This is the second in a two-part lesson on motivating your team.
There are many strategies you can use to motivate people. One way is to reward them. This reward can be emotional, such as acknowledgement or praise for a job well done. Or, it can be more concrete, like a cash bonus or a prize.
In this lesson, we’ll look at motivation through rewards. We’ll discuss how to acknowledge your teamâ€™s efforts and give praise. We’ll also look at how to introduce challenges, friendly competition, and incentives. Finally, we’ll talk about some ways to finish up a meeting so that your team feels energized for the work ahead.
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In the concluding episode of our Business English Podcast series on negotiating in English, weâ€™re going to look at closing the deal.
Success! The hard work of negotiation has paid off. You’ve reached agreement. Now it’s time to close the deal. In this episode, we’ll study skills and language for the final stage of the discussion. In particular, we’ll focus on summarizing details, tying up loose ends, reinforcing the relationship and adopting a positive style. We’ll see that the end of talks presents a great opportunity to build stronger partnerships.
In this show, we will look at two short dialogs that demonstrate different styles of negotiation. In the first, a construction materials supplier, Tony, calls his customer, Paul, to agree to the terms of a deal. In the second, a general manager, Maxine, calls the owner of another company, Peter, to tell him that her board of directors has agreed to buy his company.
1. In the first dialog, what does the supplier, Tony, want to confirm with his customer, Paul?
2. What kind of positive language do Tony and Paul use at the end of the dialog to reinforce the relationship?
3. In the second dialog, does Maxine say that the board has agreed to Peterâ€™s suggested price?
4. From the conversation, does it sound as though Peter will continue to work at his company through the merger?
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In today’s podcast on negotiation skills, we will discuss how to overcome blockage in a negotiation. In particular, we’ll focus on identifying stumbling blocks, exploring alternatives, and moving towards agreement.
Usually we think of blockage in terms of stumbling blocks, or obstacles, to agreement. But blockage can also be any impediment to creating maximum value. In other words, weâ€™re not only interested in removing obstacles to a deal but also in removing obstacles to a better deal. Doing this successfully often requires thinking outside the box, that is, thinking creatively.
1) How does Peter suggest restarting talks with Maxine?
He says he has been â€œthinking aboutâ€ their companies, and if she is still open to the idea he “was wondering” if they could “get together to talk briefly about some other possibilities.” Overall, the tone of Peterâ€™s suggestion is positive and the content is not too specific. At this point, he is just trying to get Maxine interested.
2) What does Peter identifying as the main stumbling block to a deal?
Peter identifies price as the main stumbling block to a deal.
3) What does Peter mean when he says, “It’s not a question of growth for us, it’s a question of survival.”
Peter describes how the overall market tendency is towards increasing consolidation of companies. He is saying that small companies like his and Maxine’s must merge to have a chance to survive in the new market.
4) What is Peter’s key insight that enables Maxine and him to overcome their blockage?
Peter’s key insight is that if Maxine values her own company so highly, she will probably value his company highly as well. Since his ultimate goal is to sell out his business for a handsome profit, he may be able to achieve that goal now by selling his company to Maxine. In other words, he thinks outside the box to reverse the roles of buyer and seller in the negotiation.
In this Business English Podcast episode, we’ll study the skills and language of bargaining. This podcast is part of an ongoing series on negotiation skills.
Bargaining is the process of swapping or trading concessions – in other words, “You give me something, and Iâ€™ll give you something in return.” This is also called making offers and counter-offers. The goal is to reach a compromise – a result in which both sides benefit.
Following on from our two video podcasts on basic vocabulary for project management (VV 07 & VV 08), today we’re going to listen in to a briefing by Kerri, the manager of a direct marketing company, and Martina, a member of her staff. We’ll be focusing on collocations useful for describing a project and its execution.