Friday 22 January 2021

NEGOTIATIONS 3: FURTHERING NEGOTIATIONS BUSINESS VOCABULARY IN USE

 

BUSINESS VOCABULARY IN USE

64. NEGOTIATIONS 3: FURTHERING NEGOTIATIONS

 

A

Win-win

In a successful negotiation, everyone should leave the negotiating table happy with the outcome: there shouldn’t be winners and losers. The negotiators should try to reach a win-win solution: an agreement of equal benefit to both sides. This can be achieved in a number of ways.

B

Probing

One way of furthering negotiations is probing 9asking the right questions and listening carefully to the answers). Here are some probing questions:

a. what is the situation on production at your plant at the moment?

b. what sort of quantities are you looking for?

c. what are we looking at in the way of discount?


C

Proposal and counter-proposal

Through a series or proposals or offers from one side and counter-proposals or counter-offers from the other side, the two sides work towards an agreement which will benefit them both.

Here are some ways of making offers.


D

Trade-offs


When you offer to change your position to one that is less favourable to yourself, you make a concession. Perhaps this is in exchange for a concession from the other side, although there is no guarantee of this. Your concession may be a good will gesture: a concession that you make hoping that the other side will see this as friendly and make a concession in return.


EXERCISES

64.1

Match the replies (1-6)  to the probing questions (a-f) in B opposite.

1. Perhaps 100 units per year over five years.

2. We can offer ten per cent if the quantities are right.


64.2

The Xania-Zebra negotiations continue. Use expressions from C opposite to complete Jose’s phrases below, using the correct form of the words in brackets. The first one has been done for you.

1. If you offer more flexible payment conditions, might/ consider pay/ higher price.

If you offer more flexible payment conditions, then we might consider paying a higher price.

2. A long as engine performance improves by ten per cent, may/ offer/ price/ $550,000 per unit.


64.3

Use expressions from D opposite to complete these extracts.

1. The government’s approach of ‘If you do this, then we’ll do that’ seems to owe more to political _____________ than good policy-making.

2. When London was chosen as the site of the European Bank for Reconstruction and Development, France insisted that a Frenchman get the top job. When Frankfurt was chosen for the European Central Bank, the French again wanted a similar _____________.


 


ANSWER KEY


 

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