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Effective Negotiations

Elective Course

Purpose and description of the course

Negotiating effective agreements is typically viewed as a blend of art and science. Consequently, to assist you in developing effective negotiation abilities, this course heavily emphasizes experiential learning through participant involvement in exercises and simulations, primarily based on negotiation cases from Kellogg and/or Harvard. Throughout the training you will be placed into realistic negotiation settings, and you will need to prepare for, participate in, and analyze negotiations.

This course focuses on developing your negotiating skills as an individual and as a negotiation team member. You will get acquainted with concepts like BATNA (the best alternative to a negotiated agreement), reservation and aspiration points. You will learn about the differences between the distributive and integrative negotiations. You will learn about how to prepare for a successful negotiation and how to create value, besides claiming value, in the negotiation. You will be introduced to various integrative negotiation techniques, such as logrolling, multiple equivalent simultaneous offers, etc.

Given the challenging nature of many negotiations, we will also discuss tactics that break the barriers to cooperation in negotiation and that facilitate joint problem solving in both face-to-face negotiations and in virtual settings. You will be introduced to the basic cognitive biases and heuristics, as well as emotions and learn how they impact the negotiation process and outcomes. Based on the readings, in-class negotiation exercises and discussion, you will learn how to critically analyze your negotiation performance, and how to use the feedback and experiences in improving your negotiation skills.

Key themes in the course

  • Identify and explain the key concepts and strategies of negotiation.
  • Demonstrate how these concepts and strategies can be applied in real-world negotiations and how the understanding of the negotiation theory/strategies can help create and claim value in such negotiations.
  • Evaluate and reflect on the applicability of the strategies in real-life negotiations, including cross-cultural negotiations.
  • Self-reflect on your own behavior during a (past) negotiation, including the ability to manage cognitive biases and emotions during a negotiation.

Your learning outcome

In this course you will learn to:

  • Identify and explain the key concepts and strategies of negotiation.
  • Demonstrate how these concepts and strategies can be applied in real-world negotiations and how the understanding of the negotiation theory/strategies can help create and claim value in such negotiations.
  • Evaluate and reflect on the applicability of the strategies in real-life negotiations, including cross-cultural negotiations.
  • Self-reflect on your own behavior during a (past) negotiation, including the ability to manage cognitive biases and emotions during a negotiation.

Who should attend this course

Anyone interested in negotiation and wanting to improve her/his negotiation skills
Experienced negotiators seeking a comprehensive basis in the preparation and execution of commercial negotiations.

Teachers

aleksandra gregoric

Associate professor PHD

Aleksandra Gregoric

Department of Strategy and Innovation

Morten lindholst

PhD

Morten Lindholst

Founder of ChangeAhead and Director at TruePoint Innovation in Management