1 - Communication and Negotiation Flashcards

1
Q

What are the two types of negotiation?

A

Principled and competitive

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2
Q

What three things are needed for communication?

A
  • Communicator
  • Method
  • Recipient
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3
Q

What are some typical barriers to communication?

A
  • Time
  • Technology
  • Language
  • Jargon
  • Bias or prejudice
  • Opinion
  • Context
  • Ambiguity
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4
Q

What are the four principles of principled negotiation?

A
  • People - Separate people
  • Interests - Focus on interests
  • Options - Look at lots of options
  • Criteria - Make it objective
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5
Q

What is principled negotiation?

A

Negotiation as a joint problem solving process.

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6
Q

What is competitive negotiation?

A

Negotiation where there is a winner / loser.++

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7
Q

What is communication?

A

The imparting or exchanging of information.

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8
Q

What is negotiation?

A

Discussions to reach a compromise or agreement.

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9
Q

If you chair a meeting how do you make it effective?

A

Set out an agenda
Have documents ready
Punctual
Take minutes
Allow everyone chance to speak.

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10
Q

What indicates success of a negotiation?

A
  • Good preparation of client concessions and non-negotiables
  • Record of instructions / costed breakdowns
  • Both parties are happy.
  • Formalise immediately afterwards
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11
Q

What is your negotiating style?

A

It depends on the situation. If there is a strong case for the client then I will get the best possible deal.
Alternatively I will look to collaborate to get a solution.

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12
Q

Give an example of when you successfully negotiated.

A

I managed to get a better price for an Asbestos R&D survey without compromising on scope.
I outlined what the clients budgets and expectations were and we came collaborated to reach an agreement.

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13
Q

What is ‘without prejudice’?

A

Statements made in a genuine attempt to resolve a dispute cannot be used as evidence.

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14
Q

What is an example of good feedback you’ve received.

A

Securing repeat business from the client at Strawberry Fields. Appointed to Dorking.

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15
Q

How would you prepare for a negotiation?

A
  • Dependant on Principled or Competitive
  • Understand what the client wants
  • Know what a good / bad outcome would be
  • Compromise if need be
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16
Q

What are your thoughts on email communication?

A
  • Take great care when sending emails
  • Easy to release sensitive info to incorrect parties
  • Double check recipients
  • Have the ability to create contracts / instructions
17
Q

What would you do following a negotiation meeting where a verbal agreement was made?

A
  • Formalise the agreement asap
  • Written correspondence setting out what was discussed
  • Request parties confirm
18
Q

What are the benefits of cloud based storage systems?

A
  • Information backed up
  • Convenience
  • Environmentally friendly
  • Multiple users
19
Q

What is the meaning of a non-disclosure agreement?

A
  • Used to protect against the disclosure or sharing of any confidential data
  • Clients will request signing of NDA
  • Used for confidential, sensitive or innovative information to protect against it being used by competitors.
20
Q

If two separate departments within your firm are working for two rival companies how would you ensure sensitive data was managed?

A
  • Make client aware
  • NDA’s
  • Conflict of interest
  • Letter of instruction to continue
  • Physical separation
21
Q

What things must companies put into place to ensure GDPR compliance?

A
  • Raise awareness
  • Audit all personal data
  • Update privacy notice
  • Review how you seek, obtain and record consent
22
Q

What is a benchmark?

A

Agreed on site a worst case scenario to which you can compare.