Unit 44: Pitching and Negotiation Skills Assignment Sample-BTEC-HND-Level 4
Course: Pearson BTEC Levels 4 and 5 Higher Nationals in Business
This unit teaches students about pitching and negotiation so that they can win contracts. It tells about how to negotiate with people in different business deals. You will learn how to negotiate and pitch for new products or services. This is an important skill for running your own business or being a part of an innovative workforce.
Assignment solution on Pitching And Negotiation Skills In the UK
Pitching and negotiating skills are essential for success in the real estate industry. The best way to master these skills is by learning from the best. In this article, we’ll discuss how you can learn from some of the most successful realtors in your area and what they do differently that sets them apart. We’ll also give you a list of resources that will help you learn about negotiation skills.
By the end of this unit a student will be able to:
Evaluate the context of negotiation and identify the information required to prepare for a negotiation
The context of negotiation is always different, for example, the parties will vary drastically.
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The information needed depends on the negotiating situation.
Negotiation starts with understanding what you want and make sure that both parties can achieve this. To start, find out if the other person wants to go in the same direction as you do and whether or not they are able to get something beneficial for both of you.
Both people need to have something they think will increase their utility (something they desire) – otherwise, there is nothing worth bargaining over if one person values something less than another person does, there won’t be any tradeoffs and no point in even entering into a negotiation.
Documenting tenders and contracts is one of the most important aspects of your business life. Tenders may vary by type, specifics, and deadlines, but a good rule of thumb is to form clear intentions for the next step as soon as you receive order or contract information.
This way you are making sure that you will not forget anything before it can be documented. Also, all papers should be stored in a safe place because they need to be signed. Then, if someone contests the sale of your home, there is proof of what happened and who did it. One recommended solution?
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Virtual Private Networks (VPN) are a way to protect your information. VPNs use encryption. You should use a VPN for your passwords or credit card numbers because it can stop people from stealing them. This way, you can be sure your files will stay secure in transit, only to be accessed by authorized parties.
The market is saturated and everyone is struggling to make a profit. Competition for customers has never been fiercer, demanding that companies have one of two things in place: a competitive edge or go break even.
What kind of company am I talking about? Small businesses, startups, and online retailers with physical locations can use the following three strategies to have a sustainable competitive advantage.
The 90% rule – offer customer service at least nine out of ten times (90%). If you fail to do so then customers might not come back. No one wants to be let down again and it’s common for people to get frustrated with your product/service.
The outcome of a pitch and negotiation is often determined by the skills of the person pitching. When an individual pitches for a job, they are either pitching their qualifications or their experience. It’s important to assess what type of pitch you’re making before going in to negotiate.
Pitching your qualifications typically involves highlighting transferable skills that can be applied to the position being offered. Pitching your experience typically entails explaining how you have acquired relevant knowledge and skills for the position.
It’s important to choose wisely when pitching so that you don’t waste time with a bad fit, but rather find someone who has similar values as yours.
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