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Training

Negotiation Strategy in Market Research

Negotiation Strategy in Market Research

In a nutshell

Date

This event has taken place.

 

"I have already used some of the suggested language in a negotiation. One of our clients demanded a 20% reduction or they would not proceed. After a short call, we are proceeding with zero reduction." Darren Flood, Adelphi Real World

This one-day intermediate level course equips delegates’ for the challenges of negotiating market research contracts - it also provides unique insight into how to work effectively with procurement. Negotiation Strategy in Market Research concentrates on effective negotiation, whether it be for a project, a cost estimate or an annual retainer fee.

You will be able to prepare for negotiations, understand the key techniques and be more confident at the negotiating table. If you want to secure the best value for your delivery and organisation, this course is essential.   

Run by arch negotiator David Meikle, Negotiation Strategy in Market Research lifts the lid on procurement practices and equips you with win-win tools to defend your profits and service delivery.

Who will benefit

Senior level staff responsible for the negotiation of significant, long-term client contracts, projects or cost estimates.

Course details:

  • Key principles - setting out the common context and language for the breadth and depth of client business problems, their risk profiles, investment strategy and what they mean to clients’ business. Looking at the dynamics of the research/procurement/agency triangle.
  • The right context - for fee, project and budget negotiations. The importance of understanding the commercial and personal interests of your client in research or procurement.
  • Money - how successful research agencies make money. Looking at the difference between value-based pricing and value-based remuneration. The difference between time, effort and value.
  • Understanding procurement - lifting the lid on what makes procurement tick and the knowing-doing gap between what they generally do and what they usually deliver for their companies.
  • Commercial principles - Establishing a set of common principles for projects and fees in research. Looking at profit margin in fees vs profitability, how to defend and justify profits.
  • Negotiation principles - What makes a ‘good’ negotiation? Why is a win-win result usually in the client’s best interests? How can we help them understand that?
  • New business strategy - Understanding how negotiation power changes in the new business process and how to master it.

Level
Business

Trainer
  • David Meikle
    David Meikle

    David is an innovator, author and arch negotiator. He has worked on some of the world’s biggest brands in an advertising career spanning more than two decades including Grey, O&M and latterly as Group MD of Ogilvy Russia. A consultant and trainer since 2009, David’s business, The How to Buy a Gorilla Company, helps all corners of the marketing/procurement/agency triangle. He has a new book coming out in June ‘How to Buy a Gorilla’ - the ultimate guide for brands to get the best from their agencies.



CPD 6

Where is the event taking place?

MRS

The Old Trading House, 15 Northburgh Street
London
EC1V 0JR

With thanks to:

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Booking

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CPD 6
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