Negotiation Tactics in Business
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The ability to communicate effectively verbally and in writing with internal and external people is vital to the success of any business.
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- Explain the importance of negotiation in a business environment. Think about the reasons for negotiation and how can it benefit your situation within business? What consequences could there be without negotiation? Give me 2 examples where negotiation or lack of negotiation has had an impact on a situation at work
- Sometimes we need to negotiate. Explain the features of different ways to negotiate.
Disruptive (competitive approach) - also known as "claiming value," "zero-sum," or "win-lose" bargaining, is a competitive negotiation strategy that is used to decide how to distribute a fixed resource, such as money.
Integrative (collaborative approach) - This is also what is known as "interest-based bargaining," "win-win bargaining". This is a negotiation strategy, in which parties collaborate to find a "win-win" solution to their dispute. This strategy focuses on developing mutually to beneficial agreements based on the interests of the disputants.
- What are the 'components' of negotiation tactics? Think of how each of these ways to negotiate may have their advantages or uses in negotiating?
Preparation - This is looking at the timescale and the resources. You will have to collect facts and data. Most importantly it looks at the organisation policies and procedures and the legal and ethical requirements.
Negotiation Styles - The most popular way to divide the typical negotiation is: Competing (or Aggressive), Collaborating (or Cooperative), Avoiding, Compromise, accommodating (Conceding). Most negotiators have one or two preferred negotiation styles.
Negotiation Behaviours - This is all about the awareness of someone's body language, their effective listening and questioning skills.
Exchanging information - This is looking at the focus that they have, the goals that will be set for themselves over a period of time and they will look at proposals.
Bargaining - This is achieving mutual agreement with someone over a period of time. To get to that point you need to look into their problems and solve them for them.
2.1 Explain the different types of presentation and their requirements. Think about the different ways you could present information and what reason the information is being communicated.
Informative presentation -This presentation type uses descriptions, demonstrations and uses definitions to explain a matter or a subject. However, they sometimes place the audience where they can understand. An informative speech makes a tricky topic easy to understand as it offers a different point of view. This is a brief presentation which gets straight to the point.
Instructional presentation - The general usage of this is to have an instructional approach that is structured, sequenced and led by teachers. This will have clear learning objectives where the presenter will want the audience to understand and follow.
Inspirational presentation -The main purpose of this is to inspire and uplift the audience. This will have more of a story telling point of view from the presenter which will have a use of vivid language and will have an emotional connection with the audience.
Persuasive presentation -This is a specific type of speech where the speaker has a goal to convince the audience to accept their point of view. This is where at the start of the presentation the presenter will talk about the problem and then throughout the power point talk about how he/they can solve the problem.
Decision making presentation - This is a presentation when you suggest a lot of ideas for the audience, which gives them a variety of different points to look at. It is a presentation of persuasive arguments which will tell the audience the good and bad things about the product they are offering.
2.2 Explain how different resources can be used to develop a presentation.
Use of software packages - This is important because this is all about the creation of the whole presentation. With this you will have the creation of: text, images, graphs, charts, tables and linking to internet pages. All of these are vital for a presentation.
Use of speaker notes and cue cards - These are put in place to help the speaker can put down their key points down so they can refer back to their PowerPoint. This will act like an additional bit of information to the speaker to help them.
Use of audience hand-outs - When handing out to the audience, this is normally when the speak will hand out a copy of the PowerPoint slides. This also acts again as additional information for the speaker.
Use of boards and flip charts - This is a good way to interact with the audience because once the presentation is over the speaker can have immediate feedback which will help the speaker out.
Develop a presentation - When developing a presentation, you will use all of the resources listed above. (Software packages, speaker notes and cards, audience hand-outs and boards and flip charts). This will help develop these stages by initial proposal, drafts, edits and final agreed presentation.
2.3 Explain the different methods of giving a presentation or conveying information. Include what you may use for each of the following.
Face to face - When doing a face to face presentation it is where a presenter and the audience is in a physical location. This could either be a seated presentation or a standing one. When presenting the presenter can use one of 3 things. These include: using a computer screen, PA system or a flip chart or board.
Webinar - This is a remote presentation which is an internet based online workshop. This is mainly a voice and a video chat. You will have the presenter and you will have the audience which can listen when they have logged into it online. There will be a set time when the audience has to be logged in by.
Video Conferencing - This is almost like a face to face presentation. However, this is a remote presentation where it will be a two-way video via webcam to go through the presentation and then questions can get asked
2.4 Explain the best practice in delivering presentations. (Some of this section you may have answered in unit 9, revisit your work for unit 9 and check. If you feel you have answered this already state this next to the specific criteria).
There are 4 ways in which to ensure you can produce a good presentation. These include:
When planning you need to insure that you focus everything on the audience. When focusing on the audience you need to provide them with good quality information and to use a good choice of: text, graphs and slide transitions and timings. When preparing and organising the main thing you can do is to write out in note form your key points. This will make the presentation easier as you can always refer back to the important parts in your PowerPoint and you don't need to try and remember everything. Also creating and printing out handout for the audience will make it easier for them to understand. When practicing and delivering it is always good to read a script when going through each slide of the presentation so you can provide the audience with the best information as possible. Finally, effective communication is vital when presenting. This is because you need to make sure you have a loud clear voice, you talk at a steady pace, the volume of your voice is loud enough for everyone to hear, body language and posture is standing up straight and using hand gestures.
2.5 Explain how to collect and use feedback on a presentation. Think about this simplistically. What can you do at the end of a presentation to get feedback on whether the information has been effectively delivered?
When collecting feedback on a presentation it is important that you take all of the information in. When collecting it, you can collect it in a number of different ways. These include: evaluation sheets, verbal feedback, surveys, activities and tasks. All of these are useful to use because people will give them their honest opinion so you can get the best feedback possible. It is important to use feedback on a presentation; this is because it's for your personal benefit. Not only is this a good way to get your strengths of the presentation back, but it also benefits you so you can work on the areas which need improving.
3.1 Explain the characteristics of bespoke documents. Bespoke documents are documents or materials made specifically for that use, company, or subject / information. Characteristics are things such as; corporate/professional image.
Bespoke documents can come in a variety of different ways. Some of these include: Handbooks, questionnaires, spreadsheets, databases, slideshows and presentations. These are important because it puts a professional image on your company, which will attract new potential customers or will keep your current customers interested. However, the most important aspect of these is the way that all of the above maintain the reputation of the organisation which will keep the business on track and on target of their goals.
3.2 Explain the factors to be taken into account in creating and presenting bespoke documents, consider aspects such as image, legislation, Available resources, Ease of use (e.g. is it realistic to get a choir in to demonstrate the meaning of a crescendo)? Quality of resource.
The factors that need to be considered when creating a bespoke document include:
3.3 / 3.5 - Explain the legal requirements and procedures for gathering information for bespoke documents. Think here about information you may wish to create, if it contains data and statements then what should you ensue prior to using such information? Do you need to gain approval; explain how you do this?
The legal requirements include:
Procedures for gathering the information for bespoke documents is all about having the correct information and having the requirements that is necessary. You need to make sure that you research all of the legal requirements and make sure that the consultation and approval of the information is gathered.
There are many different methods when gaining this approval. One of the most common ones are having face-to-face meetings or even having a phone calls on this.
3.4 Explain techniques to create bespoke business documents. Explain how you have created some of your documents, show screen shots if you wish to help you describe how you created these.
When creating a bespoke document there are many different techniques you need to consider. These include:
4.1 Explain the typical stages of information system development. Think here about any information system you could store information. Think about what you would need to consider if creating or developing an information system. Aspects you need to think about are: Systems may be manual or electronic, access, security, features of the system eg: How is information going to be analysed / retrieved, It's strengths / weaknesses, how can you check its reliability? Once the system has been developed how will it be handed over to be operational? How will problem solving be executed?
(We suggest you look carefully at the amplification for this section).
There are two main information stages. These include:
The typical stages of information system development include:
4.2 Analyse the benefits and limitations of different information systems. Here you're looking to compare and consider differences between a manual and electronic system in terms of Reliability of data, security or loss of data, efficiency / speed, integration of information systems (systems corresponding and feeding information between each other). Reporting of information from the system, ease of amendments, space of information retention and access.
Both Manual and Electronic system have their benefits and their limitations.
Manual benefits- capital investment; everyone has experience of using manual systems; relevance to user; reduce information overload; data entry errors; lower risk of data loss; simplicity
Manual limitations- time; efficiency; physical space requirements; file naming conventions; archiving requirements; degradation of physical records
Electronic benefits- storage capacity; time, simultaneous multiple access to records; combination of other data; presentation of information; business efficiency, integration of multiple systems.
Electronic Limitations- capital investment; up to-date software and technological change; data loss through technology failure and security threats; system upgrades; server storage space; file naming conventions; quality of data input; resistance to change; may require training; information overload; duplicate copies of records
4.3 Explain legal, security and confidentiality requirements for information systems I a business environment.
What do the following mean Data Protection Act 1998, Freedom of information Act 2000, Copy design and patents Act 1988.
Explain also about security requirements of information systems. This will also include manual use and transportation of information, how could security be breached here and what can be done to reduce or eliminate the risk?
Data Protection Act states - how your personal information is used by organisations, businesses or the government.
Everyone responsible for using data and has to follow strict rules called 'data protection principles'. They must make sure the information is:
Freedom of information Act 2000 states - An Act to make provision for the disclosure of information held by public authorities or by persons providing services for them and to amend the Data Protection Act 1998 and the Public Records Act 1958; and for connected purposes.
Copy design and patents Act 1988 states - An Act to restate the law of copyright, with amendments; to make fresh provision as to the rights of performers and others in performances; to confer a design right in original designs.
Security of systems need to be in place. To ensure information is secure organisations need to:
Put all of these legislations in place to ensure the safety at work by the employer and also make sure that all of the employee's vital information is stored somewhere where no one can gain access to.
4.4 Explain how to monitor the use and effectiveness of an information system.
Think logically here. Imagine you created an information system and you want to check it is working as you had intended it to work. How can you collect data on an information system in use? What information would you need to find out so you are able to monitor and evaluate the effectiveness of the system?
First of all, you have to develop a plan that specifies objectives. You will then need to create a timescale for implementation and review and resource implementations. After this you would then get your feedback from others which will give you the implementation of: levels of usage and the timing of usage. This means you can gain early knowledge or any faults you would have with this system. After this, you would need to look into all of the legal and organisational requirements. Give any training necessary and make any other adaptations that are needed.
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