SlideShare a Scribd company logo
1 of 16
Introduction to Business English
Negotiations (Part 1)
What are Negotiations?
• Negotiations aren’t just in business
• Negotiations are a discussion between two
people to make some agreement for the future.
• Negotiations are used for:
– Reach an understanding
– Resolve issues
– Making compromise
– Make goals
– Discuss issues (exploratory meeting)
• Negotiations are used in government, business,
legal issues, marriage, between friends
Conciliatory
meetings
What is a basic negotiation
Suggestion
Counter Suggestion
Agreement
Confirmation
Negotiations
• Listen…
• What are they negotiating about?
Answer: C, A, B
Negotiation Types
• Win-Win Negotiations
– Making an agreement that both parties like
– The agreements have some compromises at
times
– Tries to gain value for both parties
• Distributive Negotiations (Independent
advantage)
– One party gets more than the other
– All about what position you are
Negotiation Types
• Positional Negotiations (Win – Lose)
– One person wins, one person loses
– Universally understood
– Negatively rewards stubbornness and
deception
Preparing for negotiations
• Listen…
• What are some items you need?
– Prepare your negotiation position – know your aims
and objectives.
– Identify your minimum requirements.
– Decide what concessions you could make.
– Know your strengths and weaknesses.
– Prepare any figures, any calculations and support
material
– Know your role as a part of the team.
– Prepare your opening statement.
What’s wrong here?
Could he had made it more successful?
CHALLENGE!
Group A
You are sales manager for a large automotive components
manufacturer. You are having a meeting with the leader
of the sales representatives about a new contract. Sales
have not increased in the past year so you don’t want to
increase the rep’s pay or commissions
Group B
You are the leader of the sales reps. Your pay hasn’t
increased for three years. You have a meeting with the
sales manager to renegotiate your contracts.
Making a formal opening
• Welcome
• Agenda of the meeting
• Objectives for the meeting
• Expectations from both sides
• Hope to accomplish on their side
– Simple and general ideas
• Thanks for the opportunity
Opening Statement
• Listen…
• What are the objectives they make in this
audio?
– These are primary talks
– LP Associates would like to consider joint
product development.
– They would also consider license
agreements.
– They want to consider working on a
consultancy basis.
Negotiating
• General items
– Check items that the other wants.
– Don’t guess their opinions or motives.
– Note what the others say. Don’t always
answer immediately
– Don’t get forced into considering only one
option.
– Understand why they are giving you the
options.
People in a Negotiation
Main Speaker
• Create the agenda
• Questions needs and
wants
• Don’t talk too much
• Listen
• Make common ground
• Be Clear, Brief, Firm
• Follow the rules
Support Speakers
• Don’t speak until the chair
introduces you
• Be Clear, Brief, Firm
• Follow the rules
• Help the main speaker
– Agree
– Emphasize points
– Add missing points
– Allow Main speaker to
make the decisions
Negotiating
• Decisions making
– Accept, Reject or continue to negotiate
– Accept: Next slide
– Reject: end the meeting
– Negotiating:
• Make a new offer
• Seek a new offer from another party
• Change parts of the deal
Always be positive, constructive, cooperative and fair.
Accepting and Confirming
• Listen…
Summarizing/Closing
• Like at the end of a meeting summarize
what was accomplished:
– Confirming what things you agreed on.
– Determine what things you didn’t agree on
and may need to talk about later.
– When the next meeting will be or when the
contracts will be prepared.
• Close the meeting like all other meetings

More Related Content

Similar to Introduction to Business English - Day 12

Music Industry Negotiation
Music Industry NegotiationMusic Industry Negotiation
Music Industry NegotiationChristopher Baker
 
The Art of Negotiation
The Art of NegotiationThe Art of Negotiation
The Art of Negotiationyk png
 
Negotiation skill ppt
Negotiation skill pptNegotiation skill ppt
Negotiation skill pptsunitaiacr
 
Negotiationskill 150130001928-conversion-gate01
Negotiationskill 150130001928-conversion-gate01Negotiationskill 150130001928-conversion-gate01
Negotiationskill 150130001928-conversion-gate01Chiqui Veneracion
 
negotiationskill-150130001928-conversion-gate01.pptx
negotiationskill-150130001928-conversion-gate01.pptxnegotiationskill-150130001928-conversion-gate01.pptx
negotiationskill-150130001928-conversion-gate01.pptxMohanRaj924804
 
Fundaments of Negotiating
Fundaments of Negotiating Fundaments of Negotiating
Fundaments of Negotiating Andrew Hirst
 
Fundamentals of Negotiating
Fundamentals of NegotiatingFundamentals of Negotiating
Fundamentals of NegotiatingAndrew Hirst
 
Risk and negotiation
Risk and negotiationRisk and negotiation
Risk and negotiationSam Nixon
 
Negotiation skills (2)
Negotiation skills (2)Negotiation skills (2)
Negotiation skills (2)Jayati Poddar
 
Building Negotiations Skills
Building Negotiations SkillsBuilding Negotiations Skills
Building Negotiations SkillsAlimakki
 
negotiation skills
 negotiation skills negotiation skills
negotiation skillsDAVIS THOMAS
 
Negotiation Skills
Negotiation SkillsNegotiation Skills
Negotiation SkillsKinnar Majithia
 
Negotiation
NegotiationNegotiation
NegotiationIra Tobing
 
finalpptcommunication-120817081704-phpapp02.pdf
finalpptcommunication-120817081704-phpapp02.pdffinalpptcommunication-120817081704-phpapp02.pdf
finalpptcommunication-120817081704-phpapp02.pdfEkram Bin Mamun
 
negotiation skill
negotiation skillnegotiation skill
negotiation skillshweta patel
 
Negotiation in the field of business.pptx
Negotiation in the field of business.pptxNegotiation in the field of business.pptx
Negotiation in the field of business.pptxJamakala Obaiah
 

Similar to Introduction to Business English - Day 12 (20)

Music Industry Negotiation
Music Industry NegotiationMusic Industry Negotiation
Music Industry Negotiation
 
Negotiation
NegotiationNegotiation
Negotiation
 
The Art of Negotiation
The Art of NegotiationThe Art of Negotiation
The Art of Negotiation
 
Negotiation skill ppt
Negotiation skill pptNegotiation skill ppt
Negotiation skill ppt
 
Negotiationskill 150130001928-conversion-gate01
Negotiationskill 150130001928-conversion-gate01Negotiationskill 150130001928-conversion-gate01
Negotiationskill 150130001928-conversion-gate01
 
negotiationskill-150130001928-conversion-gate01.pptx
negotiationskill-150130001928-conversion-gate01.pptxnegotiationskill-150130001928-conversion-gate01.pptx
negotiationskill-150130001928-conversion-gate01.pptx
 
Fundaments of Negotiating
Fundaments of Negotiating Fundaments of Negotiating
Fundaments of Negotiating
 
Fundamentals of Negotiating
Fundamentals of NegotiatingFundamentals of Negotiating
Fundamentals of Negotiating
 
Negotiation
NegotiationNegotiation
Negotiation
 
Negotiations
NegotiationsNegotiations
Negotiations
 
Risk and negotiation
Risk and negotiationRisk and negotiation
Risk and negotiation
 
Negotiation skills (2)
Negotiation skills (2)Negotiation skills (2)
Negotiation skills (2)
 
Building Negotiations Skills
Building Negotiations SkillsBuilding Negotiations Skills
Building Negotiations Skills
 
negotiation skills
 negotiation skills negotiation skills
negotiation skills
 
Negotiation Skills
Negotiation SkillsNegotiation Skills
Negotiation Skills
 
Negotiation
NegotiationNegotiation
Negotiation
 
finalpptcommunication-120817081704-phpapp02.pdf
finalpptcommunication-120817081704-phpapp02.pdffinalpptcommunication-120817081704-phpapp02.pdf
finalpptcommunication-120817081704-phpapp02.pdf
 
negotiation skill
negotiation skillnegotiation skill
negotiation skill
 
Negotiation in the field of business.pptx
Negotiation in the field of business.pptxNegotiation in the field of business.pptx
Negotiation in the field of business.pptx
 
The Art of Successful Negotiation
The Art of Successful NegotiationThe Art of Successful Negotiation
The Art of Successful Negotiation
 

More from Luke Stapley

Introduction to Business English - Day 15
Introduction to Business English - Day 15Introduction to Business English - Day 15
Introduction to Business English - Day 15Luke Stapley
 
Introduction to Business English - Day 14
Introduction to Business English - Day 14Introduction to Business English - Day 14
Introduction to Business English - Day 14Luke Stapley
 
Introduction to Business English - Day 13
Introduction to Business English - Day 13Introduction to Business English - Day 13
Introduction to Business English - Day 13Luke Stapley
 
Introduction to Business English - Day 11
Introduction to Business English - Day 11Introduction to Business English - Day 11
Introduction to Business English - Day 11Luke Stapley
 
Introduction to Business English - Day 10
Introduction to Business English - Day 10Introduction to Business English - Day 10
Introduction to Business English - Day 10Luke Stapley
 
Introduction to Business English - Day 8
Introduction to Business English - Day 8Introduction to Business English - Day 8
Introduction to Business English - Day 8Luke Stapley
 
Introduction to Business English - Day 7
Introduction to Business English - Day 7Introduction to Business English - Day 7
Introduction to Business English - Day 7Luke Stapley
 
Introduction to Business English - Day 6
Introduction to Business English - Day 6Introduction to Business English - Day 6
Introduction to Business English - Day 6Luke Stapley
 
Introduction to Business English - Day 5
Introduction to Business English - Day 5Introduction to Business English - Day 5
Introduction to Business English - Day 5Luke Stapley
 
Introduction to Business English - Day 4
Introduction to Business English - Day 4Introduction to Business English - Day 4
Introduction to Business English - Day 4Luke Stapley
 
Introduction to Business English - Day 3
Introduction to Business English - Day 3Introduction to Business English - Day 3
Introduction to Business English - Day 3Luke Stapley
 
Introduction to Business English - Day 2
Introduction to Business English - Day 2Introduction to Business English - Day 2
Introduction to Business English - Day 2Luke Stapley
 
Introduction to Business English - Day 1
Introduction to Business English - Day 1Introduction to Business English - Day 1
Introduction to Business English - Day 1Luke Stapley
 

More from Luke Stapley (13)

Introduction to Business English - Day 15
Introduction to Business English - Day 15Introduction to Business English - Day 15
Introduction to Business English - Day 15
 
Introduction to Business English - Day 14
Introduction to Business English - Day 14Introduction to Business English - Day 14
Introduction to Business English - Day 14
 
Introduction to Business English - Day 13
Introduction to Business English - Day 13Introduction to Business English - Day 13
Introduction to Business English - Day 13
 
Introduction to Business English - Day 11
Introduction to Business English - Day 11Introduction to Business English - Day 11
Introduction to Business English - Day 11
 
Introduction to Business English - Day 10
Introduction to Business English - Day 10Introduction to Business English - Day 10
Introduction to Business English - Day 10
 
Introduction to Business English - Day 8
Introduction to Business English - Day 8Introduction to Business English - Day 8
Introduction to Business English - Day 8
 
Introduction to Business English - Day 7
Introduction to Business English - Day 7Introduction to Business English - Day 7
Introduction to Business English - Day 7
 
Introduction to Business English - Day 6
Introduction to Business English - Day 6Introduction to Business English - Day 6
Introduction to Business English - Day 6
 
Introduction to Business English - Day 5
Introduction to Business English - Day 5Introduction to Business English - Day 5
Introduction to Business English - Day 5
 
Introduction to Business English - Day 4
Introduction to Business English - Day 4Introduction to Business English - Day 4
Introduction to Business English - Day 4
 
Introduction to Business English - Day 3
Introduction to Business English - Day 3Introduction to Business English - Day 3
Introduction to Business English - Day 3
 
Introduction to Business English - Day 2
Introduction to Business English - Day 2Introduction to Business English - Day 2
Introduction to Business English - Day 2
 
Introduction to Business English - Day 1
Introduction to Business English - Day 1Introduction to Business English - Day 1
Introduction to Business English - Day 1
 

Recently uploaded

Lucia Ferretti, Lead Business Designer; Matteo Meschini, Business Designer @T...
Lucia Ferretti, Lead Business Designer; Matteo Meschini, Business Designer @T...Lucia Ferretti, Lead Business Designer; Matteo Meschini, Business Designer @T...
Lucia Ferretti, Lead Business Designer; Matteo Meschini, Business Designer @T...Associazione Digital Days
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdfShaun Heinrichs
 
20200128 Ethical by Design - Whitepaper.pdf
20200128 Ethical by Design - Whitepaper.pdf20200128 Ethical by Design - Whitepaper.pdf
20200128 Ethical by Design - Whitepaper.pdfChris Skinner
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMVoces Mineras
 
APRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdfAPRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdfRbc Rbcua
 
Send Files | Sendbig.comSend Files | Sendbig.com
Send Files | Sendbig.comSend Files | Sendbig.comSend Files | Sendbig.comSend Files | Sendbig.com
Send Files | Sendbig.comSend Files | Sendbig.comSendBig4
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdfShaun Heinrichs
 
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...ssuserf63bd7
 
Excvation Safety for safety officers reference
Excvation Safety for safety officers referenceExcvation Safety for safety officers reference
Excvation Safety for safety officers referencessuser2c065e
 
Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...Americas Got Grants
 
business environment micro environment macro environment.pptx
business environment micro environment macro environment.pptxbusiness environment micro environment macro environment.pptx
business environment micro environment macro environment.pptxShruti Mittal
 
Entrepreneurship lessons in Philippines
Entrepreneurship lessons in  PhilippinesEntrepreneurship lessons in  Philippines
Entrepreneurship lessons in PhilippinesDavidSamuel525586
 
Darshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdfDarshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdfShashank Mehta
 
digital marketing , introduction of digital marketing
digital marketing , introduction of digital marketingdigital marketing , introduction of digital marketing
digital marketing , introduction of digital marketingrajputmeenakshi733
 
Introducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applicationsIntroducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applicationsKnowledgeSeed
 
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...SOFTTECHHUB
 
BAILMENT & PLEDGE business law notes.pptx
BAILMENT & PLEDGE business law notes.pptxBAILMENT & PLEDGE business law notes.pptx
BAILMENT & PLEDGE business law notes.pptxran17april2001
 
WSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdfWSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdfJamesConcepcion7
 

Recently uploaded (20)

Lucia Ferretti, Lead Business Designer; Matteo Meschini, Business Designer @T...
Lucia Ferretti, Lead Business Designer; Matteo Meschini, Business Designer @T...Lucia Ferretti, Lead Business Designer; Matteo Meschini, Business Designer @T...
Lucia Ferretti, Lead Business Designer; Matteo Meschini, Business Designer @T...
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf
 
20200128 Ethical by Design - Whitepaper.pdf
20200128 Ethical by Design - Whitepaper.pdf20200128 Ethical by Design - Whitepaper.pdf
20200128 Ethical by Design - Whitepaper.pdf
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQM
 
APRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdfAPRIL2024_UKRAINE_xml_0000000000000 .pdf
APRIL2024_UKRAINE_xml_0000000000000 .pdf
 
Send Files | Sendbig.comSend Files | Sendbig.com
Send Files | Sendbig.comSend Files | Sendbig.comSend Files | Sendbig.comSend Files | Sendbig.com
Send Files | Sendbig.comSend Files | Sendbig.com
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf
 
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
Intermediate Accounting, Volume 2, 13th Canadian Edition by Donald E. Kieso t...
 
The Bizz Quiz-E-Summit-E-Cell-IITPatna.pptx
The Bizz Quiz-E-Summit-E-Cell-IITPatna.pptxThe Bizz Quiz-E-Summit-E-Cell-IITPatna.pptx
The Bizz Quiz-E-Summit-E-Cell-IITPatna.pptx
 
Excvation Safety for safety officers reference
Excvation Safety for safety officers referenceExcvation Safety for safety officers reference
Excvation Safety for safety officers reference
 
Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...Church Building Grants To Assist With New Construction, Additions, And Restor...
Church Building Grants To Assist With New Construction, Additions, And Restor...
 
business environment micro environment macro environment.pptx
business environment micro environment macro environment.pptxbusiness environment micro environment macro environment.pptx
business environment micro environment macro environment.pptx
 
Entrepreneurship lessons in Philippines
Entrepreneurship lessons in  PhilippinesEntrepreneurship lessons in  Philippines
Entrepreneurship lessons in Philippines
 
Darshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdfDarshan Hiranandani [News About Next CEO].pdf
Darshan Hiranandani [News About Next CEO].pdf
 
digital marketing , introduction of digital marketing
digital marketing , introduction of digital marketingdigital marketing , introduction of digital marketing
digital marketing , introduction of digital marketing
 
Introducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applicationsIntroducing the Analogic framework for business planning applications
Introducing the Analogic framework for business planning applications
 
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
 
WAM Corporate Presentation April 12 2024.pdf
WAM Corporate Presentation April 12 2024.pdfWAM Corporate Presentation April 12 2024.pdf
WAM Corporate Presentation April 12 2024.pdf
 
BAILMENT & PLEDGE business law notes.pptx
BAILMENT & PLEDGE business law notes.pptxBAILMENT & PLEDGE business law notes.pptx
BAILMENT & PLEDGE business law notes.pptx
 
WSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdfWSMM Media and Entertainment Feb_March_Final.pdf
WSMM Media and Entertainment Feb_March_Final.pdf
 

Introduction to Business English - Day 12

  • 1. Introduction to Business English Negotiations (Part 1)
  • 2. What are Negotiations? • Negotiations aren’t just in business • Negotiations are a discussion between two people to make some agreement for the future. • Negotiations are used for: – Reach an understanding – Resolve issues – Making compromise – Make goals – Discuss issues (exploratory meeting) • Negotiations are used in government, business, legal issues, marriage, between friends Conciliatory meetings
  • 3. What is a basic negotiation Suggestion Counter Suggestion Agreement Confirmation
  • 4. Negotiations • Listen… • What are they negotiating about? Answer: C, A, B
  • 5. Negotiation Types • Win-Win Negotiations – Making an agreement that both parties like – The agreements have some compromises at times – Tries to gain value for both parties • Distributive Negotiations (Independent advantage) – One party gets more than the other – All about what position you are
  • 6. Negotiation Types • Positional Negotiations (Win – Lose) – One person wins, one person loses – Universally understood – Negatively rewards stubbornness and deception
  • 7. Preparing for negotiations • Listen… • What are some items you need? – Prepare your negotiation position – know your aims and objectives. – Identify your minimum requirements. – Decide what concessions you could make. – Know your strengths and weaknesses. – Prepare any figures, any calculations and support material – Know your role as a part of the team. – Prepare your opening statement.
  • 8. What’s wrong here? Could he had made it more successful?
  • 9. CHALLENGE! Group A You are sales manager for a large automotive components manufacturer. You are having a meeting with the leader of the sales representatives about a new contract. Sales have not increased in the past year so you don’t want to increase the rep’s pay or commissions Group B You are the leader of the sales reps. Your pay hasn’t increased for three years. You have a meeting with the sales manager to renegotiate your contracts.
  • 10. Making a formal opening • Welcome • Agenda of the meeting • Objectives for the meeting • Expectations from both sides • Hope to accomplish on their side – Simple and general ideas • Thanks for the opportunity
  • 11. Opening Statement • Listen… • What are the objectives they make in this audio? – These are primary talks – LP Associates would like to consider joint product development. – They would also consider license agreements. – They want to consider working on a consultancy basis.
  • 12. Negotiating • General items – Check items that the other wants. – Don’t guess their opinions or motives. – Note what the others say. Don’t always answer immediately – Don’t get forced into considering only one option. – Understand why they are giving you the options.
  • 13. People in a Negotiation Main Speaker • Create the agenda • Questions needs and wants • Don’t talk too much • Listen • Make common ground • Be Clear, Brief, Firm • Follow the rules Support Speakers • Don’t speak until the chair introduces you • Be Clear, Brief, Firm • Follow the rules • Help the main speaker – Agree – Emphasize points – Add missing points – Allow Main speaker to make the decisions
  • 14. Negotiating • Decisions making – Accept, Reject or continue to negotiate – Accept: Next slide – Reject: end the meeting – Negotiating: • Make a new offer • Seek a new offer from another party • Change parts of the deal Always be positive, constructive, cooperative and fair.
  • 16. Summarizing/Closing • Like at the end of a meeting summarize what was accomplished: – Confirming what things you agreed on. – Determine what things you didn’t agree on and may need to talk about later. – When the next meeting will be or when the contracts will be prepared. • Close the meeting like all other meetings