Postgraduate Course: Negotiations (MBA) (CMSE11280)
||College||College of Arts, Humanities and Social Sciences
|Credit level (Normal year taken)||SCQF Level 11 (Postgraduate)
||Availability||Not available to visiting students
|Summary||The aim of this course is to combine a theoretical and analytical understanding of to the negotiation process with a practical and strategic approach that will help students to improve their potential to plan for and conduct negotiations in a range of circumstances more effectively.
This course addresses an area where many resource allocation decisions depend not on the outcome of market forces but on the interplay of bargaining between two or more groups. Such situations may be found in purchasing a car, a carpet, or a house; in contracting for the services of a painter, a builder, or a plumber; in determining the terms and conditions of one's individual employment; in corporate take-overs; in union-management agreements concerning groups of workers; in free trade agreements within groups of countries; in divorce settlements; in setting regulatory conditions; in determining the location of an environmentally dangerous facility; and in many other areas of resource allocation.
Introduction to Negotiation Theory and Practice
Negotiation as a mixed motive process
Distributive Bargaining Strategies - Claiming Value
Integrative Bargaining Strategies - Creating Value
Wants and Needs - the importance of identifying underlying interests
A three-step model for negotiation preparation
Strategic behaviour in Multiparty and Multi-issue Negotiations
Alternative Dispute Resolution Processes
Student Learning Experience
The course has a strong practical emphasis, with role-playing exercises included as a component of almost every session, which are combined with comprehensive class debriefs that seek to link practice with a fundamental theoretical analysis of the negotiation process.
Entry Requirements (not applicable to Visiting Students)
||Other requirements|| For Business School PG students only, or by special permission of the School. Please contact the course secretary.
Course Delivery Information
|Academic year 2019/20, Not available to visiting students (SS1)
|Learning and Teaching activities (Further Info)
Lecture Hours 28,
Summative Assessment Hours 20,
Programme Level Learning and Teaching Hours 2,
Directed Learning and Independent Learning Hours
|Assessment (Further Info)
|Additional Information (Assessment)
||Written Exam 80 %; Coursework 20 %
Coursework: The Assessed Negotiation Exercise will be conducted during the final session of the course. It will be a group negotiation exercise. Students will be asked first to prepare for the negotiation and produce a preparation memo using concepts drawn from the course. Each team will then negotiate the exercise with another pre-assigned team producing a final result. Each team will then produce a debrief memo providing a strategic analysis of the negotiation and description of the outcome.
Although some credit will be awarded to teams that do relatively better in their negotiation outcome than their negotiation counterparts, the main purpose of the assessment is to test the ability of students to plan for and to think strategically during the negotiation process.
||Students will be given feedback both on their negotiation performance and their understanding of the concepts being taught during the class exercise debrief sessions that form an integral part of the course structure. Students are also regularly asked questions during each session to assess their understanding and knowledge. Feedback on formative assessed exercise will be provided within 15 working days of completion of the course. Summative marks will be returned on a published timetable, which has been made clear to students at the start of the academic year.
Students will be provided with electronic written feedback for all coursework.
||Hours & Minutes
|Outwith Standard Exam Diets March||Negotiations (MBA)||2:00|
On completion of this course, the student will be able to:
- Understand and critically discuss negotiation as a mixed motive process.
- Understand and critically discuss distributive bargaining strategies (claiming value) and integrative bargaining strategies (creating value).
- Understand and critically evaluate Wants and Needs and the importance of identifying underlying interests.
- Understand and critically discuss the three-step model for negotiation preparation.
- Understand and critically discuss negotiating power and the strategic behaviour in multiparty and multi-issue negotiations.
|Essential Reading: Leigh Thompson (2011), The Mind and Heart of the Negotiator (5th Ed). (Upper Saddle River, New Jersey Pearson Prentice Hall).|
A detailed reading list will be provided during the course.
|Graduate Attributes and Skills
||Cognitive and Subject Specific Skills:
Identify and where appropriate compute certain key parameters of every negotiation. These include the BATNA (Best Alternative To a Negotiated Agreement), the ZOPA (Zone Of Possible Agreement), Reserve and Target Prices, as well as assessing the relative negotiation power of the parties and their underlying interests.
Develop interpersonal skills, including those of communication, relationship enhancement and an increased ability to both add and claim value during the negotiation process as well as some third party dispute resolution skills.
Plan for and to execute effective negation strategies in a range of situations and contexts.
|Keywords||Negotiation Bargaining Resolution
|Course organiser||Mr Tom Hutcheson
|Course secretary||Mrs Angela Muir
Tel: (0131 6)51 3854