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35 What types of negotiations do you know?

Types of negotiations

  • Customer-supplier negotiations

  • Wage negotiations

  • Merger or takeover negotiations

  • Trade negotiations

Negotiations also take place to settle disputes – decide arguments- contract disputes, labour disputes, trade disputes.

  • Intense/intensive negotiations- are very difficult and tiring, with a lot being discussed.

  • Delicate/tense negotiations – are not very difficult and could easily fail.

  • Eleventh-hour/last minute- take place very late in relation to the time that an agreement is necessary.

  • Protracted- take a very long time.

Principled negotiation. The method of principled negotiation is based on four propositions:

  • Separate the people from the problem.

  • Focus on interests, not positions.

  • Invent options for mutual gain.

  • Insist on using objective criteria.

36 What key techniques during the negotiation are used? What should you keep in mind about trading concessions?

In the negotiation itself, there is a psychological element to the trading of concessions.

1 Maximize your concessions:

  • stress the costs to you (Well, I could do that, but it would involve ...)

  • refer to a major problem your concession will solve (Well, if I agreed to that it would remove the need for you to ...)

  • imply that the concession is exceptional (/ rea//y don't know what my boss would say.).

2 Minimize their concessions:

  • acknowledge a concession briefly without putting any value on it (Right, let's do it that way.)

  • devalue their concession (Right, that's a small step forward I guess.)

  • amortize their concession into smaller units (Well, at least that saves me X per month.) rather than quoting the total figure.

Other key techniques during the negotiation include:

  1. Summarize frequently.

  2. Take notes.

  1. Use silence. It gives you time to think and - you never know - the other person might fill it with a concession.

  2. Where agreement is easy, use this to promote good feeling (That's a good suggestion I Yes, let's do it that way.).

37 Is e-tailing becoming popular today? Why? What can e-tailers do to make visitors actually buy products?

Today, most websites are easy to use and provide reliable and cost-effective shipping. But despite e-tailers’ best efforts,less then 5% of people visiting a website ever turn into paying customers.Each e-tailer wants to increase sales.

For example, Overstock.com believes in customer service.It now has 60 highly trained customer-service reps.When a customer engages in a live chat with a sales rep, the average purchase doubles in value.

Other small, private companies offer animated characters who act as sales reps on e-tail sites, drawing from a databank of voice answers to commonly asked questions.(conversational agents)

Other sites are closely watching how people navigate a site and testing out what pages or promotions work best with different customer groups.(smb considers it as a violation of their privacy)

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