The Cutting Edge Japan Business Show

By: Dr. Greg Story
  • Summary

  • 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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Episodes
  • 323 How To Reply To The Buyer’s “No”
    Oct 6 2024
    What are the chances of getting a “no” to your offer in sales? Probably around 70% of the time, this is what we will get. Given that type of frequency and hit rate, you would think that salespeople would be masters of dealing with this type of response. You would be wrong. The chemicals kick in and sales people lose all reason. I was reminded of this recently when we were conducting sales training. It is hard to create a new habit for salespeople. They have egos and they are easily entrenched in less productive ways of doing things, because that is how they have always done it. Stupid, is what I would call that, unless you are really shooting the lights out with your results. The issue is when we see the body language signaling a negative response the fight response starts and then we hear the words and we go into overdrive. Our brain is on fire concerning the thousand good reasons that no should be a yes. We are delving deep into why the client is wrong and we are right. WE are rapidly processing our line of attack to counter the argument they have proffered. What a complete waste of time. Instead we need to get smart. Stop the chemical reaction from getting out of control. Throw the Breaker Switch, like we have with the electricity in our houses, if the power load gets too dangerous. Shooting your mouth off in sales is even more dangerous. That intervention comes in the form of a cushion. No, we don’t put a cushion over our mouth, so that no words come out. We put it over our brain instead. We offer a very neutral response to the buyer, that neither agrees with nor inflames the situation. The point of this neutral statement is to give us critical thinking time. Are we using this critical thinking time to dream up a killer response that will shut the buyer down in their tracks and turn that “no” into a “yes”? Nope. We use it to stop the chemical rush and regroup. We need to go into question mode. When we hear a “no” it is a headline, like we have in newspapers. A short form of reply that gives the key details and no more. We want to know what is in the article accompanying that headline. Why is it “no”? So we sweetly and gently ask, “May I ask you why you said “no”; or “your price is too high”; or “we are happy with our current supplier”; or “we have no budget for this”; or the thousand other dubious reasons buyers give us for declining our genius offer. Give me the article accompanying the headline, so I can understand how I am supposed to answer this rejection. Now we have to be patient. We hear the reason and again we are sorely tempted to go into counter attack. We know can tear that shabby reasoning apart and want to bombard the buyer with a million reasons why they should buy. Hold your horses there pardner. What if this isn’t the killer objection? What if a more vicious version is lurking in the long grass, ready to bite us at the first opportunity? We need to keep digging. After we hear that reason, we sweetly and gently ask, “Apart from that are there any other concerns for you?”. They will usually have another one. Again we don’t go into rambunctious reply mode. We ask why that is a problem for them, just like we did the first time. They tell us and again we must be patient. We must keep our power dry, hold the line, keep our nerve. Again, we venture forth on our seeker journey and sweetly and gently ask, “Are A and B your only concerns or do you have another? If they do, we still don’t rush in where angles fear to tread and blurt out our killer retort. We sweetly and gently ask, “You have mentioned A, B and C. Of these which one is the most pressing concern for you?”, and then we shut up and don’t even breath, let alone speak. They make a choice and now we open up both barrels and answer that concern and ignore the other two. Usually, if we successfully deal with the main concern, the lesser concerns fade away like the dew on a spring day. When we were doing some role play practice in the training, it was interesting that the person playing the buyer gave a reason for not buying and the seller was starting to jump in. We tied them up and physically restrained them so they couldn’t answer right then and there. Okay, that is an exaggeration. Actually, we just asked them to keep digging, to follow this procedure and not answer yet, until they know what to answer. Sure enough of the A, B and C reasons given, it turned out that it was C that was the concern of most import. “A” was price by the way and “C” was quality in this case. We don’t know what to answer until we know what to rebuff. Hold off on answering the pushback, until you know what is their key concern. Don’t be fooled by smokescreens, wild goose chases and other buyer subterfuges. If we do this we will be a lot more successful closing the sale and ...
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    11 mins
  • 322 Structure Counts In Presentations
    Sep 29 2024

    It is a bad sign when a presentation makes me sleepy, especially if it is at lunch time. It is very common to have speakers address a topic over a lunch to a group of attendees. After lunch, you might explain away a bit of the drowsiness, but during the lunch is a warning sign. The speaker had good voice strength, so nobody was struggling to hear him. He was knowledgeable on his subject having worked in this area for a number of years. He was speaking about what his firm does everyday, so he is living the topic. So what went wrong?

    Thinking back to the talk, I wondered whether his structure was the issue? When a speech doesn’t flow well, the audience has to work hard. Actually, they choose not to work hard and instead just drop out and escape from you. This was one of those cases.

    If we think about giving a speech, we have to plan it well. In his case, he had prepared slides, but the style of the lunch and the venue meant it was a no slide deck presentation. He had some side notes written down on his laptop screen to follow. That is fine for the speaker, because it aids navigation through the topics. The problem was that the points were not ordered or structured well. This made it hard to follow, as it tended to jump around, rather than flow.

    We design our talks from the idea spark. In one sentence, we need to isolate out what is the key point we want to make to our audience. This is not easy, but the act of refining the topic gives us clarity. We create the opening last, because its role is to break into the brains of the audience and capture their full attention for what is coming.

    The middle bits between opening and closing is where the design part comes in. Think of the sections like chapters in a book. The chapters need to be in a logical order that is easy to follow. They need to link to each other so that the whole thing flows. To create the chapters we take our central conclusion and ask why is that true? The answers will come from the points of evidence or our experiences. We need to get these down and then get them in order.

    It might be a simple structure like “ this is what happened in the past, this is where we are today and this is where we are going in the future”. We could use a macro-micro split. This is the big picture and here are the details of the components. It could be advantage-disadvantage. We investigate the plusses and minuses of what we are proposing. It could be taking the key points of evidence and breaking them down to make each a chapter in its own right.

    The key is in the sequencing. What is the logical flow here to move from one chapter to the next? We need a bridge between chapters to set up what is coming next and to tell our audience we are changing the focus. We need to constantly loop each chapter back to what is the central point. We can’t just put out evidence and leave it there, expecting the listener to work it out themselves. We have to tell them why this is important, what it means for them and how they can use it.

    Visuals on screen do assist in this process. It does make it easier to follow because we are hitting more points of stimulus with our audience. When we don’t have slides, we need to use word pictures to draw the audience into our topic. I am struggling to recall any stories he told about the topic, which is the best place to create those word pictures.

    So break the talk up before you go anywhere near the slide construction. What is the point you want to make? What are the reasons for that and turn them into chapter headings. Check that the flow of the chapters is logical and easy to follow. Then create a blockbuster opening to grab attention. If our speaker had spent more time on the design then the talk would have been more accessible to the audience. Get that wrong in this Age Of Distraction and you have lost them immediately.

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    10 mins
  • 321 Servicing Customers Well
    Sep 23 2024
    All interfaces with the customer are designed by people. It can be on-line conversations with robots or in store interactions, but the driving force behind all of these activities are the people in our employ. The way people think and act is a product of the culture of the organisation. That culture is the accountability of senior management. The common success point of organisations is to have the right culture in place, that best serves the customer. The success of senior management in making all of that work is a combination of their leadership, people and communication skills. This sounds infinitely reasonable in theory, but the reality is often so different. Senior leaders, who themselves are not particularly people focused, expect their customer interaction designers and in store staff to be customer focused. They don't walk the talk themselves and what is worse, they don't see the contradiction. They haven't worked out yet that good customer service begins with good employee service. Love your staff and they will love your customers. Richard Branson is widely referenced with his philosophy of employees first, customers second. His idea is to produce the right mental framework for employees to then put the customer first. Our emotions lead our behaviors, which determines our performance. Fine, love all of that, but how do we get it right? Leadership has to be clearly understood by the leaders. It is not a function of rank or longevity in the organisation. Instead, it is a function of the degree of cooperation we can get from our team. We might believe things are rolling out beautifully, in a pre-ordained way, in relation to how we treat the customer. Sadly, the front-line customer experience with our service could be entirely different from how the leaders planned it and how they want it. To get that employee cooperation to buy into what we believe is the correct way forward, we need to have well developed people and communication skills. We also need to make sure that our middle managers also have those same skills. We could be doing things really well up at the top of the organisation, but our middle managers may be sabotaging the culture we want to build and we just do not see it. If we want sincerity to be a function of our customer service, then, as an organisation, we have be sincere. If we want customers to feel appreciated, we have to appreciate our staff and do it in a sincere way. People can spot fake from a mile away. If we spend all of our time finding errors and faults, we may miss the things that are being done well, which we can communicate that we appreciate. We might want many things in business such as personal success, greater revenues, reduced costs etc. We can only achieve these things through others: either our own staff or our customers. They may however want different things. We have to find the means to appeal to our staff and customers such that they want what we want. This is not manipulation. This is well developed people and communication skills. The trust is created and we lead others, to also want what we want. As Zig Ziglar famously noted, we can get whatever we want in this life, if we help enough other people get what they want. To create that trust we have to be genuinely interested in others. This starts with our staff because we want them to be genuinely interested in our customer. When they do this, they build the trust with the buyer and a bond that is very difficult to break. If we don't demonstrate this genuine interest in our staff, we are not building the culture where they will naturally pass this feeling on to the customer. There is an old Chinese saying that, “a man who cannot smile should not open a shop”. Yet in modern business, we have plenty of people floating around who don't smile. It could be the very top executives who are too serious to smile at their staff. They set up a culture that is dry and remote, but expect that at the interface with the customer, there will be an emotional connection with the brand. They just don't see the miscalculation and self-delusion involved here. Bosses are often poor listeners, who imagine that their front line staff are all doing an excellent job of listening to the customer. What if that is not the case? If the bosses want to create a culture of good listening habits, then starting with themselves is a reasonable idea. When we listen, we learn more than we already know. This is so important when dealing with the customer. We need to make sure we have a culture of good questioning skills to trigger the opportunity for the customer to talk to us. In these conversations we can better come to understand what would be best for the customer and how to properly service them. One of the frustrating things about training salespeople is the difficulty of getting them to stop focusing solely on what they want (bonuses, ...
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    17 mins

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