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Essay on Principles of Business Communication

   

Added on  2020-06-04

14 Pages2842 Words94 Views
Principles of BusinessCommunication andInformation

ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31.1 Importance of negotiation in business environment.........................................................31.2 Features and use of different approaches to negotiation..................................................31.3 Components of negotiation tactics...................................................................................4TASK 2............................................................................................................................................42.1 Different types of presentation and their requirements....................................................42.2 Use of resources to develop presentation.........................................................................42.3 Different methods of giving presentation.........................................................................52.4 Best practice in delivering presentation...........................................................................62.5 How to collect and use feedback on a presentation..........................................................6TASK 3............................................................................................................................................73.1 Characteristics of bespoke documents..............................................................................73.2 Factors to be taken while creating and presenting bespoke document.............................73.3 Legal requirements and procedure for gathering information for bespoke document.....73.4 Techniques to create bespoke business document............................................................73.5 Getting approval of bespoke.............................................................................................8TASK 4............................................................................................................................................84.1 Typical stages of information system development.........................................................84.2 Benefits and limitations of different information system development...........................94.3 Requirement of legal security and confidentiality for information system......................94.4 Monitoring the use and effectiveness of an information system....................................10CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12

INTRODUCTIONBusiness communication is information sharing between people within and outside anorganisation that is performed for the commercial benefit of the organisation. McKinsey isamong one of the most successful company in management consultation industry. This file willdiscuss about negotiation in a business environment. It will also explain various ways of ofdeveloping and delivering presentations (Leathers and Eaves, 2015). Understanding aboutcreation of bespoke business documents will also become part of this assignment. Stages,benefits and limitations of system development will get cover at the end of this project. TASK 11.1 Importance of negotiation in business environmentInbusiness,negotiationskills areimportantin both informal day-to-day interactions and formal transactions such asnegotiatingconditions of sale, lease, service delivery, and other legal contracts. Goodnegotiationscontribute significantly tobusinesssuccess, as they: help you build better relationships. Therefore the importance of same concept are as follows:A Negotiation Mind-set is Beneficial with Everyone from Clients to EmployeesCreates Win-Win SituationsGood Negotiating can improve your bottom lineEnsures that You Can Walk into a Negotiation ConfidentlyNegotiation Skills Build Respect1.2 Features and use of different approaches to negotiationThere are a number of approaches to negotiation which are of great use. Some of the mostcommonly used are as follows:Distributive negotiation - With this type of negotiation, you look at the property or goalof the negotiation as if it were a fixed amount of something. This is sometimes referred to as afixed pie negotiation. Each party in this negotiation wants to get as much as he can for his side.Compromising- This type of negotiation usually works when you have an ongoingrelationship with the counter party. Everyone gets something they want. This kind of negotiationhelps build lasting relationships and improve business for everyone (Cardon, 2015).

1.3 Components of negotiation tacticsThere are three main components to a negotiation:Negotiation Is a Process - Even if you just recognize that fact and use that process inevery negotiation you face, you will get better outcomes.Negotiating Behaviours - Some people don’t have any negotiating process that they use—They act a certain way and they expect you to react a certain way. And even within theprocess, negotiating behaviours add a layer of complexity to the negotiation.Playing the Game - It’s important to know how to play the game even within the contextof the negotiating process. Playing the game includes tactical negotiation.TASK 22.1 Different types of presentation and their requirementsThere are a number of variety through which presentation can be given. Each has their ownseparate use:Visual Style - This style is helpful when speaking to a large audience with broadinterests. It’s also great for when you need to throw together slides quickly.Freeform Style - Elevator pitches, networking events, and impromptu meetings are allscenarios in which to use a freeform style of speaking (Haddon, 2016).Instructor Style - If you’re not a comfortable presenter or are unfamiliar with your subjectmatter (i.e., your product was recently updated and you’re not familiar with the finerpoints), try instructor-style presenting.2.2 Use of resources to develop presentationThere are different resources which are used in order to develop presentation. Some ofthe most commonly used are raw data to reach at final outlines, medium to deliver data. 2.3 Different methods of giving presentationIt is important that Review of options before delivering information to any audience isdone to ensure maximum effectiveness in message. Different ways of delivering presentationare:Electronic - Because of its convenience and the fact that it seems to be everywhere, withpeople having 24/7 access, email has become a default delivery system for

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