The Japan Business Mastery Show  By  cover art

The Japan Business Mastery Show

By: Dr. Greg Story
  • Summary

  • For busy people, we have focused on just the key things you need to know. To be successful 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
  • When Do We Hit Our Limit As The Presenter?
    Jun 7 2024

    Sometimes you see a confident leader really bomb their presentation. It doesn’t happen all that often, but when it does, the contrast is vast. If they are totally hopeless and they bomb, well that is understandable. But a competent leader shouldn’t bomb their presentation. He did and I was wondering why that happened? It was only at the end, when it was too late to do anything about it, that he realised he had bombed completely. The tepid applause reaction was a give away. The lack of questions a more immediate one.

    The issues were a misreading of the audience and an arrogance. The audience had been lured to the venue with bold promises of goodness and light. The content wasn’t good enough to back up the advertising and the audience spotted the gap straight away.

    The arrogance was an assumption about the leader’s credibility being sufficient to justify the content of the presentation. When we emphasise our years in business, we are aiming for increased credibility, linked back to our stupendous track record. Our speaker had not properly prepared the presentation. He was a good speaker and a competent presenter. He thought his track record stood for itself. The only problem was the content of the talk was rubbish.

    We tread a fine line with the longevity thing. Track record, sustained over many, many years is a credible thing for the audience. The only concerns are that the whole affair may be perceived as dated. When we talk about the good old days we like it because we were there, but the audience only cares about what is the relevance for them. We have to be skilled to make it fresh, new and connected to their current business reality. Our speaker failed in that regard.

    Our pride in our track record can make us blind to the fact that people don’t really care all that much. We like strolling down memory lane, but so what. We arrogantly assume that what we did was important. Where is the link to the audience’s current problem right now?

    This is the skillset needed in the leader presentation. Getting the audience need properly understood, suspending what we like to talk about and instead focusing on what the audience is keen to know about is our task.

    I am getting older too, so I took copious notes from this speech on what not to do, if I am ever tempted to talk at length about my good old days. I think we all should avoid that temptation too.

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    9 mins
  • What I Leant About Leadership in The Dojo
    May 30 2024

    I have often thought there are so many lessons from the martial arts for our businesses. Here are my musings after 53 years of training in traditional Karate.

    Stepping on to the floor

    The dojo is the ultimate equalizer. Whether you arrived by chauffeur driven Roller or took Shanks’s mare, once you step on to that dojo floor only your ability and character separates you from everyone else.

    In business we forget this and allow people to accrue titles, status and power unattributed to their abilities. We need to see beyond the spin and politics and ensure that people’s real abilities are recognized and rewarded.

    Starting

    The class begins with a short meditation interval. This is designed to focus the mind and separate the day from what will now come. Next everyone is bowing toward the front. The front of the class represents all who came before us. We are not here today based solely on what we have done. Others were here before us building the art and the organization. By bowing we acknowledge the continuum and our responsibility to keep it going. Now we bow to the teachers, respecting their knowledge and their devotion. Finally we bow to each other expressing our solidarity as fellow travellers on a journey of self-discovery.

    How do we start the work day? Is there a chorei or morning gathering of the work group, to get everyone aligned and focused on the WHY we are there.

    Stretching

    We warm-up our minds and our bodies by going through a set routine to stretch our muscles to be able to operate at a very high level of performance.

    If you are a sales team, are you beginning your day with role play practice or are you just practicising on the client?

    Basics

    We repeat the same drills over and over, every class. We are seeking purity of form and perfection of execution. We are preparing ourselves for a Zen state where we can react without pre-thought.

    A large amount of our work is routine, but can we improve the systems, the execution to bring in greater efficiencies and achieve higher productivity?

    Sparring

    Free sparring is 100% spontaneous, ebbing and flowing with the rhythm of move and counter move. At a high level, this is like playing a full chess match in one minute, but using our techniques with full body commitment.

    When we compete in the marketplace are we a speedboat or an oil tanker? Are we nimble, adaptive, on purpose and aware of market changes? Are we thinking steps ahead of the opposition, anticipating their moves and constantly outflanking them, applying our brains over their brawn?

    Kata

    These are full power set pieces, representing a battle against multiple opponents. The forms are fixed and the aim is perfection. The form is set and so Zen like releases the mind to go beyond the form.

    Are we able to keep reproducing execution pieces of our work that are perfected? Can we refine our actions for the maximum effectiveness? Can we eliminate mistakes, defects and rework entirely at all levels in the organisation?

    Strengthening and warming down

    Strength training is there to build the physical power and our mental perseverance. We do a final stretch to reduce stiffness and muscle pain by reducing lactic acid build up in the muscles.

    Are our training methodologies making us stronger than our rivals in the marketplace? Are we allocating sufficient time to grow our people? Are we seeing outcomes from the training time invested?

    Finish

    We repeat the bowing and this time we add the Creed. Voicing carefully chosen words which represent the value system of that dojo, (e.g. Effort, Patience, Moderation, Respect) so that these are the last things setting into our minds, before we go back to our usual routines of life.

    How do we end the workday? Do we set up for the next day by reviewing what we did today, what we achieved and what we need to work on tomorrow? Do we reflect on the quality of our performance and think about ways to do better?

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    10 mins
  • Don’t Be A Whimp On Pricing
    May 23 2024
    Salespeople don't set the price of what they sell. This is usually an obscure outcome decided by someone else inside the machine. It might actually be an elaborate process, where multiple variables are carefully calibrated, mathematical formulae are applied and a price is arrived at. Or, it might be a slightly moist index finger boldly thrust skyward to come up with a number. The latter is often the case when arriving at pricing for services. Regardless, the salespersons task is to sell at that price. This is where we get into trouble. Salespeople are total wimps when it comes to price. We have learnt that getting a sale is what counts and price is an obstacle in that process. If we are on a fixed salary and bonus or base salary and commission, the two usual cases in Japan, we get paid when we make a sale. Do we know the profit margin attached to each sale? Usually no and actually we don't often care either, as long as we get paid. We are just happy to (A) not get rejected by the buyer and (B) get a win, however small. Our self-esteem is totally tied up with getting sales, modest in size or otherwise. The instinct of the salesperson then is to make the price as malleable as possible. Offering a discount seems to get the buyer in a good mood and more likely to give us a yes. This reduced price immediately impacts our commission and if we keep doing this, will also impact our bonus and job security, as we don't bring in enough revenue relative to the target. The key problem is that the salespeople often don't believe in their own product or service. Because of this they can discount with gay abandon. This is a short-term gain for long-term pain. The ability to meet the price requirement is a critical piece of the salesperson’s skill set. Dropping the price may be easy, but we never build the skills to really succeed in this profession. It usually is a path to our removal by the sales manager, who understands we are unable to sell. Amateur salespeople, when they don't believe in the price, start right off the bat with a discounted price. They say stupid things like, “normally the price is x but I am going to offer it to you for y”. Or, “if you buy two, I will drop the price by x”. The client hasn't even requested a discount, begun haggling, attempted to massage the ask and yet lo and behold, a miracle has just popped up without warning. This tactic may be misinterpreted by salespeople, who don’t know what they are doing, as building trust and a good relationship with the client. That is a false dawn of hope on the part of our intrepid hero or heroine. Thanks to volunteering an unprompted price cut, the client now understands that your firm are a bunch of liars who say one thing, but do another. They also know you are a tricky bunch who are trying to snow buyers with your fiction pricing magic. They don't see the gratuitous lower price as a bargain. They see that as the starting point in a negotiation to drive the price even lower. By having a listed price and immediately offering a lesser price, the buyer feels you cannot be trusted because you cannot even defend what you say is the value of your offering. By dropping the price so quickly, the whole question of perceived value is brought into fundamental disrepute. There is no fixed price for this sale and therefore no equivalent particular value attached to it either. We are now in the Wild West of selling, where there the only rule is the right of force and the buyer has the Gatling Gun and we have a water pistol. The salesperson’s job is to pour on the value explanation and show why this pricing is fair and reasonable, fully justified and easily defensible. If they do need to meet the client’s restricted budget or need to allow the buyer to save face with their bosses, then any discounting should in the first instant be attached to volume purchases. If they buy more then the price can be adjusted. The amount reduced should be as smallish amount, as part of the first offer. Remember, we are now off the paved highway and are hacking our way through the dense brush of a negotiated agreement, where there are no maps, no signposts and no 5th Cavalry about to come to the rescue over the sand dunes. If the price point is to be assaulted, then the reductions should be small and fought heroically all the way. Do not go for round number drops or large number drops, go down in dribs and drabs. The client will feel much better knowing that they got a legitimate discount against the usual price, because they extracted that right out of the salesperson’s hide, rather than the salesperson rolled over right from the get go. When that happens, they doubt everything about you and your company because your pricing seems bogus. Never drop your price. Defend your price with value. Resist reductions all the way down and extract some form of quid pro quo against volume purchases. If ...
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    12 mins

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