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Negotiation and Decision Making Strategies
This interactive five-day program is designed to improve your personal effectiveness and increase the productivity of your organization by drawing on the latest research in the psychology of judgment, combined with time-tested theories of negotiation and decision making.

The purpose of this course is to help general and functional managers develop consistently effective strategies and systematic approaches to negotiations and decision making that will dramatically improve their personal effectiveness and the productivity of their organizations. The course provides sufficient familiarity with negotiating and decision making styles that will help managers identify their unique strengths and weaknesses, thus enabling participants to interpret and comfortably use the latest advances in the field of negotiation in their daily decisions.

The program will also equip participants to recognize and overcome flaws in their negotiation and decision making processes; develop frameworks for making sound decisions; analyze situations; develop plans to monitor, improve, and practice their negotiation and decision making skills; and more effectively learn the right lessons from their experiences.

Program Dates and Fees
October 25-29, 2010 $7,650.00
February 7-11, 2011 $7,650.00
June 20-24, 2011 $7,650.00
October 17-21, 2011 $7,650.00
Overall Objectives
  • Develop a systematic framework for improving negotiation outcomes
  • Identify the key characteristics of a good agreement
  • Identify common psychological pitfalls that obstruct optimal agreements
  • Anticipate and defend against common influence tactics
  • Identify personal tendencies to be overly cooperative or competitive in conflict
  • Broaden the repertoire of negotiation approaches through practices
  • Increase creativity and flexibility in solving problems
  • Increase the ability to meet interests when faced with a competitive opponent
  • Defend interests in confrontational negotiations
  • Use alternative, creative approaches to reaching negotiated agreements
  • Learn specific techniques for simultaneously achieving personal interests and the interests of the negotiation partner
  • Measure interests, find beneficial trades, and maximize the outcome in a multiple-issue negotiation
  • Recognize and overcome flaws in the decision making process
  • Develop frameworks for making sounder decisions
  • Learn the right lessons from experience
  • Develop plans to monitor, improve, and practice decision making skills at the job
Who Should Attend
This program is designed to benefit middle, upper middle, and senior level managers, who would like to enhance their influence, both internally in their organizations and externally with other organizations and vendors, by improving their negotiation and decision making skills. Managers in every functional area of responsibility, in all industry types, will benefit by attending this program. In particular, executives in areas such as marketing, sales, manufacturing, engineering, mergers and acquisitions, purchasing, human resources, strategy, and finance, as well as general mangers who have been promoted through these routes, will find this program highly beneficial.
Topics Outline
  • The Psychology of Judgment and Decision Making Processes
  • Beginning with the Toughest: Price Negotiation
  • Coalitions, Power, and Fairness
  • Organizational Decision Making
  • Influence Techniques and Problem Solving
  • Techniques for Creating Value
  • Achieving Goals in a Multiple-issue Negotiation
  • Action Planning: Putting It All into Practice
  • Ayelet Fishbach
    Ayelet Fishbach has been a member of the University of Chicago's faculty since 2002. Professor Fishbach teaches MBA and Executive MBA classes in negotiation. Her class helps students develop a systematic approach to negotiation, enabling them to analyze and prepare for upcoming negotiation situations and interpret past negotiating encounters. Professor Fishbach’s research is in social psychology, with specific emphasis on motivation and decision making.
    Christopher Hsee
    Christopher Hsee joined The University of Chicago faculty in 1993, teaching MBA and Executive MBA classes in managerial decision making strategies. His research and teaching are focused on behavioral decision theories, including preference construction, consumer decision making, and cross-cultural comparisons in risk preferences.
    George Wu
    George Wu has been a member of the University of Chicago faculty since 1997, where he teaches MBA classes in negotiation and decision making. Professor Wu’s research is centered on decision making under risk and uncertainty. His teaching utilizes a framework to enable managers to make better decisions.
    Classes are held at the Gleacher Center of the University of Chicago Booth School of Business, 450 North Cityfront Plaza Drive, situated along the Chicago River (one block east of Michigan Avenue), in the heart of the downtown district known as "The Magnificent Mile." The Center is within walking distance from some of Chicago's most exciting retail and entertainment areas.
    The course will begin at 8:30am on Monday and end at noon on Friday.

    Hotel Accommodations and Reservations

    A limited block of rooms have been reserved for a discounted rate at the
    InterContinental Chicago
    505 N. Michigan Avenue
    Chicago, IL 60611
    Phone: 801.401.5226 or 800.235.4670 (toll-free)
    Fax: 312.321.8725

    For More Information Contact:

    THE UNIVERSITY OF CHICAGO BOOTH SCHOOL OF BUSINESS

    450 N. Cityfront Plaza Drive Chicago, IL 60611-4316 http://www.chicagoexec.net
    Contact Us Online

    Pat La Malfa
    Associate Director of Executive Education
    Phone: (312) 464-8732
    Fax: (312) 464-8731
    E-Mail: pat.lamalfa@ChicagoBooth.edu

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    "Course exceeded my expectations for the amount and quality of information presented. I learned many valuable techniques that I will be able to use in making better decisions and in negotiating more valuable agreements."

    - Deborah Wagner
    Controller
    MarketLinx Solutions














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