• The Cutting Edge Japan Business Show

  • 著者: Dr. Greg Story
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『The Cutting Edge Japan Business Show』のカバーアート

The Cutting Edge Japan Business Show

著者: Dr. Greg Story
  • サマリー

  • For succeeding in business in Japan you need to know how to lead, sell and persuade. This is what we cover in the show. No matter what the issue you will get hints, information, experience and insights into securing the necessary solutions required. Everything in the show is based on real world perspectives, with a strong emphasis on offering practical steps you can take to succeed.
    copyright 2022
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  • Real World Business Negotiating In Japan
    2024/04/28
    We have many images of negotiation thanks to the media. It could be movie scenes of tough negotiators or reports on political negotiations with lunatic led rogue states. Most of these representations however have very little relevance in the real world of business. A lot of the work done on negotiations focuses on “tactics”. This is completely understandable for any transactional based negotiations. Those are usually one off deals, where there is no great likelihood of any on-going relationship continuing between buyer and seller. This is false flag. The aim of sales is not a sale. The aim is repeat orders. If you want to be permanently in 100% prospecting mode, then transactional selling is fine. That gets tiring and is tough, as you have to spend all of your time hunting because you can’t farm. Now there will be some cases with buyers, where that is how it rolls and there is not much you can do about it. The majority of salespeople though are trying to strike up a lifetime relationship with the buyer, so that the orders keep coming rain, hail or shine. The style of negotiations for this business play are completely different to the one-off, transactional occasion. In this world “tactics” are only partially relevant. Going one up on the buyer, getting the better of them, isn’t sustainable in a continuing relationship. They remember what you did to them and they definitely don’t like it. They either dump you completely as the supplier or they even it up down the road. They don’t forget and they don’t forgive. Technique has a role, in the sense that there are certain best practices in negotiating, which we should observe. The philosophical starting point though is key. What are we trying to do here, what is our purpose? Are we trying to build an on-going business relationship where we become the favoured supplier or are we after a one–off smash and grab deal? If you highly evaluate the lifetime value of the customer and this is your main consideration, then you will have a lot of commitment to win-win outcomes. The consideration of the communication style of the buyer is another important negotiating consideration. How we communicate with the buyer will vary, that is, if we know what we are doing. Clueless salespeople will have one default mode – the way they personally like to communicate and that is all they have in their tool box. Professionals understand that if the buyer is micro focused, we go with them on facts, detail, evidence, testimonials, proof etc. If they are the opposite, then we talk big picture and don’t get bogged down in the smaller details. We describe what future success looks like. If they are conservative, self-contained and skeptical, we drop the energy level to match theirs. We don’t force the pace, we spend time having a cup of tea to build the trust in the relationship. We mirror what they like. If the buyer is a “time is money” hard driving, take no prisoners type, then we don’t beat around the bush. We get straight down to business. In rapid fire, we lay out the three key reasons they should buy, we get their order and then get out of their office pronto. With this analysis in mind, we prepare for the negotiation by analyzing the buyer’s perspective. We use what we know about them and their situation to build up a picture of what they will need from the deal we are negotiating. We match that with what we can provide and we amplify the value we bring to the equation. We now set out our BATNA – our “best alternative to a negotiated agreement”. This is our walk away position. We have analysed the potential of this client, by looking at their lifetime value as a buyer. This can have a big impact on how we see the pricing. When negotiating with a big multi-national buyer, I had to take a painful hit on my pricing. I only agreed to this though, because the volume in the first year was very substantial and the understanding was that this would be repeated annually. Now, it may not become annual, who knows, but if it does, then this is a major feast of guaranteed farming that allows a better balance to all the other hunting required. In another case, I “fired” the buyer because their pricing requirement was too low. There was no prospect of any on-going business and the volume was not attractive. When you believe you bring value, you enjoy inner confidence in your pricing. We all have our positioning in the market. If we want to maintain that, then we have to be prepared to reject low ball offers that damage our position and our brand. Hopefully you don’t have to do this too often, because you can convince other buyers to pay the full tariff. In most cases, sales negotiating requires a holistic approach, rather than a “mechanical” tactics driven approach. Decide what type of relationship you want with the buyer. If it is win-win, then we are ...
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    13 分
  • Be Careful of Client White Noise
    2024/04/21

    Sales people are always under pressure to meet their targets. In high pressure situations, this creates certain behaviours that are not in tune with the client’s best interests. We know we should listen carefully to what the client wants, before we attempt to suggest any solution for the buyer’s needs. We know that by asking well designed questions, we can possibly come up with an insight that triggers a “we hadn’t thought of that” or “we haven’t planned for that” reaction at best. At worst, at least they know whether we have a solution for them or not. Under pressure though, salespeople can temporarily become deaf toward the buyer.

    Even assuming they are smart enough to ask questions in the first place, they may fall over when it comes to carefully listening to the buyer’s answers. They can hear some buyer white noise in the background while they are thinking about their own interests. They are self absorbed and are not plumbing the depths of what the client is trying to achieve. In fact, they are ignoring the hints and nuances in the sales conversation. Well then, what are they doing? They are fixated on their own needs, their own target achievement, their own big bonus and their job security.

    The client may have outlined what they had in mind at this stage, but that won’t scratch because the salesperson needs a bigger sale to make target. They need to expand what the client wants, regardless of whether the client needs that solution or not. Upselling and cross selling are legitimate aspects of sales, but the purpose has to be very clear. It is not about making the salesperson more money. It is serving the client in a deeper way.

    The client may not have the full view of what is possible, because they will never know the seller’s lineup of solutions as well as the salesperson. They will also not have had deep conversations with their competitors. They won’t have been allowed behind the velvet curtain, to see what their competitors are doing and how they are doing it. They will not have had a broad exposure to what other firms and industries are doing in terms of best practice.

    This is the value of the salesperson, because they are constantly doing all of these things. They are like butterflies, skipping from one sweetly fragranced flower to the next. They are collectors of stories, problems, breakthroughs, successes and can connect many, many dots together. In this sense, they can see possibilities the client may not know exists or may not have thought of. This is where the cross-sell and the up-sell add value, because the salesperson can expand the client’s world and help them to become more successful. That is a long way from ramping up the number value of the sale, to make target.

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    13 分
  • Spellbinding Speech Endings
    2024/04/14
    It is rare to see a presentation completed well, be it inside the organization, to the client or to a larger audience. The energy often quickly drops away, the voice just fades right out and there is no clear signal that this is the end. The audience is unsure whether to applaud or if there is more coming. Everyone is stuck in limbo wondering what to do next. The narrative arc seems to go missing in action at the final stage and the subsequent silence becomes strained. It sometimes reminds me of classical music performances, when I am not sure if this is the time to applaud or not. First and last impressions are critical in business and in life, so why leave these to random chance? We need to strategise how we will end, how we will ensure our key messages linger in the minds of the listeners and how we will have the audience firmly enthralled, as our permanent fan base. Endings are critical pieces of the presentation puzzle and usually that means two endings not just one. These days, it is rare that we don’t go straight into some form of Q&A session, once the main body of the talk has been completed. So we need an ending for the presentation just given and we need another ending after the Q&A. Why the second one, why not just let it end with the final question? The pro never lets that happen. Even the most knee quivering, voice choking, collar perspiration drenched, meltdown of a speaker is in 100% control while they have the floor. The audience usually let’s them speak without denunciation or persistent interruption. Life changes though once we throw the floor open to take questions. At that point speaker control is out the window and the street fight begins. Now most Japanese audiences don’t go after the speaker, they are too reserved and polite. Western audiences are less docile and big bosses ask difficult and potentially embarrassing questions. When we get to the Q&A, the members of the audience are able to ask rude, indignant questions, challenging everything you hold to be true. They can denounce you as a charlatan, scoundrel, dilettante and unabashed poseur. Sometimes, they even launch forth into their own mini-speech, usually unrelated to whatever it was you were talking about. Or they move the conversation off to a new place, which has nothing to do with your keynote content. Suddenly your message is lost. The original topic of your talk is now a distant memory. That is why the pros ensure they bring it all back together with a final close to the proceedings. Let the masses wander hither and thither with their questions, the pro never worries. After the last question is done, the last word is now with the speaker, not some provocateur who happened to turn up to the event. Surprisingly, many speakers don’t claim this right and allow the last question from the audience member to set the tone for the whole proceedings. Don’t ever let that happen. There are a number of ways of bringing the speech home. In the first close, before the Q&A, we might harken back to something we said in our opening, to neatly tie the beginning and end together. Or we might restate the key messages we wish to get across. Another alternative is a summary of the key points to refresh everyone’s recollection of what we were saying. We might end with a memorable story that will linger in the minds of the audience, that encapsulates all that we wanted to say. Storytelling is such a powerful medium for increasing the memory of what has been said, you would expect more speakers would use it. When we do this wrap-up, we should be picking out key words to emphasise, either by ramping our vocal power up or taking it down in strength to differentiate from the rest of what we are saying. Speaking with the same vocal power throughout just equates the messages together. The messaging is not clear enough and makes it hard for the audience to buy what we are selling, Bland doesn’t sell. At the end of the final sentence we need to hit the power button and finish with a rising crescendo to really put the passion behind our position. Don’t fade away. Many speakers allow their voice to become weedy and just trail off into oblivion, sounding quieter and quieter at the end. They appear exhausted and energy drained, rather than on fire with belief. Instead of fading out, we need to bring energy to our final words. We then add a small pause to let our words sink in with the audience and then smoothly move into inviting audience Q&A. We have set the markers for what we want the audience to remember and we will return to those markers as second final time. Don’t miss this key point: always specify the time available for Q&A at the very start when you call for Q&A – never, ever leave it open ended. Why not? If you are facing a rabid gathering of foes, critics and opponents and you just suddenly end proceedings, it looks cowardly and weak, as if ...
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    15 分

あらすじ・解説

For succeeding in business in Japan you need to know how to lead, sell and persuade. This is what we cover in the show. No matter what the issue you will get hints, information, experience and insights into securing the necessary solutions required. Everything in the show is based on real world perspectives, with a strong emphasis on offering practical steps you can take to succeed.
copyright 2022

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