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Contents for March 2017 (Volume 20, Issue 3)

Dealmaking President's Initial Moves: Try, Try Again...

Published March 2017: Volume 20, Issue 3
Published March 2017: Volume 20, Issue 3

Contents for March 2017 (Volume 20, Issue 3)

In the dynamic world of business, success can often come with its share of challenges. Negotiations and leadership are key skills that can turn both triumphs and setbacks into opportunities for growth. To help executives navigate these complexities, [Executive's Website] is offering a three-day Negotiation and Leadership course in Cambridge, Massachusetts.

The course, designed to empower leaders, covers a wide range of topics. Participants will learn about structured negotiation approaches like the Negotiation Staircase Framework, which divides negotiations into six levels: Set-up, Process Definition, Guiding Principles, Shared Fact-bases, Deal Architecture, and Detailed Bargaining. By understanding these levels, executives can navigate negotiations more effectively, diagnose challenges, and apply suitable strategies at each stage to reach optimal outcomes.

Another crucial aspect of the course is learning how to create and capture value for all parties involved. This involves balancing both structural and interpersonal dynamics to achieve win-win results. Leaders will also learn to adapt tactics according to the negotiation type, stakeholders involved, cultural factors, relationship history, and emotional stakes.

Conflict resolution and dispute management are essential skills for leaders, and the course provides techniques for negotiating and resolving disputes effectively within and outside their organisations. These techniques include active listening, mediation, managing emotions, and finding mutually acceptable solutions to maintain relationships while advancing interests.

The course also focuses on enhancing leadership competencies related to negotiation. Topics such as effective communication, emotional intelligence, coaching and mentoring, team-building, strategic thinking, change management, and diversity and inclusion are covered. These competencies enhance a leader’s capacity to lead negotiations and influence outcomes successfully.

Hard-bargaining and tactical skills are also part of the curriculum. Participants will learn how to prepare for tough negotiation situations, recognise and respond to different bargaining styles, and handle conflicts of interest objectively.

Research in negotiation suggests that having multiple alternatives may not always be beneficial, and the course emphasises the importance of flexibility—adjusting negotiation strategy to situational factors and stakeholder dynamics while maintaining productive relationships.

The course also provides insights on becoming a better negotiator, as demonstrated in the Special Report titled "Negotiation Training: How Harvard Negotiation Exercises, Negotiation Cases, and Good Negotiation Coaching Can Make You a Better Negotiator". This Special Report, authored by an unspecified source, is free to download from the executive's website and likely includes negotiation exercises and cases.

In negotiation, context is key, and the timing and expression of gratitude should be considered carefully. If initial attempts at negotiation fail, subsequent attempts can be made to find a mutually beneficial solution. However, research indicates a downside to anger during negotiations, and the course likely includes advice on managing emotions effectively.

In conclusion, the Negotiation and Leadership course offers executives the tools they need to negotiate confidently and lead more effectively in complex business contexts. By integrating negotiation theory, practical skills in deal-making and dispute resolution, and leadership development topics, the course equips leaders with the flexibility to adapt their strategies to situational factors and stakeholder dynamics while maintaining productive relationships.

  1. The three-day Negotiation and Leadership course, offered by [Executive's Website], includes the study of the Negotiation Staircase Framework, a structured approach that divides negotiations into six levels, helping executives navigate negotiations more effectively and reach optimal outcomes.
  2. In the course, participants will also learn about the importance of creating and capturing value for all parties involved, and how to adapt tactics according to the negotiation type, stakeholders, cultural factors, relationship history, and emotional stakes to achieve win-win results.
  3. Further, the course covers research on negotiations, such as the concept that having multiple alternatives may not always be beneficial, and the importance of flexibility, as participants learn to adjust their negotiation strategy to situational factors and stakeholder dynamics while maintaining productive relationships.

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