This paper circulates around the core theme of Make formal business agreements. 3.1.Confirm agreements in writing according to organisational requirements, using formal contracts where appropriate. together with its essential aspects. It has been reviewed and purchased by the majority of students thus, this paper is rated 4.8 out of 5 points by the students. In addition to this, the price of this paper commences from £ 99. To get this paper written from the scratch, order this assignment now. 100% confidential, 100% plagiarism-free.
Elements and Performance Criteria
Elements describe the essential outcomes.
Performance criteria describe the performance needed to demonstrate achievement of the element.
1. Build business relationships.
1.1.Establish relationships in line with organisational requirements and protocols.
1.2.Use effective communication skills and techniques to build business relationships.
1.3.Proactively identify and take up opportunities to maintain regular contact with customers and suppliers.
2. Conduct negotiations.
2.1.Use negotiation techniques in line with professional and organisational protocols to maximise benefits of relationship for all parties.
2.2.Incorporate feedback and input from colleagues into negotiation where appropriate.
2.3.Communicate results of negotiations to appropriate colleagues and stakeholders within appropriate timeframes.
3. Make formal business agreements.
3.1.Confirm agreements in writing according to organisational requirements, using formal contracts where appropriate.
3.2.Obtain approvals for all aspects of formal agreements according to organisational procedures.
3.3.Evaluate and act on the need for specialist advice as required.
4. Foster and maintain business relationships.
4.1.Proactively seek, review, and act upon information needed to maintain sound business relationships.
4.2.Honour agreements within scope of individual responsibility, complying with agreed terms.
4.3.Take account of agreed performance indicators.
4.4.Make adjustments to agreements in consultation with customer or supplier and share information with appropriate colleagues.
4.5.Nurture relationships through regular contact and use of effective interpersonal and communication styles.