Shared Flashcard Set

Details

Camp Elements
Key Data - Camp's "No"!
26
Business
12th Grade
05/21/2021

Additional Business Flashcards

 


 

Cards

Term
“Needy-Neediness” 
Definition
MOST IMPORTANT
Term

do NOT need this deal

Definition
because to be needy is to lose control and make bad decisions
Term

You do not take it as a personal rejection 

Definition

because you are not needy.

 

Term

union members who want a boost to the ego and 

Definition
can therefore be made to feel needy
Term

he’ll lose discipline, 

Definition

start thinking about the payday, get excited, become needy

 

Term

needy negotiators 

Definition
raise their voices
Term

selling role 

Definition
traps him or                                            her in a neediness mode
Term
trained negotiator sees neediness of all sorts all the time, 
Definition
in big ways and in little ways. 
Term
It is so easy to slip into such a state, 
Definition
often without even being aware of it.]
Term

most immediately beneficial impact on their negotiating work, I’m pretty sure that a plurality, maybe even a significant majority, 

Definition
would identify this simple warning about neediness
Term
they have learned that neediness can have—will have—
Definition
a dramatic, always negative effect on their behavior. 
Term

You must overcome 

Definition

any  neediness at the negotiating table.]

 

Term

self-image of the individual in the selling role 

Definition
traps him or her in a neediness mode and often leads to bad deals
Term
Your adversary in any negotiation must have vision before they can ever take action. I've said it before, I'll say it again: 
Definition
 I've said it before, I'll say it again: no vision, no action. No vision, no decision. No vision, no deals that stick. 
Term
 No vision, no decision. No vision, no deals that stick. This is Human Nature 101, and it’s the subtext, to one extent or another, of much of the preceding material. 
Definition
But what, exactly, do we need a vision of?
Term

Pain. This is what brings every adversary in every negotiation to the table. I realize it’s a harsh word, maybe even offensive to some who perhaps feel it makes negotiation and business into a blood sport. I appreciate this concern, but all too often negotiations do become extremely emotional and can require extremely tough decisions. I use pain only as a technical term.

 

Definition

In my system, pain is whatever the negotiator sees as the current or future problem. People make decisions in order to alleviate and take away this current or future problem—this painPut in these terms, what else would any negotiation concern?

 

Term
... the new leader of the British polity appeared before the House of Commons and was asked for a succinct statement of his wartime policy. His answer: “It is to wage war, by sea, land, and air, with all our might and with all the strength that God can give us: 
Definition
to wage war against a monstrous tyranny, never surpassed in the dark, lamentable catalogue of human crime. That is our policy.”
Term

 

I don't know about you, but I get chills thinking about the passion behind Churchill’s righteous campaign against Hitler. His words in this speech are the perfect way to introduce the subject of pain in a negotiation. With a towering passion and 179 perfectly chosen words, Churchill wanted to paint a picture for his vast audience of the pain of living under— bowing down before—abominable tyranny. He also wanted to paint a second picture, that of fighting against this abomination with, if necessary, the life of the last good man and woman on earth. 

 

Definition

His adversary was the constituency of the Western democracies, and they were never going to make the decision to go to war without a clear vision of the intolerable pain that would follow from Nazi rule.

 

Term

asked how McColl had successfully negotiated over one hundred mergers and acquisitions, and he answered, “I really try to get inside their head before I ever get in the room with them." Exactly! And what was McColl looking for inside the adversary's head? 

Definition

The pain, to use my nomenclature.

As a negotiator, you can and will make a lot of mistakes, of course, but your clear vision of your adversary's pain will see you through thick and thin. As I stated earlier, adhering to your mission and purpose will keep you from going seriously astray in a negative direction. Now you have a tool for keeping you oriented in a positive direction: your vision of your adversary's pain. With both mission and purpose and pain you're in great shape, but without both you’re wandering in the desert.

Term

 

But in a negotiation, pain is big- time serious. This is why I use that harsh word, to emphasize the seriousness of the concept.

 

 

Definition

In every negotiation, “pain” is what brings the negotiator to the table in the first place. It is, in effect, the soft underbelly in his negotiating position, the most vulnerable point.

 

Term

My primary job in this negotiation is to create vision of your real pain, that this is the only machine for your purposes, that this technology is the future of this industry, and that without it your efficiency and your business plan will suffer. 

Definition
Meanwhile, my own pain in this negotiation is that my company has committed 60 percent of its resources to the development of this machine, and we want to establish it as the new industry standard. Our adversaries, if they’re on top of things, will make sure that we know that they know that we’ve bet the farm on this machine. They will have found this out through research, of course.
Term

Other scenarios: Your pain can be your desire to hire this particular person, who is head and shoulders above any other candidate you’ve interviewed; 

Definition

or, on the other side, it can be your desire as the applicant to get this particular job because the salary is twice what you're making now. Or the pain can be your desire as an editor

 

Term
If you’re not working on behalf of your own mission and purpose, 
Definition
you’re working on behalf of someone else’s. That gives everyone pause.
Term

Tough negotiators are experts at recognizing this neediness in their adversaries

Definition

painting rosy, exaggerated scenarios for mega-orders, joint ventures, global alliances, all for the purpose of building neediness

Term

when the neediness is well established, they lower the boom 

Definition
with changes, exceptions, and a lot more—demands for concessions, all of them
Term

another word for all that early chutzpah and ego on my part: 

Definition

neediness plain and simple.

 

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