Business Negotiation English

02.Opening the negotiation

  • Making small talk
  • Stating your objective
  • Making your opening offer

1. Making small talk

Jen: Greg, it’s great to finally meet you in person.

Greg: Jen, it’s a pleasure to meet you, too. Is this your first visit to Vancouver?

Jen: Yes, it’s really quiet and clean here. You have a nice office.

Greg: Thank you. We renovated it last year. Can I take your coat?

Jen: Great, thanks.

Matching

  1. Can I get you something to drink?
  2. I really like your tie.
  3. Please make yourself comfortable.
  4. Is this your first time to our office?
  5. What are your plans while you’re in town?
  6. Is that a new suit?
  1. Making small talk
  2. Being hospitable
  3. Complimenting

Come up with your own examples.

  1. Compliment someone on one of their company’s products.
  2. Compliment someone on their office.
  3. Offer them a seat.
  4. Offer them something to drink.
  5. Ask about their weekend.
  6. Ask about their business.

2. Stating your objective

After establishing a relationship with your counterpart, you can start talking business by stating the objectives and suggesting a procedure.

Track 2

Track 3 Track 4 Write down the objective and process.

NameExpressions for stating your objectiveExpressions for suggesting a process
1.Jeff
2.Cindy
3.Fred

3. Making your opening offer

Place the expressions under the appropriate heading.

  1. We were thinking $5.5 million.
  2. $5.5 million is the best we can do.
  3. Our offer is $5.5 million.
  4. How does $5.5 million sound?
  5. We feel that $5.5 million is a fair offer.
  6. The most we expect to pay is $5.5 million.
Take it or leave itTesting the waters

Place the responses in the appropriate place on the line below.

  1. $5.5 million? That’s a little less than what we were expecting to get.
  2. That’s way below our bottom line.
  3. Well, it’s a good starting point.
  4. That’s a very reasonable offer.
  5. That’s out of the question.
ImpossibleJust right

Make an opening offer for something that your partner has. For example:

A: I was thinking of $100 for your watch.

B: $100? That’s a little less than what I was expecting to get.

A: $120 is the best I can do.

B: Well, it’s a good starting point.

4. Putting it all together

Role A: colleague

Meetings are too long in your department. No one takes leadership in these meetings, so you feel it’s a waste of time. You are very busy and want to shorten them to one hour. Negotiate with your colleague.

Role B: colleague

Meetings are too short in your department. You always run out of time. You want to extend them to three hours. This will give everyone a fair chance to speak. Negotiate with your colleague.

Tip!

Before starting a negotiation, it’s important to create a comfortable atmosphere. Good negotiators will put the other side at ease.

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