Period 1 3.1 Meeting techniques and negotiations
Meeting Techniques and negotiations
Business English Lesson: Meeting Techniques and Negotiations
Vocabulary Terms and Definitions
Agenda
- Definition: A list of topics to be discussed during a meeting.
Minutes
- Definition: Written notes that capture what was discussed and decided in a meeting.
Consensus
- Definition: General agreement among the members of a group.
Compromise
- Definition: An agreement where each party gives up something they want to reach a solution.
Proposal
- Definition: A formal suggestion or plan put forward for consideration.
Counteroffer
- Definition: A return offer made by one who has rejected an initial offer.
Facilitator
- Definition: A person who helps guide a meeting and ensures that objectives are met.
Quorum
- Definition: The minimum number of members needed to be present for the meeting to be valid.
Unanimous
- Definition: Fully in agreement; when all participants agree on a decision.
Action Items
- Definition: Specific tasks or actions assigned to individuals to be completed after the meeting.
Delegate
- Definition: To assign responsibility or tasks to others.
Consensus Building
- Definition: The process of working towards achieving general agreement within a group.
Brainstorming
- Definition: A group activity where members share ideas and solutions without criticism.
Mediation
- Definition: Intervention in a dispute to resolve it.
Arbitration
- Definition: Settling a dispute by agreeing to accept the decision of an impartial outsider.
Stakeholder
- Definition: A person or group with an interest or concern in a business decision.
Conflict Resolution
- Definition: The process of resolving a dispute or disagreement.
Negotiation Tactics
- Definition: Strategies used to gain advantage in negotiations.
Opening Statement
- Definition: Initial remarks that set the tone and agenda for a meeting or negotiation.
Concession
- Definition: Something granted in response to demands.
Useful Expressions and Phrases
Starting a Meeting:
- “Let’s begin with the agenda.”
- “Shall we get started?”
Introducing Topics:
- “The first item on the agenda is…”
- “Let’s move on to the next point.”
Making Suggestions:
- “I propose that we…”
- “What if we…?”
Expressing Opinions:
- “In my opinion…”
- “I believe that…”
Agreeing and Disagreeing:
- “I agree with you because…”
- “I see your point, but…”
- “I have to disagree with you on this.”
Building Consensus:
- “Can we all agree on this?”
- “Does everyone feel the same way?”
Negotiation Techniques:
- “We can offer you…”
- “In return, we would expect…”
- “How about a compromise?”
Responding to Offers:
- “That sounds acceptable.”
- “We would need to discuss this further.”
- “I don’t think we can agree to that.”
Summarizing:
- “To summarize our main points…”
- “Let’s recap what we’ve agreed on.”
Closing a Meeting:
- “Is there any other business?”
- “Thank you all for your participation.”
Follow-up:
- “We’ll send out the minutes of this meeting by tomorrow.”
- “Please follow up on the action items discussed.”
Theoretical Concepts
Effective Meeting Techniques
Preparation:
- Create a detailed agenda and share it in advance.
- Define clear objectives for the meeting.
- Ensure all necessary materials are prepared.
Time Management:
- Start and end the meeting on time.
- Allocate specific time slots for each agenda item.
Participation:
- Encourage all participants to contribute.
- Use open-ended questions to stimulate discussion.
Facilitation:
- Guide the discussion to stay on track.
- Summarize key points and decisions.
Decision-Making:
- Use consensus-building techniques.
- Clearly define action items and responsibilities.
Negotiation Strategies
Preparation:
- Research the other party’s needs and interests.
- Define your goals and acceptable concessions.
Building Rapport:
- Establish a positive relationship with the other party.
- Find common ground to build trust.
BATNA (Best Alternative to a Negotiated Agreement):
- Know your alternatives if the negotiation fails.
- Use your BATNA to strengthen your position.
Win-Win Solutions:
- Aim for mutually beneficial outcomes.
- Be creative in finding solutions that satisfy both parties.
Effective Communication:
- Listen actively and empathetically.
- Use clear and assertive language.
Activity: Listen to the following video from the popular sitcom “The Office (US)” and answer the following questions:
https://www.youtube.com/watch?v=r-GFmH0EK9Y
- Is the first aproach taken by the seller a good aproach in a negotiation? Would you have done anything different.
- What are the reasonings behind rejecting the $60.000 offer?
- Would you consider the overall negotiation a good negotioation? Why?
