WSQ

Business Negotiations

OVERVIEW

course details

Duration and Time

Training Time

9am-6pm

Course Duration

16 HRS

Course Information

Course Reference Number

TGS-2022015226

Funding Validity Period

19 Aug 2022 To
18 Aug 2024

Mode of Training

Classroom

COURSE SYNOPSIS

Course Synopsis

In today’s business world and to those who negotiate, relying on data to inform and power the decision we make, it’s crucial for us to strike the balance between data usage and the soft negotiation skills to ensure we get the result we want. The better negotiation skill would give us the confidence to interact better with our stakeholders where emotion, luck and magic have no place in a successful negotiation.

Course Objectives

By the end of this course, learners will be able to:

  • Identify negotiation outcomes as per our organisation’s desired position
  • Explain roles and responsibilities to all involved in the negotiation process
  • Prepare ourselves while keeping in mind the other parties’ position
  • Apply socio-culturally sensitive interpersonal skills and negotiation techniques
  • Document the minutes of the negotiation for evaluation

Target Audience

The audience is supervisory staff with leadership responsibilities, relevant for all sectors

Instructional Method

Interactive lectures, group discussion, role play, case study and activities

Course Content

1. Understanding business negotiation
  • What is Business Negotiation?
  • Why Business Negotiation is Important?
  • Areas of Negotiation and its objectives
2. My role in Negotiation
  • Individual roles and accountabilities to achieve organization’s objectives
  • Parties involved in the negotiation and what are each stakeholder’s objectives in the negotiation
  • Aware of the other parties’ objectives and position
3. Are we ready for Negotiation?
  • Prepare for negotiation
  • Formulate gameplan and tactics
  • Examine the negotiation process in light of own’s position
  • Rehearse strategies, styles and goals of negotiation
4. We could offer you….
  • Get your social-cultural norms right that may affect negotiation
  • Using technology and communication skills to hone our negotiation style
5.  Document Negotiations
  • Write reports, including comprehensive details of the negotiation, the parties involved, discussions with all parties and the management
  • Monitor and review agreed actions of the negotiation
  • Keep parties informed of the outcomes of the negotiation
Course Outline

Download the PDF below for a summary of the course outline.

COURSE FEES

Company Sponsored

Funding Type Full Fee GST Funding Amount Nett Fee Payable (incl. GST)
SME $450 $40.50 $315 $175.50
Non-SME $450 $40.50 $225 $265.50
Non-SME
(MCES)
$450 $40.50 $315 $175.50

Course Fee Funding:
SME: 70% of course fee
Non-SME: 50% of course fee
Non-SME(MCES): 70% of course fee

$4.50 per training hour capped at $100,000 per enterprise per calendar year

Self-Sponsored

Funding Type Full Fee GST Funding Amount Nett Fee Payable (incl. GST)
MCES $450 $40.50 $315 $175.50
Normal $450 $40.50 $225 $265.50

Course Fee Funding:
MCES: 70% of course fee
Normal: 50% of course fee

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