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Executive Presence for Senior Finance Executives: Five Formats to handle difficult questions

Handling questions in meetings and conference calls can be a challenge. Not only do you need to think quickly, but you also are expected to deliver a concise and clear answer. Many senior executives, despite frequent calls, still struggle with this aspect of executive speaking. This article will focus on giving you five approaches in how to address questions in conference calls. Conference calls are especially challenging as the lack of visual cues makes it harder to read the intention of the other party. We will provide sample answers using each of the five formats.

Challenges with communicating via conference call

  • Often held at unsociable hours

  • No visual cues

  • More interference [bad lines,multi-tasking like checking emails]

  • Harder to follow what each party is saying unless set-up and cues are used

  • Conversations can side-track and run over-time

  • One party talks for too long and loses interest of other parties or the other party cannot follow their answer

  • It’s harder to address complex issues unless checking techniques are used

  • Two skills to master; Voice to project confidence, Structure for clarity.

Answering a question: The opening

  • Use a set up to prepare the content (movie trailer versus the movie)

  • Be precise

  • Take a stand ie two points or three points

  • Pause before you answer [rather than saying ‘well, errr’]

  • Use vocal energy [emphasis, volume changes] to project your credibility

  • The opening should be short and concise

Five Types of Answering formats

  • Use a variety of formats in any one conference call

  • If you are not sure how many points to include in your answer, aim low; start with one or two points. Then check with the questioner if they would like to explore the issue in other ways.

Format ONE: The set up

  • Signals to the questioner what’s coming next [like a TV announcement]

  • Respond to the question [eg “That’s a good question”; “The rule is quite new and it is also complicated”]

  • Pause

  • Then overview the points you will cover in your answer

Sample replies

  • The rule is quite new and it is also complicated. There are two main changes. Change one and change two. Let’s start with change one.

The new regulation covers three areas: A, B and C. I will cover each of these areas in more detail now.

Format TWO: Paraphrase the question

  • Restate the question to check your understanding

  • Interpret what you believe the questioner wants to know

  • Do the thinking for the questioner

  • Don’t answer the question until you have clarified

  • Gives you some thinking time

  • Leads to better quality answers

Sample replies

  • As I understand your question, what you would like to know is: what is the major impact of this new regulation?

  • As I hear your question, what you would like to know is whether the impact of the new regulation will affect our business units. Is that correct?

  • If I understand you correctly, you are interested in [topic one]. Could I just check whether you would like to know about X or Y first?

Format THREE: Scope is too broad

  • When the question is too broad, check.

  • Don’t guess. Ask to clarify.

  • Ask a checking question

  • Give options to the questioner

  • Don’t ask the question to do ‘more work’

Sample replies

  • That’s a good question. It’s very broad and complex. Could I ask which aspect you are interested in?

  • That’s a good question. It’s very broad and complex. Should I start with A or B?

  • Two issues come immediately to mind. Issue 1 and Issue 2. Where one would you like to explore first?

  • This is a little broad in nature. It would be helpful if we could be more specific. Should we start with X, Y or Z?

  • This question is a little bit broad, could you be more specific?

Format FOUR: Clarify the question

  • When you are uncertain which aspect the questioner is interested in

  • Complex topics that would take a long time to talk about

  • Giving yourself some thinking time

  • Enables more of a conversational style to emerge in the Q&A

Sample replies

  • I could answer this question in two ways. From perspective A, or perspective B. Which aspect would you like me to focus on first?

  • Good question. Are you most interested in A or B or C?

Format FIVE: Too much information? Slice the melon!

  • When you have a lot of content you could use in your answer [the large watermelon]

  • Slice your information into sections [slices of the melon]

  • Overview the content in bullet points first

  • Then check which area the questioner would like to address first

  • Then focus into and drill down in that area

  • After you have covered each area, check back to see how the questioner would like to proceed

Sample replies

  • This is a complicated area. The main challenges to consider are 1,2,3, and 4. Which issue would you like to start with?

  • This is a very complicated question. The regulations are new and involve a lot of details. We have investigated the implication with our auditors and have identified six areas that we should address. In brief they are 1,2,3,4,5 and 6. Which one is most important to you right now?

  • We have analyzed this problem over the past two months and four areas need to be considered. I would like to briefly overview each area and then perhaps you could tell me which one is most urgent for you right now. We could then drill down into that one first.

How does checking affect your credibility?

  • It enhances it! Precise communication is always appreciated

  • Mix up your language patterns so that you do not repeat the same phrases.

Samples:

  • Could I check my understanding?

  • That’s interesting, let me see if I understand your question.

  • Let me see if I got your point

  • Good question. The focus is a little bit broad. Where are you going with this? What would you like me to address first?

  • To answer that question in full, I could speak for 30 minutes. Could you help me understand where I should start?

Conclusion

While conference calls, meetings and aggressive questioners will always be a fact of life for many senior business executives, using these five formats will give you the confidence that you can better engage, interact and connect with even the most challenging of question.

About the Author

Warwick J Fahy

Warwick is passionate about helping executives, working in multinational companies based in Greater China, speak out with executive presence so they can think, speak and act like a leader. I help executives turn the complex into compellingly simple message that are understood, passed on and acted on.”

Learn more about who I help here.

Download the Speak like an Executive Executive Communication White Paper here (PDF, 237kb)

Warwick is the author of “The One Minute Presenter: 8 steps to successful business presentations in a short attention span world”.  Now available on Amazon.com.

New: Read “The One Minute Presenter” as an e-book. Available in all maor e-book formats here.

Sign up to “52 Tips to more confident public speaking” newsletter at www.warwickjohnfahy.com

Getting more from your iPad in business presentations and meetings

With more and more people using iPads as a business presentation tool, you need to stay on top of the latest tools to get the most from your iPad. Here is a good article called

“11 iPad Apps For Meetings And Presentations” by Sharlyn Lauby

Remember that every piece of technology you use in a presentation is only a prop to help you deliver a clear message that is aligned with your presentation’s purpose. Start with your message, then think about how these apps can help you deliver on that message.

If you need help then visit this page to learn more about how I help senior executives speak out with more executive presence.

Craft an Exceptional Elevator Pitch

A suggested outline for an elevator pitch from Penny C. Sansevieri at Huffington Post

While it is written with a book author in mind, you can apply it to different situations.

What do you do to overcome fear of public speaking?

Roger was a successful executive working with an international technology company. Having just completed his MBA, he was promoted to general manager. In his new role, he would have to give more public presentations to his team in China and the head office in California.

Despite a strong technical background and good industry knowledge, Roger was never comfortable before an important presentation. Up to a week before, a general feeling of anxiety came over him which stopped him from sleeping well at night. On the day, and even hours before, he felt sick while his hands were cold and sweaty. As he stepped up to present, his mouth went dry and his heart was pounding. He could feel his throat tighten and his knees felt weak. He took a few rapid breaths and with trembling lips took his first words.

Fearbuster#1: Work your body

The first step in beating nerves, stress or a bad mood is a good physical condition. Water and oxygen are a great way to keep a healthy body. Imagine yourself standing on top of a mountain looking around breathing in fresh clean mountain air and sipping a bottle of cool clean spring water. You get the picture. It’s making me feel more relaxed already. Now you may not have the benefit of a mountain nearby, so what else can you do? Exercise. My business coach picked this out during one of our sessions. He noticed that whenever I was down on life in general, it was usually at the same time as a drop in my exercising. His solution was to swim, run and cycle more. It worked for me as I love triathlon racing. Here’s how it can work for you too:

1. Have a workout during the week of your presentation. Block out the time and spend two hours doing whatever exercise you enjoy most. Go for a swim, take a run or visit a gym. Finish off with a spa or massage if you have time.

2. On the day of your presentation, take a walk to get some air in your lungs, which improves your blood circulation and controls your nerves. See Fearbuster#4 for more on breathing.

3. A few hours before your presentation avoid drinking tea, coffee or caffeine based soft drinks (including colas). These are diuretics which remove water from your body. You should drink plenty of water as this has a calming effect by making your body aerobic.

4. Just before you come on stage, walk out your nerves. Don’t sit down just before coming on stage. Get the blood moving so you’re coming in at a higher energy level. You can also stretch your neck, shoulders, arms and fingers to relax any tense muscles. Meeting and greeting your audience can help you transform nervous energy and start to create a connection.

About the Author

Warwick J Fahy

Warwick helps C-level executives, working in multinational companies based in Greater China, who struggle to get their point across and influence their key stakeholders. Warwick helps the executive project their message with confidence allowing them to express their opinions powerfully and gain respect from senior managers even when under pressure.”  Learn more about who I help here.

Warwick is the author of “The One Minute Presenter: 8 steps to successful business presentations in a short attention span world”.

Now available on Amazon.com.

New: Read “The One Minute Presenter” as an e-book. Available in all maor e-book formats here.

Sign up to “52 Tips to more confident public speaking” newsletter at www.warwickjohnfahy.com