June 2013 - Oshwal Centre
June 2013 - Oshwal Centre
June 2013 - Oshwal Centre
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London <strong>Oshwal</strong><br />
Youth<br />
Invest in Africa Evening<br />
CENTRAL LONDON – THURSDAY 28 MARCH<br />
<strong>2013</strong> – The London <strong>Oshwal</strong> Youth team is an idea<br />
inspired from last year's Enterprise Programme,<br />
where UK university students went to Kenya to see<br />
a host of different businesses and industries.<br />
Thereafter there were suggestions of hosting regular<br />
events for the youth by the youth in Central London<br />
locations. With this in mind, the first event was held<br />
back in November 2012, called ‘An Enterprise<br />
Evening’. Following on from the success of this<br />
event, the 2012 Enterprise Programme students<br />
helped organised a second event on Thursday 28<br />
March <strong>2013</strong>, at Grand Connaught Room, Great<br />
Queen’s Street, WC2B 5DA. This time the theme<br />
was “Invest in Africa.”<br />
Importance of negotiation skills<br />
After a short welcome and introductions, Bhavik<br />
Jayendrakumar Shah, Co-founder and Director at<br />
Niveda Group gave a short talk on the importance of<br />
negotiation skills. Bhavik drew upon his own work<br />
experiences to outline some key tips about<br />
negotiations.<br />
CV Tip<br />
A key CV tip Bhavik<br />
outlined was that<br />
"Negotiation skills<br />
are of utmost<br />
importance to<br />
prospective<br />
employers, yet the<br />
least seen on CVs<br />
of prospective<br />
candidates." The<br />
reason is because<br />
negotiation skills<br />
are associated with<br />
decision makers of<br />
an organisation, who would normally be the<br />
senior/higher level members of the management.<br />
However, employers looking at the longer term<br />
potential of a candidate would like to see the<br />
candidate possessing negotiation skills from the<br />
early stages in order to be able to progress over<br />
time.<br />
What is Negotiation?<br />
Furthermore, Bhavik mentioned “often negotiation is<br />
defined incorrectly as reaching agreement, getting<br />
the best deal, or resolving a point of difference. It<br />
should be noted that negotiation is a 'process' and<br />
not a 'result'; it is an 'intention', not the 'outcome'.<br />
Successful negotiation is where the intended<br />
outcome is achieved. This helps distinguish<br />
successful negotiation from unsuccessful<br />
negotiation.”<br />
Obstacles to successful negotiations<br />
Bhavik went on to outline the main obstacles to<br />
achieving successful negotiations in Africa as<br />
follows:<br />
a) Limited access to accurate and reliable<br />
information.<br />
b) Limited mediums of communication and<br />
language barriers in some countries.<br />
c) Differences in cultures, ethnicities and tribalism.<br />
d) Poor financial services sector that restricts the<br />
scope to perform efficient transactions.<br />
e) Corruption and bureaucracy within the public<br />
and private sector.<br />
f) Low levels of skills and expertise of decision<br />
makers in some organisations.<br />
Bhavik then concluded that “these obstacles also<br />
present opportunity for investment purposes as<br />
entities (individuals or companies) that possess<br />
unique advantages within the business environment<br />
can capitalise on them comfortably with little<br />
competition.”<br />
<strong>Oshwal</strong> Youth Magazine of O.A.U.K. 8 <strong>June</strong> <strong>2013</strong> Edition