Advertising
Advertising

The Killer Formula to Make Your Argument Convincing

The Killer Formula to Make Your Argument Convincing

What do you expect when you enter into a negotiation? Do you expect to win, lose, or settle? One thing you can expect is to expect the unexpected. Many of us think we enter a negotiation thinking we must settle, but what if you knew a strategy to increase the likelihood of winning every time?

Think of this in the form of an analogy. If your emotions were the buttons on a remote control, would you give the remote to the person you are negotiating with? If the person does possess the remote control, then you better know the buttons. [1]

Let’s take a look at the strategy to win in every negotiation and how you can use it.

Advertising

The Winning Formula = Emotion + Logic + Repetition

What tactics would Aristotle have used during a negotiation? Well, he actually told us what he would use. They are The Modes of Persuasion: Aristotle referred to his ethical strategy as Ethos + Pathos + Logos (Appeal to Authority + Appeal to Emotion + Appeal to Logic). Similarly, Maria Ploumaki informs us that the elements to the art of negotiation include: Emotion + Logic + Repetition. She says that cold facts and evidence alone will not be as appealing as presenting your ideas within a emotional appeal. [2]

Ploumaki sees negotiation as a combination lock, where we have 3 rotating dials (Emotion + Logic + Repetition). By understanding these elements, we will have a better chance of remaining calm when we find ourselves in a defensive position. She compared this to someone pushing us from the side as we are walking toward a destination. When this happens, we are typically forced off our destination. What we should do is immediately stop, stay calm, and reposition ourselves toward the original target.

Let’s look at each of the elements in details:

Advertising

1. Utilize emotions for a successful negotiation.

Chris Voss is a former negotiator for the FBI and author of the book Never Split the Difference. Voss developed his negotiating skills in tense situations, situations where lives were literally on the line. Where most people liken negotiating to keeping a poker face, Voss uses a different approach and strives to influence people’s emotions. In his view, emotions are not obstacles, they are the means to a successful negotiation. Here are 5 techniques he uses to win every negotiation and get what he wants. [3]

  • Mirror words selectively. Simply repeat the last one to three words your counterpart says. Additionally, use what Voss calls the “late night FM DJ voice” and slow the conversation down.
  • Tactical empathy. Voss recommends we list the worst things that the other party could say about you and say them before they can.
  • Get to No. Pushing people to a “yes” makes them defensive, so trigger a “no” instead. Voss recommends using no-oriented questions, such as “Is now a bad time to talk?”
  • Get to That’s Right. Voss recommends trying to trigger a “that’s right” response by reaffirming how your counterpart feels. He says the moment you have convinced the other person you understand their feelings is when breakthrough happens.
  • The illusion of control. If you want to gain the upper hand in any negotiation then you must create the illusion of control. Voss recommends forcing the other person to use their mental energy to figure you out. He recommends using questions beginning with “How?” or “What?” in order to elicit this type of energy drain from the other person.

2. Logically approach the situation and make your arguments presentable.

Logic alone will not work. It’s not just the facts, perception changes the way we see things. I am reminded of a quote from Albert Einstein

“Not everything that can be counted counts; not everything that counts can be counted.”

Let’s take a look at 4 actionable steps in order to get what we want during a negotiation. [4]

  • Assess. We must first assess the situation by conducting a cost/benefit analysis. Ask yourself if you have any influence over the final outcome.
  • Prepare. Before starting any negotiation, first try to understand what you are attempting to achieve. Then try to understand your counterparts’ true interests.
  • Engage. Every dispute or negotiation involves information. Neale encourages us to look at disputes as opportunities to negotiate as we have information they want.
  • Package it. Always package your issues. Do not negotiate issue by issue; instead, propose alternative solutions to your counterpart through packages. Neale recommends using If-Then language, such as: “If I give you this, Then I get…”

3. Never allow your buttons to be pushed and repeatedly bounce back.

People are eventually persuaded if something happens often enough. This is the repetition principle and it works. Our brains are awesome pattern-matchers and repetition creates a pattern.[5] Let’s take a look at how Ploumaki uses repetition.

  • Expect the unexpected. It doesn’t matter how many negotiations you have been a part of, they will all be different. Always enter a negotiation expecting the unexpected to occur, because it will.
  • Leave your comfort zone. The moment you feel comfortable is the moment you get in trouble. This is also when you stop developing. You will never win in your comfort zone.
  • Never be left without options. Be willing to back away from any negotiation. There might exist constraints limiting the other party; however, these may change over time. What’s not negotiable today may be negotiable tomorrow. [6]
  • Always act, never react. Prepare for tough question during a negotiation and don’t hide from them. Most importantly, remember what people do is their choice, how you react is your choice.

To consistently make the formula work, separate a good deal from a bad deal.

Stanford Professor Margaret Neale provides a way to win in any negotiation through accessing the situation. She informs us that the goal of negotiation is not to get a deal, but to get a good deal. We must know what separates a good deal from a bad deal. To do this, we need 3 pieces of information. [7]

Advertising

  1. What is the alternative? Think about what would happen to you if the negotiation fails. The person with the better alternative will typically win.
  2. What is our reservation price? Neale says that this is our point of indifference or our bottom line. You must know what yours is.
  3. What is our aspiration? Neal informs us that this is the most important, yet the most overlooked piece of information. This is our optimistic assessment of what we think we can achieve during the negotiation.

If you remember anything from this formula, always remember the importance our emotion plays in any negotiation.

“I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel.” – Maya Angelou

Lastly, think of your negotiation as a deck of cards and ask yourself one simple question… Who holds the high card?

Advertising

Featured photo credit: Flaticon via flaticon.com

Reference

[1] TED x Talks: The art of negotiation TEDx Talks
[2] Maria Ploumaki: The art of negotiation TEDx Talks
[3] Time.com: 5 tactics to win a negotiation, according to an FBI agent
[4] Margaret Neale: Negotiating getting what you want
[5] Changingminds.org: Repetition principle
[6] Harvard Business Review: 15 rules for negotiating a job offer
[7] Margaret Neale: Negotiating getting what you want

More by this author

Dr. Jamie Schwandt

Lean Six Sigma Master Black Belt & Red Team Critical Thinker

9 Game Changing Tips on How to Write Goals (and Reach Them!) If You Don’t Know What Your Next Thought Is, You’re Not Alone Being Self Aware Is the Key to Success: How to Boost Self Awareness 10 Best Brain Power Supplements That Will Supercharge Your Mind How to Reprogram Your Brain Like a Computer And Hack Your Habits

Trending in Productivity

1 4 Effective Ways To Collaborate With Your Team 2 Why Your Habits Hinder You From Reaching Your Goals 3 We Do What We Know Is Bad for Us, Why? 4 13 Bad Habits You Need to Quit Right Away 5 How to Reprogram Your Brain Like a Computer And Hack Your Habits

Read Next

Advertising
Advertising
Advertising

Last Updated on January 6, 2021

14 Ideas on How to Measure Productivity to Make Progress

14 Ideas on How to Measure Productivity to Make Progress

Everyone has heard the term productivity, and people talk about it in terms of how high it is and how to improve it. But fewer know how to measure productivity, or even what exactly we are talking about when using the term “productivity.”

In its simplest form, the productivity formula looks like this: Output ÷ Input = Productivity.

For example, you have two salespeople each making 10 calls to customers per week. The first one averages 2 sales per week and the second one averages 3 sales per week. By plugging in the numbers we get the following productivity levels for each sales person.

For salesperson one, the output is 2 sales and the input is 10 sales: 2 ÷ 10 = .2 or 20% productivity. For salesperson two, the output is 3 sales and the input is 10 sales: 3 ÷ 10 = .3 or 30% productivity.

Knowing how to measure and interpret productivity is an invaluable asset for any manager or business owner in today’s world. As an example, in the above scenario, salesperson #1 is clearly not doing as well as salesperson #2.

Knowing this information we can now better determine what course of action to take with salesperson #1.

Some possible outcomes might be to require more in-house training for that salesperson, or to have them accompany the more productive salesperson to learn a better technique. It might be that salesperson #1 just isn’t suited for sales and would do a better job in a different position.

How to Measure Productivity With Management Techniques

Knowing how to measure productivity allows you to fine tune your business by minimizing costs and maximizing profits:

1. Identify Long and Short-Term Goals

Having a good understanding of what you (or your company’s) goals are is key to measuring productivity.

For example, if your company’s goal is to maximize market share, you’ll want to measure your team’s productivity by their ability to acquire new customers, not necessarily on actual sales made.

2. Break Down Goals Into Smaller Weekly Objectives

Your long-term goal might be to get 1,000 new customers in a year. That’s going to be 20 new customers per week. If you have 5 people on your team, then each one needs to bring in 4 new customers per week.

Now that you’ve broken it down, you can track each person’s productivity week-by-week just by plugging in the numbers:

Advertising

Productivity = number of new customers ÷ number of sales calls made

3. Create a System

Have you ever noticed that whenever you walk into a McDonald’s, the French fry machine is always to your left? 

This is because McDonald’s created a system. They have determined that the most efficient way to set up a kitchen is to always have the French fry machine on the left when you walk in.

You can do the same thing and just adapt it to your business.

Let’s say that you know that your most productive salespeople are making the most sales between the hours of 3 and 7 pm. If the other salespeople are working from 9 am to 4 pm, you can potentially increase productivity through something as simple as adjusting the workday.

Knowing how to measure productivity allows you to set up, monitor, and fine tune systems to maximize output.

4. Evaluate, Evaluate, Evaluate!

We’ve already touched on using these productivity numbers to evaluate and monitor your employees, but don’t forget to evaluate yourself using these same measurements.

If you have set up a system to track and measure employees’ performance, but you’re still not meeting goals, it may be time to look at your management style. After all, your management is a big part of the input side of our equation.

Are you more of a carrot or a stick type of manager? Maybe you can try being more of the opposite type to see if that changes productivity. Are you managing your employees as a group? Perhaps taking a more one-on-one approach would be a better way to utilize each individual’s strengths and weaknesses.

Just remember that you and your management style contribute directly to your employees’ productivity.

5. Use a Ratings Scale

Having clear and concise objectives for individual employees is a crucial part of any attempt to increase workplace productivity. Once you have set the goals or objectives, it’s important that your employees are given regular feedback regarding their progress.

Using a ratings scale is a good way to provide a standardized visual representation of progress. Using a scale of 1-5 or 1-10 is a good way to give clear and concise feedback on an individual basis.

Advertising

It’s also a good way to track long-term progress and growth in areas that need improvement.

6. Hire “Mystery Shoppers”

This is especially helpful in retail operations where customer service is critical. A mystery shopper can give feedback based on what a typical customer is likely to experience.

You can hire your own shopper, or there are firms that will provide them for you. No matter which route you choose, it’s important that the mystery shoppers have a standardized checklist for their evaluation.

You can request evaluations for your employees friendliness, how long it took to greet the shopper, employees’ knowledge of the products or services, and just about anything else that’s important to a retail operation.

7. Offer Feedback Forms

Using a feedback form is a great way to get direct input from existing customers. There are just a couple of things to keep in mind when using feedback forms.

First, keep the form short, 2-3 questions max with a space for any additional comments. Asking people to fill out a long form with lots of questions will significantly reduce the amount of information you receive.

Secondly, be aware that customers are much more likely to submit feedback forms when they are unhappy or have a complaint than when they are satisfied.

You can offset this tendency by asking everyone to take the survey at the end of their interaction. This will increase compliance and give you a broader range of customer experiences, which will help as you’re learning how to measure productivity.

8. Track Cost Effectiveness

This is a great metric to have, especially if your employees have some discretion over their budgets. You can track how much each person spends and how they spend it against their productivity.

Again, this one is easy to plug into the equation: Productivity = amount of money brought in ÷ amount of money spent.

Having this information is very useful in forecasting expenses and estimating budgets.

9. Use Self-Evaluations

Asking your staff to do self evaluations can be a win-win for everyone. Studies have shown that when employees feel that they are involved and their input is taken seriously, morale improves. And as we all know, high employee morale translates into higher productivity.

Advertising

Using self-evaluations is also a good way to make sure that the employees and employers goals are in alignment.

10. Monitor Time Management

This is the number one killer of productivity in the workplace. Time spent browsing the internet, playing games, checking email, and making personal calls all contribute to lower productivity[1].

Time Management Tips to Improve Productivity

    The trick is to limit these activities without becoming overbearing and affecting morale. Studies have shown that most people will adhere to rules that they feel are fair and applied to everyone equally.

    While ideally, we may think that none of these activities should be done on company time, employees will almost certainly have a different opinion. From a productivity standpoint, it is best to have policies and rules that are seen as fair to both sides as you’re learning how to measure productivity.

    11. Analyze New Customer Acquisition

    We’ve all heard the phrase that “It’s more expensive to get a new customer than it is to keep an existing one.” And while that is very true, in order for your business to keep growing, you will need to continually add new customers.

    Knowing how to measure productivity via new customer acquisition will make sure that your marketing dollars are being spent in the most efficient way possible. This is another metric that’s easy to plug into the formula: Productivity = number of new customers ÷ amount of money spent to acquire those customers.

    For example, if you run any kind of advertising campaign, you can compare results and base your future spending accordingly.

    Let’s say that your total advertising budget is $3,000. You put $2,000 into television ads, $700 into radio ads, and $300 into print ads. When you track the results, you find that your television ad produced 50 new customers, your radio ad produced 15 new customers, and your print ad produced 9 new customers.

    Let’s plug those numbers into our equation. Television produced 50 new customers at a cost of $2,000 (50 ÷ 2000 = .025, or a productivity rate of 2.5%). The radio ads produced 15 new customers and cost $700 (15 ÷ 700 = .022, or a 2.2% productivity rate). Print ads brought in 9 new customers and cost $300 (9 ÷ 300 = .03, or a 3% return on productivity).

    From this analysis, it is clear that you would be getting the biggest bang for your advertising dollar using print ads.

    12. Utilize Peer Feedback

    This is especially useful when people who work in teams or groups. While self-assessments can be very useful, the average person is notoriously bad at assessing their own abilities.

    Advertising

    Just ask a room full of people how many consider themselves to be an above average driver and you’ll see 70% of the hands go up[2]! Now we clearly know that in reality about 25% of drivers are below average, 25% are above average, and 50% are average.

    Are all these people lying? No, they just don’t have an accurate assessment of their own abilities.

    It’s the same in the workplace. Using peer feedback will often provide a more accurate assessment of a person’s ability than a self-assessment would.

    13. Encourage Innovation and Don’t Penalize Failure

    When it comes to productivity, encouraging employee input and adopting their ideas can be a great way to boost productivity. Just make sure that any changes you adopt translate into higher productivity.

    Let’s say that someone comes to you requesting an entertainment budget so that they can take potential customers golfing or out to dinner. By utilizing simple productivity metrics, you can easily produce a cost benefit analysis and either expand the program to the rest of the sales team, or terminate it completely.

    Either way, you have gained valuable knowledge and boosted morale by including employees in the decision-making process.

    14. Use an External Evaluator

    Using an external evaluator is the pinnacle of objective evaluations. Firms that provide professional evaluations use highly trained personnel that even specialize in specific industries.

    They will design a complete analysis of your business’ productivity level. In their final report, they will offer suggestions and recommendations on how to improve productivity.

    While the benefits of a professional evaluation are many, their costs make them prohibitive for most businesses.

    Final Thoughts

    These are just a few of the things you can do when learning how to measure productivity. Some may work for your particular situation, and some may not.

    The most important thing to remember when deciding how to track productivity is to choose a method consistent with your goals. Once you’ve decided on that, it’s just a matter of continuously monitoring your progress, making minor adjustments, and analyzing the results of those adjustments.

    The business world is changing fast, and having the right tools to track and monitor your productivity can give you the edge over your competition.

    More Productivity Tips

    Featured photo credit: William Iven via unsplash.com

    Reference

    Read Next