriers to cross-border agreements
Understanding business methods and practice in other cultures
Figuring out who has the power and who makes decisions
Recognising and dealing with cultural differences
What's OK here might not be OK there
10 Closing the deal
Four steps to closing the winning deal
Delivered in Harpenden or UK Wide or OnlineHarpenden or UK WideorOnlineFlexible Dates
In today's competitive business world firms are under unprecedented pressure to deliver value to their shareholders and other key stakeholders. Senior executives in all parts of the organisation are finding that they need some degree of financial know how to cope with the responsibility placed on them as business managers and key decision-makers; monitoring and improving business performance, investing in capital projects, mergers and acquisitions: all require some degree of financial knowledge. The key financial skills are not as difficult to learn as many people believe and in the hands of an experienced senior executive they can provide a formidable competitive advantage.
After completing this course delegates will be able to:
Understand fundamental business finance concepts; understand, analyse and interpret financial statements: Profit Statement, Balance Sheet and Cashflow Statement
Understand the vital difference between profit and cashflow; identify the key components of working capital and how they can be managed to generate strong cashflow
Evaluate pricing decisions based on an understanding of the nature of business costs and their impact on gross margin and break-even sales; managing pricing, discounts and costs to generate strong business profits; understand how lean manufacturing methods improve profit
Use powerful analytical tools to measure and improve the performance of their own company and assess the effectiveness of their competitors
Apply and interpret techniques for assessing and comparing investment opportunities in capital projects, business acquisitions and other ventures; understand and apply common methods of business valuation
Understand the role of business finance in formulating and implementing competitive business strategy; the role of budgeting as part of the planning process and the various approaches to budgeting and performance measurement
1 Basic principles
Delivering value to key stakeholders
Accounting concepts, GAAP, IFRS and common terms
Understanding and using the balance sheet
Understanding and using the profit statement
Recognising the vital difference between profit and cashflow
Understanding and using the cashflow statement
What financial statements can and cannot tell us
2 Managing and improving cashflow
Sources of finance and their advantages and disadvantages
What is working capital and why is it so important?
Managing stocks, debtors and creditors
Understanding how working capital drives business growth
Understanding and avoiding the over-trading trap
Unlocking the funds tied up in fixed assets: asset backed loans and leasing
3 Managing and improving profit
Understanding how profits generate cashflow
The fundamental nature of costs: fixed and variable business costs
Understanding gross margin and break-even
How common pricing methods affect gross margin and profit
Effective strategies to improve gross margin
Using value chain analysis to reduce costs
Lean manufacturing methodsUnderstanding Just-in-time, 6 Sigma and Kaizen methods
Improving profitEffective and defective strategies
4 Measuring and managing business performance
Measures of financial performance and strength
Investor behaviour: the risk and reward relationship
Return on investment (ROI): the ultimate measure of business performance
How profit margin and net asset turnover drive return on net assets
Why some companies are more profitable that others
Understanding competitive advantage: cost and differentiation advantage
Why great companies failWhat happened to Kodak?
Using a 'Pyramid of Ratios' to improve business performance
Using Critical Success Factors to develop Key Performance Indicators
5 Budgeting and forecasting methods
Using budgets to support strategy
Objectives and methods for effective budgets
Using budgets to monitor and manage business performance
Alternative approaches to budgeting
Developing and implementing Balanced Scorecards
Beyond Budgeting
Forecasting methods and techniques
Identifying key business drivers
Using rolling forecasts and 'what-if' models to aid decision-making
Delivered in Harpenden or UK Wide or OnlineHarpenden or UK WideorOnlineFlexible Dates
The 'golden rule' of negotiation is simple - don't!
But life's rarely that simple and very often we do have to negotiate, particularly if we want to win the business and especially if we want to win it on our terms.
Such negotiations are crucial. We need to prepare for them. We need a strategy, and the skills to execute it.
Does your team have a structured approach? Is it flawlessly executed, every time? Or is there room for improvement?
This programme will help them master the six fundamentals of closing better business:
Manage all these elements well and you will win more business, more profitably.
This course will help participants:
Negotiate from a position of partnership, not competition
Deal more effectively and profitably with price objections
Identify and practise successful sales negotiating skills
Identify strengths and weaknesses as a sales negotiator
Understand different types of buyer behaviour
Learn to recognise negotiating tactics and stances
Apply a new and proven structure to their business negotiations
Identify and adapt for different behavioural styles
Be alert to unconscious (non-verbal) communication
Prepare and present a proposal at a final business negotiation stage
Project confidence and exercise assertiveness in all sales negotiations
1 Planning for successful business negotiations
This session introduces the concept of business negotiation and looks at its importance in the context of the participants' roles and activities. It briefly examines why we negotiate and the dynamics involved.
Session highlights:
What kind of a negotiator are you?
Negotiation skills self-assessment and best practice
How to establish roles and responsibilities for both parties
How to identify and set objectives for both buyer and seller
How to research and establish the other person's position (business negotiation stance)
2 How to structure your negotiations
This module presents an eight-step framework or structure for use in negotiations and considers how best to prepare and plan your negotiations within the context of a supplier/customer relationship or business cycle. It also includes a brief review of legal responsibilities and what constitutes a 'deal'.
Session highlights:
Learn and apply a formal structure to use when negotiating
How to establish short- and longer-term objectives and opportunities
How best to plan, prepare and co-ordinate a major business negotiation meeting, or on-going negotiations
Understanding of basic legal and organisational requirements
3 Verbal negotiation skills
This session examines the human and communication dynamics inherent in any negotiation situation. It emphasises the importance of professional skills in preparing for a negotiation by identifying needs, wants and requirements accurately and by qualifying the competitive and organisational influences present.
Session highlights:
How to fully 'qualify' the other party's needs, requirements and constraints during the negotiation process by using advanced questioning and listening skills
How to pre-empt negotiation objections by promoting and gaining commitment to options, benefits, value and solutions
How best to propose and suggest ideas, using drawing-out skills
4 Non-verbal negotiation skills
This module highlights how different personal styles, corporate cultures and organisation positions can influence events, and demonstrates practical methods for dealing with and controlling these factors. It also examines key principles of body language and non-verbal communication in a practical way.
Session highlights:
Gaining rapport and influencing unconsciously
Understanding the importance of non-verbal communication; reading other people's meaning and communicating effectively as a result
Ensure that non-verbal behaviour is fully utilised and observed to create maximum impact and monitor progress (eg, buying signals)
Recognising that business negotiations are precisely structured and agreements gained incrementally
5 Proposing and 'packaging'
This session highlights how best to present and package your proposal. It looks at how to pre-empt the need for negotiating by creating minor-options and 'bargaining' points, as well as how to manage the expectations and perceptions of the customer or buyer.
Session highlights:
How to identify the key variables that can be negotiated
The power and use of 'authority' within your negotiations
How to structure and present your proposal, ideas or quotation to best effect
The importance of when and how to identify and influence buyer's objections
6 Dealing with price
This module highlights how to best present and package price within your proposal or negotiation. In most cases, price has more to do with psychology than affordability and preparation and careful handling are essential.
Session highlights:
The three reasons that people will pay your asking price
How to set price in a competitive market
The key differences between selling and negotiating
Ten ways to present price more effectively and persuasively
7 Getting to 'Yes': tactics and strategies
There are many different tactics and strategies common to successful negotiators. This session looks at those that are most appropriate to the participants' own personal styles and situations. The importance of 'follow-through' is also explained and how to deal with protracted or 'stale-mate' business negotiations.
Session highlights:
How to negotiate price and reduce discounting early in the process
How to recognise negotiating tactics and strategies in your customer or supplier
Key strategies, techniques and tactics to use in negotiation
The importance of follow-through and watching the details
How to deal with stalled business negotiations or competitor 'lock-out'
8 Case studies and review
This session examines a number of different situations and participants discuss ways to approach each. This will allow learning to be consolidated and applied in a very practical way. There will also be a chance to have individual points raised in a question and answer session.
Session highlights:
Case studies
Question and answer
Planning worksheet
Negotiation 'toolkit' and check-list
9 Personal action plans
Session highlights:
Identify the most important personal learning points from the programme
Highlight specific actions and goals
Flag topics for future personal development and improvement
Delivered in Harpenden or UK Wide or OnlineHarpenden or UK WideorOnlineFlexible Dates
Give your staff market-leading delivery skills and intercultural communication techniques with our unique course. TILT has been delivered to military and commercial clients and is seen as best-practice for those training internationally.
Delivered in Southampton or UK Wide or OnlineSouthampton or UK WideorOnlineFlexible Dates
You can handle the tough stuff with the help of this comprehensive, interactive and thought-provoking course. Our trainers are experienced managers who will guide and support you through the intricacies of people and personal management.
The key responsibilities of the manager
A manager’s impact on the business and its staff
Being a role model
Communicating with confidence
Questioning skills
Managing hybrid teams
Assertiveness techniques
Managing team performance with ease
Giving great feedback
Prioritising like a winner
Time management techniques
Delegating effectively
Delivered in Southampton or UK Wide or OnlineSouthampton or UK WideorOnlineFlexible Dates
Price on Enquiry
Intellectual property - the business perspective (In-House)
This one-day programme explores the role of intellectual property (IP) in relation to innovation and creativity. It examines the different forms as well as the key processes, together with some of the oddities and idiosyncrasies of the legal regime that protects IP. It delves into the various IP models you should be aware of as well as key IP facts and figures and current IP trends across the global economy.
This session is designed to give you a deeper understanding of:
The main forms of intellectual property
The importance of IP - both to your organisation and to the wider economy
The key processes in the creation, commercial exploitation, and legal protection of IP
The different models for the use of IP
Some more advanced concepts for reviewing, valuing and managing IP
1 Main forms of intellectual property (IP)
Patents
Trademarks
Copyright
Design
Trade secrets
2 Global IP business context
Global IP facts and figures
Figures for key jurisdictions
Analysis of a company using IP data
IP trends
Overview of the key entities in the IP sector
3 Key IP processes
IP creation
IP portfolio management
IP enforcement
IP exploitation
IP risk management
4 IP models
IP models explained
IP licensing
IP litigation
5 IP concepts
The IP maturity ladder
Relative IP value and risk
Axis of control
6 IP as an asset class
Costs
Valuation
Financial perspective
Delivered in Harpenden or UK Wide or OnlineHarpenden or UK WideorOnlineFlexible Dates