Dance of Negotiation: The Story of an Exchange that Almost Fell Through

Dance of Negotiation: The Story of an Exchange that Almost Fell Through

The foundation for any negotiation is the spirit of reciprocity. 

It’s a dance of proffering and receiving.. 

Whenever negotiations come up in client discussions, I always remember the story about an interaction that my father and I had with an insurance officer. 

This was a simple case of my father trying to help one of the workers in his factory. 

She had recently lost her husband, and the group insurance needed to be settled. 

However, there were some procedural delays. 

My dad had to come to Chennai to resolve these delays, so I decided to drive him to the insurance company for this conversation.

The delays were exasperating my father, who was keen to ensure that this worker got paid in such trying times. 

This exasperation led to a lot of indignation in the conversation with the insurance officer. It was so intense that I sensed that the officer was about to leave the discussion. 

That’s when I decided to step in.

At this point, I realized the importance of making the other person comfortable. I smiled and asked if I could take a couple of minutes to set the context for the conversation. 

I explained the situation that led to the untimely death and expressed how the lady worker must be feeling. 

I highlighted that the insurance officer had the ability to ensure timely payout to this woman and asked him with a smile whether he would be motivated to help her.

By showing appreciation and respect, and setting the right context for a request, you can prompt action.

You have to understand the triggers for what the other person is seeking, in this case, it was the validation and respect of his decision-making powers and an opportunity for benevolence.

The insurance officer took it upon himself to consult with various divisional and zonal managers, obtained the necessary approvals, and returned to us.

Resistance is an opportunity in disguise and approaching it with empathy and tact, leads to more powerful outcomes. 

Selling skills are actually life skills.

When used correctly, in the right context and sequence, they can yield higher-order results.

*****

If this was helpful, 

Subscribe to the CxO Sales Playbook

Every week, I share 1 actionable tip to get your sales teams to over deliver and quickly move deals over the line even in a slow economy.

Take Our Deal Review Quiz

Drawing from our work with multiple Fortune 500 clients, It’ll give you the exact probability of winning your deal & highlight specific areas of risk and concern - in under 90 seconds.

Review Our Clients & Case Studies

We’ve coached the sales teams of Fortune 500 & 100 companies such as Microsoft, SAP and Google.

Prof. Churchill Dass Prince, Advocate, MCIArb

World's No. 1 Business Judge 2013 | IT Inventor | Young Achiever 2004 | Senior Legal & Digital Consultant | Author | Professor | Awarded by UNO 1996 | 12 LLM | 2600+ Certifications

10mo

Mr. Venkataraman Subramanyan! You recount of 'The Dance of Negotiation' not only sheds light on the nuanced art of negotiation but also underscores the profound impact of empathy, respect, and understanding in driving meaningful outcomes. This story resonates deeply with my own experiences in Techno Legal Industry, where the delicate balance between assertiveness and empathy often defines the success of negotiations. The approach of setting the right context and recognizing the human aspect in business interactions is a powerful reminder that at the heart of every transaction lies a relationship waiting to be nurtured. Your insight that 'Selling skills are actually life skills' is particularly striking. It echoes the sentiment that the principles guiding effective sales strategies are universally applicable across various facets of life and professional interactions. In my journey, adopting a mindset that values reciprocity and seeks to understand the underlying needs and motivations of others has been instrumental in overcoming challenges and fostering long-lasting partnerships. Thank you for sharing this compelling story and for the reminder that in the world of sales, and indeed life, empathy, and tact are invaluable tools.

Like
Reply

To view or add a comment, sign in

Insights from the community

Others also viewed

Explore topics