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Menampilkan postingan dari April, 2017

Type of Negotiation and How to Prepare Negotiation

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Type of Negotiation             There are 7 types of negotiations. It's important to consider which type you're facing each demands a different strategy. 1. Win-Lose Negotiations             In game theory they call a win-lose negotiation a zero-sum game. The vast majority of games are zero-sum. A common analogy for a zero-sum game is dividing a pie. The pie doesn't get smaller or bigger — the players play a game to decide who gets the bigger slice. If you're facing a win-lose negotiation focus your strategy on determining the other party's minimum requirements (e.g. bottom price). 2. Win-Win Negotiations            Win-win negotiations involve expanding the pie. For example, if two people decide to go into business together: their partnership negotiations are win-win. One partner may win and the other may lose. However, a win-win outcome is possible because they hope to make ...

Summarzing and Looking Ahead of Business Meeting

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Summarzing and Looking Ahead of Business Meeting          A successful meeting starts well before everyone is gathered in a conference room. The person running the meeting needs to make arrangements, gather materials, send out invitations and coordinate the activities. Participants need to be prepared to handle any required tasks, provide feedback, make presentations or brainstorm ideas. Doing the groundwork ahead of time will keep the meeting running smoothly and help you success with your objective. How to Prepare for a Business Meeting ? 1. Determine if you are running the meeting or expected to participate in any fashion. If you are in charge of arrangements, be ready to coordinate scheduling, materials and the pacing of the meeting. 2. Set a goal for the meeting. Decide if you are trying to make a sale, bring an investor on board, train employees about company policies or brainstorm new product ideas. 3. Set an agenda for the meeting...