Pitching and Negotiation Skills - Assignment
Added on 2021-01-02
12 Pages3422 Words493 Views
Professional Development
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PITCHING ANDNEGOTIATION SKILLS
Table of ContentsINTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................1P1 Explain negotiation meaning and key of stakeholders during the process of negotiation1P2 Key steps and information for negotiating and generating business deals.......................3LO 2.................................................................................................................................................3P3 RFP process and documentation.......................................................................................3P4 Contractual process and documentation monitoring or managing....................................4LO 3.................................................................................................................................................6P5 Key principles of pitch......................................................................................................6LO 4.................................................................................................................................................7P6 Potential outcomes of pitch...............................................................................................7P7 Obligation from a pitch and issues that occur...................................................................8CONCLUSION ...............................................................................................................................8REFERENCES................................................................................................................................9
INTRODUCTIONPitching and negotiation skills needed to win agreeable terms and new contracts inbusiness. Higher authority handle the process of this activity between employee and employer.This term is established relation between two or many other people's to get agree with dailybusiness transaction and deal with issues or problems in organisation. Pitching means tounderstand or leasing problems of people and make to resolve it. Thus, this skills help inmanaging business and make workforce innovative. Trunki make huge children products indifferent types to make kids happy. (Horton, 2016). They are very famous in marketplace forproviding their good quality products. This unit explain the meaning of negotiation and itsoccurs reasons in business. It also defines RFP and documentation types that is required inorganisation. Further more, organisations process of filling their obligation from pitch andpotential issues that might be occurs. LO 1P1 Explain negotiation meaning and key of stakeholders during the process of negotiationNegotiation: it is an activity of making employees settle in differences. This processhelps in avoiding controversy or arguments in Trunki and reached within compromise orsettlement. These skills are very helpful for resolving the issues in business. It was beneficial foremployees and manager or other departments. Do not absorb problems, pay attention to timing,offers and expect commitment are the techniques of negotiation (Core, and et.al., 2016). It isvery important in day to day activity of business transaction such as service delivery, sales, andsome other legal agreements. Negotiations skills help in achieving business goals and successthrough build good relationship between staff members in every levels of organisation. Advocatean employing, distributive, conflict styles, integrated, integrative etc. are the types of negotiation.It has many other styles that helps in each and every stage of resolving or deals with problemssuch as collaborating, avoiding, accommodating, competing etc. negotiation skills is played animportant role at workplace of Trunki. It gets resolved all the crisis of employees and higherauthority or between other members of the firm. 1
Source: Stages of Negotiation. 2018Negotiation occurs reasons: it gets occurs in Trunki business condition because employees and employers decision does not match with each other it creates conflict between both of them parties. Thus, after the process of discussion about conflict situation people does not have any outcome. Negotiation occurs in organisation in three reasons are: how to divide or share few assets like profit or land, create innovative or techniques of work that might be other employee do not have, at last resolve issues or difference between the other workers. In organisation negotiation occurs process decrease firm productivity and increase loss at every stage of production (Page, and Mukherjee, 2014). It gets increase employees turn over and impact on business growth. All this activity make firm image down in marketplace and shareholder also removed its attachments within company. Key stakeholders are during process of negotiation: in trunki negotiation process is very helpful for solving problems and conflict among workers and other people. Stakeholders is are three or five persons who give their opinions in business decision at every levels. Manager, leader, or many people play their role in this function. Stakeholders of organisation is free to giveits view about applying business strategy or make new plans for achieving business goals. They invest their money in products of company and provide firm financial stability (Badoi, 2014.). 2Illustration 1: Negotiation skills
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