STEEL AND INDUSTRIAL FORGINGS LIMITED (SIFL) An Organizational Study Training Report submitted in partial fulfillment of requirements for the degree of PGDM Submitted by ...
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Negotiation is a concept which is of ultimate importance in a business scenario. Businesses will always have various differences in terms of strategies, policies and policies to be adopted to accomplish a task. As a business is generally concerned with numerous stake holders, an entrepreneur has to satisfy the needs of each and every one involved. In such circumstances, the role of negotiation will come in to the picture. People always want to obtain the best outcome whenever a disagreement happen. But, proper care is to be taken such that both the parties/ people involved will not face any kind of bias while deriving a solution for the issue. The following steps can be taken while negotiating a deal. 1. Preparation:- Here,we can plan about how the meeting can be scheduled, finding out the factors that can be supportive to each parties while moving on, identifying various constraints involved and so on. 2. Discussion:- Here, individual views are been presented. Both parties shoul...
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