This presentation covers the importance of negotiation and pitching skills in the corporate world. It includes the principles of pitching, expected results of pitch, and obligations of pitch and issues that can arise. The presentation also provides references for further reading. The subject and course code are not mentioned.
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PITCHING AND NEGOTIATION SKILLS
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About this templateTABLE OF CONTENT INTRODUCTION PITCH BY ANALYSING THE PRINCIPLES EXPECTED RESULT OF PITCH OBLIGATION OF PITCH AND ISSUES HAPPENED CONCLUSION REFERENCE 2
INTRODUCTION Negotiation and pitching skills are important for the corporation since they help to attract stakeholders' interest and reach an agreement in the best interests of the individuals. This is the approach used to identify the values of all persons involved in the company’s operations. In the given case study, Microsoft has acquired Nokia in which the organisation has faced many barriers in negotiation. This report will cover the identification of the information required to prepare for a negotiation and also the managing of documentation relevant to tenders and contracts. 3
A business pitch's objective is to either capture an investor's attention) or to describe the potential investment opportunity. During the business presentation, the sales staff must explain how the company meets the demands of the customer and solves their problems. Pitching delivers material that is customised to certain media sources. It provides information about business that is relevant to their target. 4 PITCH BY ANALYSING THE PRINCIPLES
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5 The pitch demonstrates the company to prospective investors. People are putting collectively the firm since they require resources. When the aim is to acquire startup capital, the purpose is to locate an investor who is willing to give a briefing. A business pitch involves two or more persons in an investor or group of investors. It might be pitch mail, a message, or something else. The primary goals of business participation are to safeguard corporate assets. There are some goals for pitching. This usually raises up the primary element of the idea as an effective pitch. PITCH BY ANALYSING THE PRINCIPLES (cont..)
PITCH BY ANALYSING THE PRINCIPLES (cont..) 6 Partnership Time:When both partners believe they would be collaborators after finishing this, the pitch contract provides them with a substantial competitive advantage. Companies are collaboratingtodeliverbetterservicesinordertomaintainacompetitiveadvantage.If Microsoft and Nokia as partners believe that the partnership will endure longer and that both teams will benefit from issue solving. While entering a firm, Microsoft wants to discuss the matter. As a result, a successful pitch always lays forward a plan for problem solutions. These are the fundamental principles of pitch. Don'tignorethesmallproblem: Introducing a pitch might bring a slew of concerns. All of the carrying statements should be emp hasized by the interviewer.
7 CleartheNegotiationAgenda: Nobody should be engaged in developing a specific conversation agenda. The negotiator sh ould provide the buyer the appropriate quantity and timeframe. This concept implies that you should not talk and draw on a minor point that leads to the m ajor point and solution. Respect Buyer:It is the primary foundation for pitching. Avoid consider the purchaser's age in the future. These could be little at sometimes, but if that's not the case, the negotiation management believes the buyer seems to have little understanding. New customers desire to go forward in the firm. These are the primary objectives of pitching. PITCH BY ANALYSING THE PRINCIPLES (cont..)
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EXPECTED RESULT OF PITCH 8 Microsoft welcomes new investment assignments in this manner. In the lead. The agreement operator hopes that just a small number of investors will be interested in investing in it. This is a positive aspect of the business and the conclusion of the pitch. Bad proposals do not always stick in the minds of investors. There are three possible consequences in Pitch.
EXPECTED RESULT OF PITCH (cont..) 9 Agree on investment:As a result, investors favor the plan. This indicates that investors are much more engaged in the project pitch and are happy with the presentation pitch. Investors desire to understand all of the specifics of their projects, which the project manager explains. Following that, they discuss about funding, debate it, and reach judgments. If an investor is engaged in the pitch, he will almost certainly invest.
10 Dissatisfied:If an investor is unhappy with the proposal, he or she may ask for further informationabouttheideabehindthepitch.Investorsarenotinterestedinthe Microsoft proposal. This demonstrates that the investor is dissatisfied with the project 's execution and functionality. Microsoft must then utilize this to go forward with the project, periodically reporting on project progress and seeking more help. Self-disclosure:As a result, the idea is rejected by investors. Refuse for direct funding.In reality, it will not occur as Microsoft is a renowned business and no investors will be able to ignore their proposal if it falls within the scope of a Microsoft project. EXPECTED RESULT OF PITCH (cont..)
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OBLIGATION OF PITCH AND ISSUES HAPPENED 11 ThFollowing the presentation of the pitch, the negotiation manager of Microsoft must fulfil the duties to build good connections with the investors. Follow-up emails Forecast and track Keep them updated Understand their doubts and address them: Be polite and nice Tell them what they want to know
12 Follow-up emails: Follow-up emails must be addressed to the negotiating manager at the market. ItInform them with all relevant project and financing details. This will foster a positive connection with investors and Microsoft. Forecast and track:Microsoft Negotiation Manager must forecast the future and monitor project and project success on a regular basis. This would aid Microsoft in the success of the initiative. OBLIGATION OF PITCH AND ISSUES HAPPENED (cont..)
13 OBLIGATION OF PITCH AND ISSUES HAPPENED (cont..) The issues that can come up in the pitch: Not doing proper research:Microsoft would struggle to acquire investors if the negotiating manager does not conduct any investigation before to presenting the presentation. The negotiating manager would unable to persuade the investor Failure to resolve concerns:Negotiation management must correctly analyse investors' preferences for and dislikes of their personalities. It will assist Microsoft in responding to investor concerns.
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14 CONCLUSION From the presentation, it can be concluded that in attempt to convinceinvestorpartiestoparticipateinthebusiness'sideas,the corporation should have expertise and understanding of negotiating and pitching.Furthermore,thestudyemphasisesthatnumerous documentation are required in negotiation and presenting, such as RFPs, contracts, and agreements, that serve as rules for the discussion among the two sides.
You can also split your contentREFERENCE 15 Blank, S., 2019.Managing organizational conflict. McFarland. Flynn, A. and Freiberg, A., 2018.Plea negotiations: Pragmatic justice in an imperfect world. Springer. Goleman, D., Langer, E., David, S. and Congleton, C., 2017.Mindfulness (HBR Emotional Intelligence Series). Harvard Business Press. Leivestad, H. H., 2017. Campsite migrants: British caravanners and homemaking in Benidorm.Nordic Journal of Migration Research, 7(3), p.181.