Student Reviews
( 5 Of 5 )
1 review
Video of Negotiation Acronyms: How Many do You Know? in Negotiation Skills course by Management Courses - Mike Clayton channel, video No. 23 free certified online
Like so many things in the professional and managerial world, negotiation is full of buzz-words, jargon, and acronyms. In this video, I decode as many acronyms for you as I can think of!
Watching this video is worth 2 Management Courses CPD Points.
(See below for more details)
This video is part of course module number 5.2.2
Program 5: Managerial Skillset
Course 2: Negotiation
Section 2: Key Concepts in Negotiation
Other videos about Key Concepts in Negotiation include:
. Core Principles of Negotiation https://youtu.be/FiEneNag8cI
. Five Basic Negotiating Strategies https://youtu.be/DlV6phTGjoU
. Scope for Agreement https://youtu.be/cb1Bf09p2eg
. Four Primary Negotiating Behaviors https://youtu.be/eLmF8Kr2ppA
. Non-verbal Aspects of Negotiation https://youtu.be/4X2b_X_CGKE
. Power at the Negotiating Table https://youtu.be/ucJkENLhIPI
. Negotiation Goes Bad: 6 Types of Bad Behavior https://youtu.be/Akp4alv1cpc
. Leverage: Key Concepts in Negotiation https://youtu.be/ohoAyX_o-nU
Module 5.2.1 covers the Fundamental Model of Negotiation. Start with the introductory video:
. Fundamental Model of Negotiation - https://youtu.be/PKz4pDm1e90
LESSON NOTES
Pre-Negotiation
RFI: Request for information
RFQ: Request for Quotation
RFP: Request for Proposal
ITT: Invitation to Tender
Negotiating Position
MDO: Most Desired Outcome
ZOPA: Zone of Possible Agreement
BPA: Best Possible Agreement
LAA: Least Acceptable Agreement
BATNA: Best Alternative to a Negotiated Agreement
During Negotiation
SWOT Analysis: Strengths, Weaknesses, Opportunities, and Threats
MOSCOW Analysis: Musts, Shoulds, Coulds, Won’ts
CDM: Consensus Decision Making
Ending the Negotiation
MEEP: Multiple Economically Equivalent Proposals
MEEO: Multiple Economically Equivalent Offers
BAFO: Best and Final Offer
After the Negotiation
ROU: Record of Understanding
Relationships
JV: Joint Venture
Get the Free Negotiation Acronyms Cheat-sheet - https://gum.co/JvFY
RECOMMENDED EXERCISE
1. Memorize all these acronyms.
(just kidding!)
DOWNLOADS
Free Resources
- Free Negotiation Acronyms Cheat-sheet - https://gum.co/JvFY
- CPD Tools - https://gum.co/MC-CPD
Paid resources
- Management Courses Onboarding Kit - https://gum.co/MC-ObK ($3)
RECOMMENDED READING
Negotiate Wisely in Business and Technology (A basic introduction) https://geni.us/a2n1T6Y
Everything is Negotiable) (A basic introduction) https://geni.us/Ozwwr
Getting to Yes (the classic text) https://geni.us/U3CjduK
Getting Past No (the follow-up to Getting to Yes) https://geni.us/VQAd7
Bargaining for Advantage (another classic) https://geni.us/anBn
Negotiation Genius (Modern look at the negotiation mindset) https://geni.us/cBKKn3x
Never Split the Difference (red hot tips from ex-hostage negotiator) https://geni.us/YBSogJ
Management Courses Continuing Professional Development (CPD) Points
You can record your Management Courses CPD points on our free, downloadable CPD record log.
Download it here: https://gum.co/MC-CPD
Each video has two levels of MC CPD points. For this video:
- If you simply watched the video, record 2 MC CPD points
___
Note:
Links to our book recommendations are affiliated through Amazon
#Negotiation #Acronyms #ManagementTraining