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Table of Contents INTRODUCTION...........................................................................................................................1 MAIN BODY..................................................................................................................................1 Characteristics of approach........................................................................................................1 Assumption of approaches.........................................................................................................2 Risk in approaches.....................................................................................................................3 Influence on relationship of approach........................................................................................4 Comparison between approaches...............................................................................................5 Recommendation.........................................................................................................................5 CONCLUSION...............................................................................................................................6 REFERENCES................................................................................................................................7
INTRODUCTION Business communication is the process of exchanging information between personnel within and outside a company in order to achieve organisational goal in an effectual and expeditiousmanner.Allorganisedactivityrelieswhollyontheprocedureofbusiness communication which ranges from managerial to technical conversation with vendors. Hence, the foremost aim of workplace transmission is to enhance organisational practices and controls the possibility of arising conflicts for enhancing the brand value of company in an improved way. Additionally, in business personnel requires negotiation skill to secure better deals as it refers to a process in which people settle their differences in terms of compromising or avoiding the matters for maximising the profit in an expeditious mode(Meredith, 2012). . For this report, United Beverages Pty. Ltd has been considered which is one of the large and reputed beverage manufacturing and sales organisation in Australia. It's General Manager came across with an issue among its team members that there is a lack of skill in company's employees in terms of processing negotiations. So, in this study it includes identification of different types of approaches related to negotiation and recommended suitable action for an organisation. MAIN BODY Characteristics of approach Negotiation is a process or method where two or more parties come together with different goals and needs discourse an issue to find a mutually acceptable solution. In every business, negotiation skill are concerned as integral element in both informal day to day interactions and formal transactions like negotiations conditions of sale, lease, service delivery and other legal contracts(Waldeck and et. al., 2012). In regard of this report, United Beverage's manager takes an initiative to evaluate their overall performance in which they analysed that its sales performance is not much competing which negatively effect over their brand value within existing marketplace. Furthermore, the reason behind this negative impact is lack of negotiation skill in United Beverage's employees as they are not able to make or take contract with other their vendors in a satisfactory way which reduces the productivity of company. So, in order to overcome this challenge United Beverage's manager utilises the approaches of negotiation within its sales team which are explained below: 1
Competitive positional- based negotiation:Under this approach, it signifies that it is related to those negotiation strategy in which idea or thoughts of particular matter are fixed and static in nature, regardless of any underlying interest(Barrie, 2012). Some of the characteristics are given below:ļ·Counterproductive in nature:The issues and interest which involves in positional based negotiation process are distinctive and related to each other. This is because the concept of arising issues are universal fact which give rise to generate conflict within working culture. On the other hand, the term interest is specific to each group which United Beverage utilises to acquire best position inside competing industry. In context of interrelatedness, when the negotiating parties contains different sort of opinion or ideas which leads to generate conflicts of interest that hinder United Beverage'steam members to come into agreement state. Therefore, in such case it is better to negotiate in terms of perspective and move towards for a comprise to build positive relationship in a better way(Bhatia and Bremner, 2012). Problem solving interest based negotiation:This aspect is also termed as integrative bargaining in which parties come together and collaborate with each other ideas in order to find win -winsolution for particular disputes. Some of the characteristics are as follows: ļ·It render enormous growth opportunity as it enable both parties to acquire novel ideas or views which help them to bring effective outcome in a satisfactory way. ļ·Under this, it contains sufficient amount of resources which is divided among both parties and it render a possibility of accomplishing win- win result. ļ·Its foremost feature is to optimal usage of available resources as each groups are requested to share ideas or information to each other in order to create value and maximise joint outcome. Assumption of approaches The above explained approaches has its own features and roles which differs them from each other and its varies in terms of usage for an accomplishment of organisational goal in an effective manner(Crews and Stitt-Gohdes, 2012). Some of the assumption of these approaches are shown beneath: Competitive positional- based negotiation: Assumption 2
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ļ·During handling a consequence or issues an individual should only focus over their position or idea inspite of any underlying interest for an accomplishment of specific task in an improved way(Craver, 2012).ļ·In case any particular issues or problem involves extremely conflict underlying interests, then it may be best to centring on position and aim for comprise for building better relationship among both parties. Problem solving interest based negotiation: Assumption ļ·Under this, both involving parties should know their Best Alternative to a Negotiated Alternative (BATNA). It means negotiators makes an attempt to identify underlying interest rather than focusing over position which assist them to come up with amended results that meet each party's needs without harming their morale. ļ·Theanotherprimalassumptionisthatnegotiatorsshoulddevotetheirtimefor brainstorming so that they come across with wide range of possible options before choosing the best one(Guang and Trotter, 2012). In this, options signifies to any available choices on which both groups might consider to fulfil their interest or want encompassing conditions, contingencies and trade in order to obtain positive relationship for longer period of time. Henceforth, above mentioned assumption contain its own roles and methods which requires effective planning and coordination among workplace culture. In context of United Beverages, its managers takes an initiative to determine the issues and takes a corrective course of action in order to acquire best position within competing marketplace as well as to gain competitive advantage in an improved way. Risk in approaches Although, positional based and problem solving oriented approaches are regarded as most integral and productive aspects which lead an establishment to accomplish its pre determined goal in an effective and efficient way within stipulated period of time. Moreover, it enable organisation to make long lasting contracts or agreements with dealers for attaining increased level of proficiency in a better way. However, it contains several challenges which might hinder United Beverage personnel to impose contract which are discussed below: Competitive positional- based negotiation 3
ļ·Less constructive:In this, it signified that people acquire this approach when entering a negotiation.Asthenegotiationadvances,thenegotiatorsbecomemoreandmore committed towards their job post in which they continually tries to restating and defending themselves(Thomas and Stephens, 2015). Due to which, a strong earnestness to defend a position usually leads to a lack of attention to both parties 'underlying interest'. Moreover, it is less likely to result in a'win-win'outcome and also create bad feelings among parties as there is possibility of arising adversarial statement i.e. 'you vs. me'.ļ·Incompetent:Under this, it states that it is inefficient in terms because each individual mainly focus over their position and they come up with enormous decisions which takes longer duration for superior to reach in a comprise stage. In addition to this, confrontation leads to rigidity among group members that impose difficulty in imposing decisions. Problem solving interest based negotiation In integrative approach risk or threat is based upon the common observation as it encompasses two parties who come with an intent of collaborating with each other for improving the overall performance in a amended way. If one party is unwilling to take participate in negotiation then problem solving negotiation put them in a drastic risk which are as follows: ļ·The negotiator will be forced to either give in or acquire a competitive stance which may give a possibility of generating conflicts or misunderstanding among groups that hinders in implementing best strategic decisions(Pikhart, 2014). ļ·In case if negotiator fails to reach over agreements then they may see themselves as a failure that impact negative perception on other co-members within an organisation. ļ·There is a chance of leakage of information as each members have to disclose available information which cannot be reciprocated in any manner. Due to which, it effect over their relationship by generating misunderstanding and misconception about each other that decreases the brand value of establishment among marketplace. Influence on relationship of approach In context of relationship of each approaches, it help United Beverages to determine current or emerging trend or demand within marketplace and based on that make corrective course of action which lead them to attain sustainable profitability in an improved manner. Moreover, it help them to gain latest or innovative information that assist them to accomplish 4
organisational goal in an effectual and expeditious way within proscribed time period(Pearson, 2017). Comparison between approaches Positional based approachProblem solving interest based approach ļ·Disputantsareopponentasthey wholly centring over position rather than each other underlying interest on particular matter. ļ·In this, disputants are joint problem solvers in which both the parties provides an equal opportunitiestoeachotherintermsof sharingideasoropinionforbringing effective outcome in a satisfactory manner. ļ·Under this, each group members believesthattheirgoalleadsto victory i.e. win-win aspect. ļ·Inintegrativeapproach,theirforemost intentistomakewisedecisionsfor strengthening the relationship between each members in a better way. ļ·Itmaygiverisetomislead individualsastheyimplements someshortcutsortricksthat reduces the value of team(Cardon and Marshall, 2015). ļ·In this, their primal aspect is that each team orpartiesmustadoptsfairoraccurate principlesaswellasprovideequal platforms for obtaining profit maximisation in an amended manner. ļ·In this, they apply more pressure over each members which impose difficulties in making decisions in an improved way. ļ·It applies reason and principles and tries to avoid pressure which bring increased level ofcollaborationorcoordinationinan amended way. Recommendation As per the evaluation of preceding based approaches, problem solving interest based negotiation approach has been recommended for United Beverages as it help them to bring teamwork, collaboration and coordination within its working culture in an effective way. Moreover, it empower them to make use of available resources as well as to acquire novel ideas 5
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or thoughts that aid them to broaden their knowledge skill or abilities in order to gain competitive advantage in an innovative and creative style(VerÄiÄ, VerÄiÄ and Sriramesh, 2012). In addition to this, it help its sales team to build a positive relationship with each other which enable them to make contract with many dealers or vendors that lead them to acquire best position within competing industry. CONCLUSION Ithasbeenconcludedfromtheaboveexplainedreportthateffectivebusiness communication plays a significant role within company as it enable every manpower and management to interact effectively which lead them to achieve firm's pre determined goal. Along with this, it assist every personnel to build better working condition as well as to create collaboration among team members that improves its overall performance in an amended way. Moreover, negotiation skill is regarded as one of the primal capability for business personnel as it benefit them to generate a long term relationship with stakeholders and vendors in an improved way. It contains various types of approaches which has its own procedures and roles that render proper guidance and direction to group members which help them to enrich build transparent relationship between group members and attaining high level of sustainable profitability in a better way . 6
REFERENCES Books and Journals Meredith, M. J., 2012. Strategic communication and social media: An MBA course from a business communication perspective.Business Communication Quarterly.75(1). pp.89-95. Bhatia, V. K. and Bremner, S., 2012. English for business communication.Language Teaching. 45(4). pp.410-445. Crews, T. B. and Stitt-Gohdes, W. L., 2012. Incorporating Facebook and Twitter in a service- learning project in a business communication course.Business Communication Quarterly.75(1). pp.76-79. Waldeck, J. and et. al., 2012. Communication in a changing world: Contemporary perspectives on business communication competence.Journal of Education for Business.87(4). pp.230-240. Guang,T.andTrotter,D.,2012.Keyissuesincross-culturalbusinesscommunication: Anthropological approaches to international business.African Journal of Business Management. 6(22). pp.6456-6464. Pikhart,M.,2014.Implementingnewglobalbusinesstrendstointerculturalbusiness communication.Procedia-Social and Behavioral Sciences.152.pp.950-953. Pearson, R., 2017. Business ethics as communication ethics: Public relations practice and the idea of dialogue. InPublic relations theory(pp. 111-131). Routledge. Cardon, P. W. and Marshall, B., 2015. The hype and reality of social media use for work collaboration and team communication.International Journal of Business Communication. 52(3). pp.273-293. VerÄiÄ,A.T.,VerÄiÄ,D.andSriramesh,K.,2012.Internalcommunication:Definition, parameters, and the future.Public relations review.38(2). pp.223-230. Thomas, G. F. and Stephens, K. J., 2015. An introduction to strategic communication. Craver, C. B., 2012.Effective legal negotiation and settlement. LexisNexis. Barrie, S. C., 2012. A research-based approach to generic graduate attributes policy.Higher Education Research & Development.31(1). pp.79-92. 7