You're aiming for a higher salary in Business Strategy. How can you negotiate effectively?

Knowing your worth is critical, but in today's AI age, you have to layer on GenAI tools to be an elite business strategist. Tools like ChatGPT and customs GPTs can significantly enhance business strategy and decision-making.

Yes, knowing your worth is important, but obsessing over it can shift focus from your actual value. Your worth isn’t just what you’ve done—it’s what you can potentially create. Steve Jobs didn’t charge based on his past; he focused on what he could revolutionize next. Instead of aiming for a number, position yourself as a growth catalyst. Be the investment your company can’t afford to miss, and compensation will follow naturally.

Evaluar tu propio valor antes de negociar un salario más alto es crucial porque te permite conocer tus fortalezas y cómo contribuyes al éxito de la empresa. Esto te da la confianza y las herramientas necesarias para argumentar tu caso de manera efectiva. Además, entender tu valor en el mercado te ayuda a establecer expectativas realistas y a negociar desde una posición de conocimiento y seguridad. ?Recuerda, el conocimiento es poder y te pone en control de tu futuro profesional!

This is a time to use in negotiating a higher salary over Business Strategy not only what you have achieved so far but what potential you bring on board. Frame the discussion, generally around the unique value you will bring on board as one that releases new markets, drives innovation, or unlocks efficiency. Cast it as an investment in future growth; position yourself as a catalyst for long-term success. Self-confidence and foresight will translate this negotiation process into a mutually flowing benefit-end.

When negotiating a higher salary in Business Strategy, come prepared with clear evidence of your value. Highlight specific results you've achieved, showing how you've contributed to the company's bottom line. Make it clear that you're not just asking for more but that you've earned it based on performance. Be assertive but flexible—show that you're willing to find a middle ground, but your contributions warrant the increase. Stay confident, present facts, and ensure they see the ROI in keeping you on board at a higher rate.

To maximise your chances of success, choose moments when your recent contributions have made a significant impact, such as after completing a high-profile project or during scheduled performance reviews. This approach allows your achievements to be front and center in your supervisor's mind. It's also wise to be aware of the company's financial situation and any upcoming budget meetings, as this knowledge can help you gauge the best time to present your case. By strategically selecting your moment, you not only demonstrate your value but also position yourself as a proactive and thoughtful employee.

It’s easy to wait for a major success before negotiating, but that’s when leverage slips. Push for what you deserve before hitting a big milestone, positioning your request as preemptive recognition rather than reactionary. Richard Branson famously expanded Virgin when the company wasn’t ready, turning timing into a strategic asset. Get ahead of the curve, and your negotiation stands on firmer ground.

Tying your salary request to past contributions is fine, but it makes you sound backward-looking. Instead, outline what you’ll achieve next. Henry Ford didn’t get investors by boasting about what he’d built—he sold them on what the Model T would become. Lead with a vision of future impact, and the conversation becomes about growth, not just compensation.