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Level 3 Diploma in Business Management

Negotiation skills and commercial balance

BM304 · Customer Service — Week 7 of 16

CourseBM304
Week7 of 16
SemesterII
TutorOnline in the course chat

This week’s topics

Negotiation skills and commercial balance

  1. Principles of effective negotiation
  2. Achieving win-win outcomes
  3. Balancing customer needs against profitability
  4. Managing organizational constraints
  5. Margaret Neale: Negotiation: Getting What You Want
  6. Distributive vs. Integrative Bargaining - Organizational Psychology Lecture 15.7
  7. Lec 47 - Types of Relationships in B2B Markets & Customer Profitability
  8. Managing conflict

What you will be able to do

  • 3.2 Explain how to negotiate effectively.
  • 4.2 Explain how to balance the needs of customers with those of a business.

Activity

Start with this week’s 4 videos, then: Seminar, guided reading and a short written task: explain how to negotiate effectively.

Study materials

Videos

  • Margaret Neale: Negotiation: Getting What You Want · YouTube · Stanford Graduate School of Business · 25 min · for registered students
  • Distributive vs. Integrative Bargaining - Organizational Psychology Lecture 15.7 · YouTube · Professor Q · 4 min · for registered students
  • Managing conflict · Oak National Academy, Key Stage 3 (lower secondary level) · for registered students

Further resources

  • Organizational Behavior, ch. 14.4: Negotiation behaviour · PDF · OpenStax, textbook chapter; pp. 406–422 · for registered students
  • Principles of Marketing, ch. 11.2: Service-profit chain and service triangle · PDF · OpenStax, textbook chapter; pp. 379–385 · for registered students
  • Increasing Integrative Negotiation in European Organizations Through Trust · Reading · Reading, article · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
Course chat

Admitted students ask questions on this week’s page in the student portal: an AI assistant trained on the course answers first, and during the course’s timetabled classes Connect to your tutor brings your tutor into the chat, who may start a call if needed.

Open this week in the portal
Course plan
  • Week 1: Customer service fundamentals and regulation
  • Week 2: Product and service quality standards
  • Week 3: Customer types and behavioural influences
  • Week 4: Monitoring and assessing service quality
  • Week 5: Exceeding expectations and driving satisfaction
  • Week 6: Relationship building and retention strategies
  • Week 7: Negotiation skills and commercial balance
  • Midterm: Midterm evaluation
  • Week 9: Interpersonal communication in customer service
  • Week 10: Handling complaints and service recovery
  • Week 11: Teamwork and collaborative service delivery
  • Week 12: Applying Customer Service in practice: case studies
  • Week 13: Assignment workshop: research, planning and referencing
  • Week 14: Assignment workshop: drafting, feedback and improvement
  • Week 15: Review and coursework completion
  • Final: Final assessment and submission
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