Period 1 3.1 Meeting techniques and negotiations

Meeting Techniques and negotiations

Business English Lesson: Meeting Techniques and Negotiations

Vocabulary Terms and Definitions

  1. Agenda

    • Definition: A list of topics to be discussed during a meeting.
  2. Minutes

    • Definition: Written notes that capture what was discussed and decided in a meeting.
  3. Consensus

    • Definition: General agreement among the members of a group.
  4. Compromise

    • Definition: An agreement where each party gives up something they want to reach a solution.
  5. Proposal

    • Definition: A formal suggestion or plan put forward for consideration.
  6. Counteroffer

    • Definition: A return offer made by one who has rejected an initial offer.
  7. Facilitator

    • Definition: A person who helps guide a meeting and ensures that objectives are met.
  8. Quorum

    • Definition: The minimum number of members needed to be present for the meeting to be valid.
  9. Unanimous

    • Definition: Fully in agreement; when all participants agree on a decision.
  10. Action Items

    • Definition: Specific tasks or actions assigned to individuals to be completed after the meeting.
  1. Delegate

    • Definition: To assign responsibility or tasks to others.
  2. Consensus Building

    • Definition: The process of working towards achieving general agreement within a group.
  3. Brainstorming

    • Definition: A group activity where members share ideas and solutions without criticism.
  4. Mediation

    • Definition: Intervention in a dispute to resolve it.
  5. Arbitration

    • Definition: Settling a dispute by agreeing to accept the decision of an impartial outsider.
  6. Stakeholder

    • Definition: A person or group with an interest or concern in a business decision.
  7. Conflict Resolution

    • Definition: The process of resolving a dispute or disagreement.
  8. Negotiation Tactics

    • Definition: Strategies used to gain advantage in negotiations.
  9. Opening Statement

    • Definition: Initial remarks that set the tone and agenda for a meeting or negotiation.
  10. 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

  1. Preparation:

    • Create a detailed agenda and share it in advance.
    • Define clear objectives for the meeting.
    • Ensure all necessary materials are prepared.
  2. Time Management:

    • Start and end the meeting on time.
    • Allocate specific time slots for each agenda item.
  3. Participation:

    • Encourage all participants to contribute.
    • Use open-ended questions to stimulate discussion.
  4. Facilitation:

    • Guide the discussion to stay on track.
    • Summarize key points and decisions.
  5. Decision-Making:

    • Use consensus-building techniques.
    • Clearly define action items and responsibilities.

Negotiation Strategies

  1. Preparation:

    • Research the other party’s needs and interests.
    • Define your goals and acceptable concessions.
  2. Building Rapport:

    • Establish a positive relationship with the other party.
    • Find common ground to build trust.
  3. BATNA (Best Alternative to a Negotiated Agreement):

    • Know your alternatives if the negotiation fails.
    • Use your BATNA to strengthen your position.
  4. Win-Win Solutions:

    • Aim for mutually beneficial outcomes.
    • Be creative in finding solutions that satisfy both parties.
  5. 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?