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The Plugged-In Manager ThePluggedInManager.com TerriGriffith #PIM Think Power Negotiate Well

Think Power: Negotiate Well

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Presentation for Silicon Valley Women in Human Resources...and Friends group.

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Page 1: Think Power: Negotiate Well

The Plugged-In Manager

ThePluggedInManager.com

TerriGriffith #PIM

Think Power Negotiate Well

Page 2: Think Power: Negotiate Well

Imagine a world where it was simply understood that women were the best

negotiators & change managers

Page 3: Think Power: Negotiate Well

Worksheet

“Describe your last negotiation in outline form”

What were the key aspects of the negotiation?

Page 4: Think Power: Negotiate Well

http://quickbase.intuit.com/blog/2012/06/06/career-advice-from-sheryl-sandbergs-hbs-commencement-speech/

“Women Underestimate Their Abilities Compared to Men”

Page 5: Think Power: Negotiate Well

Depressed Entitlement EffectJost, 1997

$8.22 $9.73

Page 6: Think Power: Negotiate Well
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Negotiation’s Impact Over Career

1 4 7 10 13 16 19 22 25 28 31 34100000

150000

200000

250000

300000

350000

400000

MaleFemaleMale .5% Raise In-crement

Based on Babcock & Laschever http://bit.ly/MhNuVy

Page 8: Think Power: Negotiate Well

Post-MBA Earnings

Male

Female

Male

.5% Rais

e Incre

ment5000000

5500000

6000000

6500000

7000000

7500000

35 Yr Total

35 Yr Total

Based on Babcock & Laschever http://bit.ly/MhNuVy

Page 9: Think Power: Negotiate Well

http://www.flickr.com/photos/toffehoff/244870162

Page 10: Think Power: Negotiate Well

http://quickbase.intuit.com/blog/2012/06/06/career-advice-from-sheryl-sandbergs-hbs-commencement-speech/

“If you are offered a seat on a rocketship, don’t ask what seat, just get on.”

Page 11: Think Power: Negotiate Well

Find Your Power Place

Page 12: Think Power: Negotiate Well

“scientia potentia est”

Knowledge is PowerAttributed to Thomas Hobbes 1658

Page 13: Think Power: Negotiate Well

Not what people want, but why they want it

… and finding ways to address underlying preferences/priorities that satisfy your own

Page 14: Think Power: Negotiate Well
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Best

Alternative to

The

Negotiated

Agreement

…BATNAs can be power too

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Be Strategic In Your Preparation

• What’s your BATNA?• What’s the other party’s BATNA?• What are the issues & outcomes?• What are the other party’s issues &

outcomes?• How are the outcomes valued?• Strategies and techniques you can apply?

Page 17: Think Power: Negotiate Well

Project Lead You Other Team Member

Start Date

Today +7 +7 -2

Next Week +6 +6 -1

Two Weeks +5 +5 +5

Project Deadline1 Month +4 -4 -4

2 Months +2 0 0

3 Months -1 +1 +1

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Getting the Details

• Ask Questions• Give Information• Offer Packages – For 2 Reasons• Add Issues• Break Issues Apart

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Think PowerSet the Scene

Trade-OffSolve Puzzles

Create Value for All

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Negotiation…It’s not just for deals:

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• Using All Your Resources• Being Effective in Your Job• Being Effective in Your

Teams• Being Effective in Your

Leadership of Others

Page 25: Think Power: Negotiate Well

Business objectivesUniverse (context, history)Information needsLaws (policies, required procedures,

regulations)Dynamics (timeframe, sequencing)Events (milestones)Reach (magnitude)

Page 26: Think Power: Negotiate Well

You Have to Ask

Page 27: Think Power: Negotiate Well

Would The Plugged-In Manager be good for an on-boarding goodie bag?

Do you know any Plugged-In Managers who would do 20 minutes of scenarios for our scoring key?

Page 28: Think Power: Negotiate Well

TerriGriffith.com

ThePluggedInManager.com

TerriGriffith