Employers and business professionals at all levels have long-held the notion that wooing prospective new hires and closing a deal over lunch is extremely effective however, I am thrilled to tell you there is now evidence (!) to support this belief, according to Lakshmi Balachandra, a Harvard fellow.
Ms. Balachandra's work subjected participants to simulating deal-making both with and without breaking bread. Results concluded that venue, service, ambiance and cuisine all impressively contributed to deals yielding millions of dollars more in value than deals made sans the dining experience. From the biological perspective, brain activity increased as glucose levels that boost brain activity were released, serotonin the "happy hormone" was emitted and unconscious levels of social behavior were more robust. From the emotional/psychological and very human perspective, interpersonal relationships were positively enriched as a direct result of this seemingly innocuous mundane business ritual.
While dining out and dining-related stimuli might make us more agreeable, business dinners can be high pressure which is why you want everything from directions to dessert to be intact. Please know unequivocally: there is more to astute business dining than merely selecting the right restaurant. The judicious professional is aware that while venue, menu and service are important, being confident - as a guest or host is critical and preparation is key as knowledge of traditional dining skills is fundamental to business success. The little things orchestrated pre, during and post business meals are not small at all and do not "just happen."
Related: How to Master the Art of Small Talk
We here at PCI have always asserted that deals get done and relationships are strengthened (or shattered) ... as a result of something we may or may not have done right at lunch. When you take the time, go to the trouble, make the effort to learn, prepare for, practice, master and execute the little things at any out-of-office repast, this is noticed and judged, and signals you give like attention in (other) business matters.
Top Dining Tips:
Hosts, Arrive in advance to accomplish the following:
Le cheque is eliminated and ... Voila! No awkwardness.