The document describes the DealNavigator program, which provides tools and guidance to help negotiate complex deals that involve multiple parties, competing interests, and high stakes. It notes that 60-70% of such deals fail or result in barely acceptable outcomes. DealNavigator addresses this with a five-stage negotiation process and other resources like playbooks, online tools, and training. The overall system aims to increase deal success rates by managing risks, aligning parties' interests, and keeping negotiations focused on an optimal outcome.
2. The dealmaking challenge
60-70% of high-stakes complex deals fail even when managed by experienced
negotiators.
Instead of achieving their Best Possible Agreement (BPA) dealmakers end up
settling for Barely Acceptable Deals (BAD).
Poor deal management is a root cause of many project failures.
Deal NaviGater
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3. Multiple parties
Difficult personalities
Competing interests
Tight deadlines
High costs of failure or delays
Big high-stakes negotiations are minefields of risk
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4. Poor deal design is compounded by counter productive face to
face tactics
Negotiator ego and hubris
Inappropriate style
Positional bargaining
Short term focus
Ignored emotions
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5. Tolerance for Barely Acceptable Deals (BAD)
Wrong parties
Misread interests
Misjudged walkaways
Incorrect deal sequence
Misaligned relationship processes
Most deal killing mistakes are made away from the table
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6. To calculate your deal risk square the number
of parties you have to negotiate with
No of parties Deal Complexity
1 party Complexity 1
2 parties Complexity 4
3 parties Complexity 9
Deal risk increases exponentially as no of parties rises
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7. Big complex deals often fall victim to the Triangle of Doom
High value/
low cost changes
High cost/
low value changes
Lesson: Deal design and navigation are keys to big deal success
Time
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8. Use the Deal NaviGater management process to manage
large, complex deals
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9. Deal NaviGater relentlessly manages process from start to finish
Deal
Gate 1
Prototype
your best
possible
agreement
(BPA)
Deal
Gate 2
Sequence your
moves to
agreement
Deal
Gate 3
Design your
value-
optimizing
strategy
Deal
Gate 4
Align your
relationship
management
processes
Deal
Gate 5
Negotiate for
agreement
Identify the critical
stakeholders
Identify the best parties
to negotiate with
Complete a preliminary
deal
assessment
Identify BATNAs
Order and choose your
critical parties
Map decision-making
process
Build internal coalitions
of support within each
party
Manage information
flow
Develop timeline
Expand total net pie
Identify interests
Dovetail differences
Establish rules of
engagement
Fix dispute resolution
process
Establish
communication
protocols
Manage emotions
Sell your case
Use problem solving
tactics
Trade concessions
ESTABLISH GOAL SET DIRECTION DEFINE STRATEGY
OPTIMIZE
RELATIONSHIP
CHOOSE TACTICS
Deal Design and Navigation:
Away from the table
Deal execution:
At the table
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10. Deal NaviGater helps you navigate and manage your way through
the deal design and setup process, keeping you in control
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11. Deal NaviGater shows you how to:
Identify critical stakeholders
Identify the best parties to negotiate
with
Analyze stakeholder interests
Identify parties BATNAs (no-deal
options)
Deal
Gate 1
Prototype your
best possible
agreement
(BPA)
Deal NaviGater starts with the ideal deal in mind
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12. Deal NaviGater shows you how to:
Choose and sequence your critical parties in
the order you need to negotiate
Map each partys decision-making process
Build internal coalition of supporters with
each party
Manage your information flow
Plot achievable timelines and milestones
Deal
Gate 2
Sequence your
moves to
agreement
Deal NaviGater sequences your forward moves to agreement
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13. Deal NaviGater shows you how to:
Expand your total-net pie
Probe behind positions to identify
interests
Dovetail differences to unlock joint gains
Different interests
Different valuations
Different attitudes towards risk
Deal
Gate 3
Design your
value-optimizing
strategy
Deal NaviGater expands the total-net pie before you
trade concessions
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14. Deal NaviGater:
Establishes rules of engagement
Sets up a dispute resolution process
Formulates agendas
Establishes external communication protocols
Helps you manage emotions
Deal
Gate 4
Align your
relationship
management
processes
Deal NaviGater aligns your relationship processes to
your strategy
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15. When youre ready to negotiate face to face, Deal NaviGater gives
you a seven step disciplined process
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16. Managing the process allows you
to shape the result.
Deal
Gate 5
Negotiate for
agreement
Respect Model
The RESPECT seven step bargaining sequence gives negotiators
control of the bargaining process
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18. Go/no go decision points
Deal Gates Go/No Go Roadblocks Actions
1 Deal Structure
Identified best parties
Assessed interests
Identified right BATNAs
Mapped decision making process
2 Sequence Management
Sequence choices
Managed information flow
3 Deal Strategy
Optimize total net-pie
Satisfy interests
Dovetail differences
4 Relationship Management
Dispute resolution process
Rules of engagement
5 Negotiating Tactics
Persuasive skills
Tactics
Concession trading
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19. Failure is common even on well-run projects.
Deal NaviGater boosts the odds of project success where projects are characterized by:
High Uncertainty - uncertainty is the amount we dont know at project initiation.
Deal NaviGater gives you the tools to cope with an uncertain future.
High Complexity - Multiple parties with competing goals and/or multiple sub-systems.
Deal NaviGater aligns competing interests to the projects strategic goal.
Time-Critical Goals - Time pressure accelerates the need for negotiation.
Deal NaviGater helps resolve deadline issues.
Demanding Stakeholders - Little tolerance for projects that fail to meet the business case.
Deal NaviGater keeps the project focused on the business drivers.
Deal NaviGater complements and strengthens existing project
management systems
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20. Known
risks
Unknown
risks
(Uncertainty)
Deal NaviGater handles uncertainty
(unknown risks) much better than
traditional project management tools.
Deal NaviGater significantly improves a project managers
ability to manage uncertainty (unknown risks)
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21. Deal NaviGater comes as a complete deal design and
management suite
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22. 1. Five Foundations Playbook 200 page strategic deal and relationship management guide
2. Five Foundations Toolbox 22 powerful deal-shaping tools
3. Deal Tracker Traffic lights deal management and audit process
4. StreetSmart Negotiator 196 page field guide for negotiating face-to-face
5. Web Platform Work on your deals anytime, anywhere
6. Customized Training Turn negotiation into a core competency
7. Deal-making Advice Coaching and support for specific negotiations
7 Value-Adding Components
The Deal NaviGater management suite
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23. 200 page accessible strategy and tactical playbook
Forms the heart of Deal NaviGater System
Component 1: Dealmaking playbook
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24. Includes 22 of deal-shaping, value-optimizing tools
Tools developed and tested over 25 years with
clients such as Toyota, PwC, and Unilever
Component 2: Dealmaking toolbox
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25. Allows senior executives to manage, track and
evaluate progress in high-stakes deals
Allows delays, cost overviews and relationship
issues to be solved while small
Component 3: Traffic lights go/no go deal tracker
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26. Harry Mills acclaimed field guide, The StreetSmart
Negotiator gives negotiators:
The practical tips and tactics they need when
bargaining face-to-face
A disciplined 7 step process which can be
actively managed and audited
Component 4: Tactical field guide
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27. The Deal NaviGater Playbook and Toolbox is
accessible online through its own secure web portal
so your team can manage deals:
Anytime
Anywhere
Component 5: Online, on-demand web platform
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28. Our experiential, simulation based training
upskills your team so they can negotiate with
skill and confidence
Make negotiation skills a core competency
Component 6: Customized training
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29. Our 25 years of practical deal-making experience
means we can advise and coach on:
Resolving disputes
Acquisitions and mergers
Joint ventures and alliances
Major sales
Procurement and outsourcing deals
Component 7: Dealmaking coaching and advisory support
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30. Harry Mills, the creator of Deal NaviGater, is the author of 26 books including 3 on
negotiation: Negotiate: the Seven Step Master Plan, The Dealmakers Handbook, and The
StreetSmart Negotiator
Harry Mills is the mentor on persuasion for the Harvard Manage/Mentor Program
Harrys thinking has been featured by Entrepreneur Magazine, Sales & Marketing Magazine,
Business Today, Selling Power, Bottomline Business and USA Today
Underpinned by 25 years of practical deal making experience working with clients such as
Toyota, GE, PwC and Kimberly Clark
Built on two decades of research on negotiation, persuasion and strategic deal management
Deal NaviGater program based on deep expertise
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31. Minimizes risks inherent in difficult deals and projects
Transparent phase gate go/no go process which can be actively
managed for risk by senior management
Boosts odds of success in large, complex negotiations
Process and tools used by whos who of global companies and
organizations such as Toyota, GE, and Ericsson
Auditable, risk-managed, self-adjusting process
Developed by Harry Mills, author of 3 books on negotiation and
Harvard Manage/Mentor on persuasion
Underpinned by 25 years of practical deal-making experience and
breakthrough research
The benefits of Deal NaviGater
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32. Contact
For more information on DealNavigater
please contact:
Harry Mills
CEO, The Aha! Advantage
Phone: +64 4 499 6770
Mobile: +64 21 452 256
Email: harry.mills@ahaadvantage.com
www.ahaadvantage.com
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