About the exercise:
T-Trade is a practical exercise in negotiation and building business relationships.
This exercise is designed to be used in a context in which business negotiations are important for success in achieving individual or organisational goals. It illustrates the need to build strong relationships between groups as they try to achieve individual goals, maintaining dialogue over a series of rounds as they negotiate for scarce resources.
"When in dialogue, we feel a sense of well-being; when dialogue fails, we feel distress. The difference lies in the degree to which we are connected or bonded with others. It is a myth that bonding occurs only with people we like; in fact, it is crucial that we learn to form and maintain connections in ways that allow a relationship to exist even in the face of profound differences or serious conflict," says Dr. George Kohlrieser, internationally recognised trainer, hostage negotiator, and conflict resolution specialist.
How it works:
T-trade involves three groups, each trying to achieve the best business outcome for themselves but needing to 'make deals' with other groups in order to be successful. How do they go about making mutually acceptable agreements and yet maintain their focus on achieving the best individual team results they can?
The exercise offers the opportunity for participants to explore the negotiation process and the specific stages needed to reach a resolution.
The exercise takes some time if the negotiation process is allowed to develop and build. The basic exercise needs 90 minutes, plus time for briefing and de-briefing. Ideal numbers are three teams of 3-6 people, each working in a separate location.
Included within the T-trade box are components which can be used for a second complete exercise to focus on inter-team communication and influence. Purchasers of T-trade are offered the full exercise notes as a bonus!
Specific challenges raised by the activity include:
- How to develop skills in 'building bonds'.
- How and when to make concessions.
- How to manage the power of individual interactions.
- How to resolve conflicts so that everyone achieves some of what they want.
- How to say, "No" and yet maintain a relationship which will allow for future negotiation
What the pack comprises:
Two carefully researched and designed group learning activities. The activities come boxed with all the components required, full participant briefing instructions, facilitator's manual and a suggested review process, based upon predicted learning outcomes.
In practice:
Exercise 1: T-trade involves a series of 'rounds' of negotiation between three teams who never all meet. They are negotiating for resources which can be used to build constructions, each of which is worth a different value. Alongside the negotiation process, they must complete the physical constructions and keep their minds on the bigger picture.
Exercise 2: In this variation, the activity focuses on issues of trust, competition and collaboration between teams, each of which has a different amount of knowledge about the task they are engaged upon. Using a limited communication network, the teams must identify their task, share information and meet a deadline for the presentation of their solution.
What are the business benefits of this resource?
The activities in the T-trade toolbox focus on developing fundamentally important business skills. The exercises teach skills of negotiation, persuasion and influence as well as tackling the organisational cost of inappropriate competition. Two significant and powerful exercises allow managers to observe individual behaviour and attitudes to others, as well as demonstrating practical logic, accuracy in communication and ability to maintain focus on the 'bigger picture'.
Some examples of how it is used:
The TNT Legal Community used T-trade as the basis for a workshop on business negotiation. In a multi-national, multi-cultural community the exercise highlighted enormous differences in negotiating styles and expectations, the 'rules' by which negotiations were conducted and the different levels of emotion and energy the teams brought into the negotiation. In reviewing the exercise, the lawyers were able to explore their own negotiating principles and recognised the huge need to build strong relationships before even attempting business and legal negotiations.
"In an hour and half, T-Trade provides an opportunity to discover and analyse the success factors of negotiation. The rules are quickly explained and teams are immediately in action. The first round of negotiation clearly demonstrates the need to discover others needs and expectations, and rapidly creates a climate of trust. The second and third round reward teams that can develop win-win relationships to maximise result. A vital and enlightening for any sales person or manager. Simple but not simplistic. An imaginary world but very real discoveries. Fun but also serious and lasting learnings.Guy Bergeaud, Eagle's Flight, France.
"I wanted to let you know that my team very much enjoyed the T-Trade exercise. I wasn't at all sure what to expect, having never done it before. Everyone was engaged, focused, and trying hard to win. It was interesting to watch as negotiations changed as the exercise progressed, and everyone softened from their initial positions. In the end, it was very well received and I intend to use the exercise again later this year at meetings with individual sales executives."
John Hardie, RVP Sales, Equinix, Inc
UK P&P included. Delivery is usually within three working days.
