Pitching and Negotiation Skills
Added on 2021-01-02
11 Pages3006 Words386 Views
Professional DevelopmentHigher EducationMechanical Engineering
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Pitching and NegotiationSkills
Table of ContentsINTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................11. What a negotiation is why it occurs and who are the key stakeholders in negotiation process(P1)..............................................................................................................................................12. Evaluate key steps and information required for negotiation and generating deals (P2)........2LO 2.................................................................................................................................................3Covered in ppt ............................................................................................................................3LO 3.................................................................................................................................................4P5 Develop an appropriate pitch applying key principles achieve a sustainable competitiveedge.............................................................................................................................................4P6. Potential outcomes of a pitch................................................................................................4LO 4.................................................................................................................................................5P7. Issues in pitching process......................................................................................................5CONCLUSION................................................................................................................................6REFERENCES................................................................................................................................8
INTRODUCTIONPitching and negotiation skills consider comprehensive view that assists to focus on theeffectiveness and attain more appropriate working. In this regard, skills also develop that isessential for managing and running of small businesses or being important part of dynamic andinnovative workforce. Good pitching skills for new products and services assists to generate moresales and increase networking opportunities with different people (Steven and Richard, 2018). Present study based on company of Dragon Den in which Bedlam puzzles has beenselected. It is deal after filming and deciding against it after all instead going for ban loan. It isalso paid off because 3D puzzles went a bit crazy and started selling instead of well indeed. For gaining insight information of the present study, it can be stated that it coversnegotiation skills and key stakeholders involved in it. Furthermore, there are several steps andinformation for negotiating and generating deals also measure to develop more significantadvantages. Moreover, it contains RFP process with including relevant types of documentationrequired. At last, potential outcomes of a pitch has been explained with fulfil their obligationfrom a pitch. LO 11. What a negotiation is why it occurs and who are the key stakeholders in negotiation process(P1)Negotiation is discussion which aimed to reach an agreement. In different consideration, itcontains action process of transferring legal ownership of a document in Bedlam puzzles todevelop more appropriate work and significant advantages as well. Strong negotiation skills canbe difference between beneficial compromise and a loss. There will always be conflicts in life andability to solve them is considered as including several people to solve this issue and problem. Itcreates success which would be beneficial at workplace and includes several people in it (Romo,2017). Reason behind this is to solve conflicts issues and problems in particular enterprise. Thereare several stakeholders involved in this that are as follows:Union: Union might expect to be engaged in negotiating at times when it is implementingagency to using other forms of engagement. In addition to this, it containscommunication, consultation and cooperation. Therefore, it attempts positive process in1
Bedlam puzzles. Furthermore, it is also important to focus on the different opportunitiesthat are covered to beyond the work (Tripopsakul and Charupongsopon, 2017). Government: Government also diminish their opportunities for negotiated and change thatare likely to be vigorously opposed. It will also assist to implement more effectivenesswhich would be beneficial to implement process of the work. Customer: Customer are also important consideration of negotiation process which assiststo make appropriate process of communication and develop more significant advantagesin Bedlam puzzles. This is because, there are mainly different kinds of activities and taskshas been successfully built that must be carry to attain appropriate working (Diop, 2018). Communitysociety: Community society is the process in which negotiation process willbe successfully develop to attain more effective and significant results. On the basis ofwork, it can be stated that process will be carry more desired level performances toovercome issues and problems. The structure of every negotiation process is multinational system. At any time, givennegotiation occurring simultaneously with three distinct dimensions that are as follows:Horizontal dimension across the table with other sideInternal dimension within each team of negotiation or party to the negotiation.Ratification also needed between each team so that party and the organisational hierarchyalso successfully followed (Ellermann, 2017). 2. Evaluate key steps and information required for negotiation and generating deals (P2)In order to consider successful negotiation and generating deals with process in Bedlampuzzles. There are following steps can be taken in the system:Preparation and planning: Preparation and planning is the first step in which negotiationprocess consider. In this way, both parties such as employer and employee will organiseand accumulate information that are necessary to have an effective negotiation. Within theBedlam puzzles, it is essential to prepare fully for the negotiation. Information can bepowerful in the process that assists to add validity to claims. In the companies,investigation also needed for each other history and try to figure out opening offer thatcover with the highest amount of chosen enterprise contribution (Tripopsakul andCharupongsopon, 2017). 2
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