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This process involves intensive discussions and often requires compromise from both parties. Closing and Agreement After reaching an agreement that is considered fair by both parties, the closing stage is carried out. At this stage, the agreement that has been reached is formulated in a clear and formal form, both in writing and verbally. Closing also includes signing a contract or agreement if necessary. Implementation and Evaluation The final stage of the negotiation process is the implementation of the agreement that has been reached. Both parties are responsible for fulfilling their commitments in accordance with the agreement.


In addition, evaluation is carried out to assess greece telegram database the effectiveness of the negotiations that have been carried out and learn from this experience for future negotiations. Read also: Understanding the Negotiation Process for a Better Agreement Conclusion Based on the explanation above, we can draw the conclusion that the definition of negotiation is a form of discussion activity involving two or more parties to obtain an agreement that is agreed to by each party involved in it. In its implementation , one party will explain his point of view, and the other party will accept the conditions offered or reject them by expressing his own point of view.


This process will continue until both negotiating parties can reach an agreement. That is a complete explanation of the meaning of negotiation, objectives, benefits, and the skills you must have to negotiate. Meanwhile, for those of you who are business people, carry out negotiations by looking at the benefits for the company. Ascertain the financial circumstances and conditions of your business before negotiating. Marketing Strategy, Definition, Functions, Examples and Elements in Marketing by Cinthya | Oct , Marketing Strategy, Definition, Functions, and Examples source envato. Marketing strategy is one of the things that must be considered in doing business and developing it.