Professional Documents
Culture Documents
Build and Maintain Business Relationships
Build and Maintain Business Relationships
WHAT IS NETWORKING?
Networking is the practice of actively using connections or contacts to
keep informed about what is happening inside or outside your
organisation.
ACTIVITY: WATCH
Watch the following video on how to approach business networking.
Video: https://www.youtube.com/watch?v=eTpFwchbIA0 (02:22)
Note down your key takeaways.
NETWORKING OPPORTUNITIES
• Developing a networking strategy can help to identify what you want to
achieve from networking.
• This can include listing goals and objectives so that you can target the
right networks and networking opportunities.
COMMUNICATION CHANNELS
Using the most appropriate and relevant communication channels for
exchanging information with business contacts will be extremely
important for effective communication.
COMMUNICATION TECHNIQUES
Active listening
Understanding non-verbal signals
Maintaining eye contact
Assertiveness
Being mindful of people's individual space
Using positive body language
Dealing with different points of view.
ACTIVITY: BRAINSTORM
Brainstorm examples of open and closed questions that might be used to start a
conversation with a new business contact over the phone.
Your trainer/assessor will facilitate a discussion.
ACTIVITY: READ
Read the article Verbal vs Non-verbal communication:
https://keydifferences.com/difference-between-verbal-and-non-verbal-communication.h
tml
Take any notes to summarise what you have read and keep for future reference.
ACTIVITY: READ
Read the article explaining different communication styles:
Article:
https://www.leadershipiq.com/blogs/leadershipiq/39841409-quiz-whats-your-communic
ation-style
ACTIVITY: READ
Explore the Business Queensland website that explains how to manage business
relationships through effective communication:
https://www.business.qld.gov.au/running-business/marketing-sales/managing-relations
hips/communicating-effectively
Remember to select the “next” button at the bottom of the page to access all relevant
information.
ACTIVITY: WATCH
How to build rapport and trust.
Video: https://www.youtube.com/watch?v=-9uHBEGpJm4&t=45s (02:07)
Five steps for building trust in the workplace.
Video: https://www.youtube.com/watch?v=r540VOIVufc (06:27)
Watch the video for more practical ways to communicate effectively.
Video: https://www.youtube.com/watch?v=Gaj3Xl9vasc (35:14)
BARRIERS
• Understanding the barriers that can occur with business relationships
can help you to maintain a healthy rapport.
• There are a number of common barriers that can relate to business
development goals as well as the people building and maintaining the
relationship.
ADDRESSING PROBLEMS
It is really important to address any barriers and the impacts that they
may cause so that you can negotiate solutions.
ACTIVITY: READ
Read the following article on a range of problem-solving tools and approaches:
See the following website for a range of techniques:
https://www.mindtools.com/pages/main/newMN_TMC.htm
Take any notes to summarise what you have read.
ACTIVITY: READ
Read more about negotiation:
https://www.skillsyouneed.com/ips/negotiation.html
Research the following methods:
• Lose-lose
• Win-lose
• ½ win – ½ lose
• Win-Win
ACTIVITY: WATCH
Watch the following video on negotiation.
Video: https://www.youtube.com/watch?v=1FeM6kp9Q80 (04:45)
Take down your key takeaways.
SEEKING ADVICE
• You may find that you will need to seek specialist advice when
developing contacts.
• Building and maintaining business relationships involves a lot of
communication and information.
ACTIVITY: DEVELOP
1. Set up your own online network presence.
2. Create a profile.
3. Start interacting/networking with contacts or join groups/networks available on the
site.
4. Ensure you find as many professional associations or groups within LinkedIn.
5. Once the site is set up and you have created some networking or social interaction,
write a brief report of your experience.
Once you have formed a business relationship, you will need to spend
time building and improving on them. As mentioned in Topic 1, it takes
time, effort and communication!
ACTIVITY: READ
Creating an effective network strategy:
https://www.marketingdonut.co.uk/sales/sales-lead-generation/create-an-effective-netw
orking-strategy
PARTICIPATING IN NETWORKING
A key to building and improving your networks is to actually participate in
both formal and informal networking so that you can promote the
organisation.
COMMUNICATING ISSUES
• If you come across any issues regarding your business relationships,
you should communicate these in a timely manner to the relevant
personnel in your organisation.
• You may find that dealing with issues early will lessen any escalation or
further issues down the track.
FEEDBACK
The last phase in building and maintaining business relationships is to
seek and respond to feedback from management on the quality of the
relationships formed.
ACTIVITY: RESEARCH
Reflect: How effectively do I network?
Write your reflection down.
Undertake the tasks that follow.