Negotiation and Stakeholders in Business

Pitching
and
Negotiation
Skills
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Contents
Contents.......................................................................................
TASK 1........................................................................................
P1 Determine what is a negotiation, why it occurs
and who the key stakeholders are during a
negotiation process......................................................................
P2 Evaluate the key steps and information required
for negotiating and generating deals...........................................
REFERENCES..........................................................................
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TASK 1
P1. Negotiation, its occurrence and
stakeholders
Negotiation in relation of business is effectual method
that generally allows an business firm to accomplish
settlements related to various producers by adoption of
strategies is relation of cooperation as well as
collaboration. In relation to small business, such as
Rowlinson Knitwear, skills related to negotiation
within particular person in an organisation is important
because business firm can experience several
advantages from same. Explanation of some are as
follows :-
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 By implementation of proper negotiation skills
an business firm will be able to make sure that
staff retention will be high. In addition to this,
negotiation will be related to salary as well as
other benefits which employees wants.
 With the assistance of negotiation it will in ef-
fective manner make sure better as well as
more prominent relation with customers of
company.
 Along with this, better or effective deals will
be fetched through customers or investors by
practising negotiation.
• Along with this, there are various effective
stakeholder in an organisation who are related with
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