We all negotiate on a daily basis. On a personal level, we negotiate with friends, family, landlords, and even employers, but negotiation is also the key to business success.
On this seven-week course from the University of Michigan, you’ll discover and practice the four steps to successful negotiation, and learn strategies to do it better.
Within any company, successful negotiation skills can lead to your career advancement. But each negotiation needs a strategy to give you the best chance of a positive outcome.
You’ll start by learning how to plan your negotiation strategy. This course will guide you through identifying the four key stages of negotiations and completing a negotiation analysis that will set you up for success.
Through your analysis, you’ll uncover the different types of negotiation, from position-based and interest-based negotiations to disput resolution and deal-making negotiations.
Once you’ve prepared for a negotiation, you’ll explore the use of power and psychological tools at your disposal, such as anchoring, overconfidence, and framing.
Then, you’ll explore the negotiation that takes place in a business deal and learn how to apply your new skills to create a binding contract.
Sometimes, despite having a contract in place, a party may fail to perform as expected, leading to a dispute.
You’ll develop techniques for dispute prevention, as well as tools for resolving disputes, including arbitration and mediation.
Once you’ve built up your toolkit of negotiation skills, you’ll spend the final weeks of this course putting them to the test in a number of scenarios.
This course is designed for anyone interested in developing practical negotiation skills, whether for improving business deals or helping career advancement.