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Pitching and Negotiation Skills Assignment - Pouch company

   

Added on  2020-10-23

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Pitching and Negotiation skills
Pitching and Negotiation Skills Assignment - Pouch company_1
Table of ContentsINTRODUCTION ..........................................................................................................................1LO1..................................................................................................................................................1P 1 Determine what is negotiation, why it occurs, and who are its stakeholders during theprocess. .......................................................................................................................................1P 2 Evaluate the key steps and information required for negotiating and generating deals. .....2LO2..................................................................................................................................................3P 3 Explain RFP process and the relevant documentation required...........................................3P 4 Explain the contractual process and how relevant documentation is managed andmonitored....................................................................................................................................3P 5. Develop an appropriate pitch applying key principles that achieve a sustainablecompetitive edge. .......................................................................................................................4P 6. Assess the potential outcomes of a pitch. ...........................................................................5P 7. Determined how organisation fulfil their obligations from a pitch, identifying potentialproblems that can occur. ............................................................................................................6CONCLUSION ...............................................................................................................................7REFERENCES................................................................................................................................8
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INTRODUCTION Pitching is made by entrepreneurs or individuals who are starting a new business and donot have funds to build up a business. Then pitch is made that includes the details of a new start-up which is then provided to an investor. Apart from this, negotiation skills are consideredimportant in business. This is because good negotiation skills contribute significantly to businesssuccess. The report is on Pouch company that however, gained offers from all five Dragons, theinvestment didn't go through. This is a free browser extension which automatically finds &shows discount codes for online retailer. Also, it will evaluate the context of a negotiation andinformation required to prepare negotiation. Further, it will explain RFP process anddocumentation required. LO1P 1 Determine what is negotiation, why it occurs, and who are its stakeholders during theprocess. Negotiation refers to a method by which people settle differences with other party toagree upon similar decision. Further, it is a process through which compromise or agreement isfulfilled while avoiding disputes and conflicts. Poor negotiation skills can affect the organisationjust as fast as loosing customers. If there is any disagreement, employees will make efforts toattain the best possible outcome for their position. Therefore, negotiation can be defined as thetechnique to resolve disputes and business negotiators i.e. the Pouch will be required a lot ofhomework to achieve success. It has been determined that, negotiation can be occur in any business situation, butcompany negotiate in everyday situation outside of the place of work. However, it occurs whenthere are the best possible outcomes are available from a situation in which two or more partieshave interest. For example, in Pouch negotiation process will occur while asking an investor toinvest in their company. In this way the relationship between both the parties is shaped throughthe process of negotiation. Therefore, this states that for achieving success in business dependson having good negotiation skill (Broadley, Champion and McHattie, 2016). Every business, need to recognise and find major stakeholders and determine theirrequirements and expectations of the project. Effective negotiation skills, and communicationbetween stakeholders ensure that the investment will be successful and that everyone is on the1
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