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While you are waiting for the webinar to start, please think about: • What would you like to negotiate more of, in your career? © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 1 Poised For Leadership Group Coaching Are you the best-kept secret in your organization? Build your brand as an emerging leader. Starts July 13, 2012 Register for $199 at www.WomensLeadershipCoaching.com © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 2 THE ART OF ASKING Patricia Bovan, Director, Global Contracts and M&A, Customer Insight and Advocacy Group, Symantec Corporation Jo Miller, CEO, Women’s Leadership Coaching, Inc. © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 3 Corporate Subscribers Genentech Cargill © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 4 Jo Miller CEO, Women’s Leadership Coaching, Inc. • Has a passion for helping women develop leadership skills, confidence and presence. • Specializes in helping women break into leadership in industries that have been traditionally considered 'a man's world', such as technology, finance and energy. • Since 1998, has developed and implemented leadership development programs that have benefited women worldwide. • Delivers over 60 speaking presentations annually to audiences of up to 1200 women. • Has traveled widely in Europe, North America, Asia Pacific and the Middle East to deliver programs for women’s conferences and corporate women’s initiatives at Bank of America, Boeing, eBay, Cisco, Intel, Microsoft, Newell Rubbermaid, Oracle, Rockwell Collins, UBS, and many others. • Named one Silicon Valley’s Women of Influence in 2008. © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 5 Patricia Bovan Director, Global Contracts and M&A Customer Insight and Advocacy Group, Symantec Corporation • Leads the Global Contracts and Mergers and Acquisitions group for Symantec’s Enterprise Products and Services business unit. • Has focused her legal and business professional career on negotiating and closing large technology contracts in hardware and software areas, revenue generating deals and strategic corporate transactions for HDS, Sun, Symantec, Kellogg and AtomicTangerine, an SRI technology start-up. • Leads the San Francisco Chapter of the Symantec’s Women’s Action Network, where she has collaborated with the San Francisco Department on the Status of Women to implement the Gender Equality Principles initiative and sits on the Advisory Council. • Represented Symantec as a Mentor to women from the Middle East and N. Africa as part of the TechWomen program administered by the US State Department Bureau of Education and Cultural Affairs and Anita Borg. © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 6 Patricia Bovan Director, Global Contracts and M&A Customer Insight and Advocacy Group, Symantec Corporation • Received Queen’s Bench Bar Association Annual Merit Award. She was appointed Queen’s Bench Officer and Director in 2007 and also served as Director of the Queen's Bench Foundation in 2007 and 2008. In 2007 the National Conference of Women’s Bar Associations granted an Annual Public Service Award to a Mentoring Program she led at Juvenile Hall for five years. • Past Co-Chair of the Women for Women International San Francisco Leadership Circle. • Received her B.A. from Cornell University (Gov’t, Chinese Studies; Soviet Studies), and J.D. from Case Western Reserve. (International Business Transactions) • Married to another lawyer; enjoys travelling (was in Istanbul, Morocco and Cairo last October) and opera (12 Ring Cycles). © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 7 The Art of Asking The most successful women leaders get to where they are by delivering results. © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 8 In this webinar 1 • Why you must negotiate 2 • Negotiation as a way of life 3 • Top techniques to master © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 9 In this webinar 1 • Why you must negotiate 2 • Negotiation as a way of life 3 • Top techniques to master © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 10 Why is this topic important to you? Why is this skill important for women who want to make an impact in business? © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 11 “You have to ask for what you want. You have to be willing to stand up for yourself. Everything is negotiable.” - Patricia Bovan What is the most important step to take, to achieve results through negotiation? © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 13 Kellogg School of Management 78% negotiated something on behalf of themselves. Median amount saved: $2,200 22% negotiated something on behalf of their employer. Median amount saved: $390,000 © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 14 Their most important tactic: “Choosing to negotiate at all.” Deepak Malhotra Professor, Harvard Business School © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 15 You have said that “everything is negotiable.” Can you give us an example? © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 16 In this webinar 1 • Why you must negotiate 2 • Negotiation as a way of life 3 • Top techniques to master © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 17 In this webinar 1 • Why you must negotiate 2 • Negotiation as a way of life 3 • Top techniques to master © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 18 Jo had a coaching client named Evelyn who wanted to negotiate a promotion and a raise. © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 19 Evelyn negotiated: Conference Field trip Executive meetings Cross-training Financials class © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 20 “Make negotiation a way of life!” Evelyn © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 21 POLL: For me, negotiating… 1) Is extremely uncomfortable - I don't do it. 2) Is uncomfortable - I will when absolutely necessary. 3) Is OK - I do it when I have to. 4) Is fun! Bring it on! © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 22 In this webinar 1 • Why you must negotiate 2 • Negotiation as a way of life 3 • Top techniques to master © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 23 In this webinar 1 • Why you must negotiate 2 • Negotiation as a way of life 3 • Top techniques to master © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 24 What have you negotiated for your organization that you were particularly proud of? What are some key lessons learned from those deals? © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 25 Top techniques to master Be thoughtful of the long-term implications for relationships you build at the negotiation table. Understand your walk-away point. Know their walk-away point. Expect that the biggest compromises will occur early on, then become more granular. Don’t spring big surprises on them at the end. © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED Know your bargaining chips: what are you willing to give up? 26 What mistakes have you made in negotiations? What have you learned as a result? © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 27 © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 28 Negotiation mistakes to avoid • Not being prepared • Not knowing your bottom line or objectives • Not figuring out their bottom line • Being in a hurry – for example, making assumptions without checking facts • Trying to have it all rather than win-win • Not fully documenting the deal © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 29 What is something you have negotiated for yourself that had an impact on your career? © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 30 By not negotiating a first salary, an individual stands to lose more than $500,000 by age 60. (Men are more than four times as likely as women to negotiate a first salary.) -Linda Babcock & Sara Laschever What suggestions can you give for how to approach negotiating a raise, promotion, or change in role? © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 32 Negotiating for yourself in your career Know what you want Be willing to ask. Be willing to push back. Know the trade-offs you’re willing to accept Know how the other person absorbs & digests information Make it easy for them to say “yes” Don’t take “no” personally Think through the “no” and continue to move conversation forward If necessary, ask to follow up at a better time. © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 33 Recommended Resources • “Getting Getting to Yes: Negotiating Agreement Without Giving In”, by Fisher and Ury. • “Women Don't Ask: The High Cost of Avoiding Negotiation--and Positive Strategies for Change”, by Babcock and Laschever. © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 34 EXERCISE: 1. What negotiation technique/s are you going to practice, and in what situations? 2. What could you negotiate, on behalf of your employer? 3. What could you negotiate, on behalf of yourself? © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 35 “In business, as in life, you don't get what you deserve, you get what you negotiate” - C.L. Karrass © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 37 Patricia’s Keys to Success 1) Be willing to ask. 2) Be willing to take “no,” at least temporarily. Don’t take it personally. 3) Make negotiation part of your everyday life. © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 38 Poised For Leadership Group Coaching Are you the best-kept secret in your organization? Build your brand as an emerging leader. Starts July 13, 2012 Register for $199 at www.WomensLeadershipCoaching.com © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 39 Today’s slides and recording will be posted within 24 hours to: http://www.womensleadershipcoaching.com/ emerging2_tao.htm © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 40 Thank you for participating in the series! We hope you’ll join us again starting in August. Registration is coming soon at: www.womensleadershipcoaching.com Sign up for our newsletter to be notified. © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 41 Discussion Questions 1) How comfortable are you with negotiating? 2) What are your favorite negotiation techniques? 3) What negotiation technique are you going to practice, and in what situations? 4) What could you negotiate, on behalf of your employer? 5) What could you negotiate, on behalf of yourself? © COPYRIGHT 2012 WOMEN’S LEADERSHIP COACHING. ALL RIGHTS RESERVED 42