The Lee Kong Chian School of Business Academic Year 2021/22 Term 2 COR-OBHR1309 NEGOTIATING IN MANAGEMENT AND BUSINESS Instructor Title Tel Email Office : Dr Paul Lim : Lecturer of Organisational Behaviour & Human Resources : 6808 7968 : paullim@smu.edu.sg : LKCSB #5104 COURSE DESCRIPTION Negotiation is the art and science of securing agreements between parties who are interdependent, are seeking to maximize their outcomes, and may or may not be interested in developing or preserving a close relationship. This course is designed to be relevant to the broad spectrum of negotiation problems faced by managers and professionals. The course focuses both on arm’s-length commercial negotiations, and negotiations that occur within one’s own organization. A basic premise of this course is that while any manager or professional needs analytical skills to discover optimal solutions to problems, negotiation skills are usually needed to get these solutions accepted and implemented. This course provides participants with conceptual and analytical tools for analyzing and planning their negotiations. It also provides participants with simulated negotiation experiences that allow them to develop their negotiating skills, and to understand how the conceptual and analytical tools can be used in practice. LEARNING OBJECTIVES By the end of this course, students will achieve the following learning outcomes: 1. Disciplinary and Multidisciplinary Knowledge, & Intellectual and Creative Skills: Understand and be able to put into practice the central frameworks, principles, concepts and theories in negotiation. II. Interpersonal Skills & Personal Mastery: Gain negotiation experience, skills, and confidence. Obtain the insights needed to learn on an ongoing basis from their own future negotiations. PRE-REQUISITE/ CO-REQUISITE/ MUTUALLY EXCLUSIVE COURSE(S) Pre-requisite and co-requisite courses: None Mutually exclusive courses: LAW403 Negotiation and Mediation for Lawyers LAW482 Deal-making and Dispute Resolution: Negotiation in an Age of Disruption This course can be taken to satisfy the Managing requirement of the University Core Curriculum, or as an Elective toward the OBHR Major. Please refer to the Course Catalogue on OASIS for the most updated list of pre-requisites / co-requisites for this particular course. 1 ASSESSMENT CRITERIA Class participation: 20% Negotiation Feedback: 20% Group project: 25% Final Exam: 35% ACADEMIC INTEGRITY All acts of academic dishonesty (including, but not limited to, plagiarism, cheating, fabrication, facilitation of acts of academic dishonesty by others, unauthorized possession of exam questions, or tampering with the academic work of other students) are serious offences. All work (whether oral or written) submitted for purposes of assessment must be the student’s own work. Penalties for violation of the policy range from zero marks for the component assessment to expulsion, depending on the nature of the offence. When in doubt, students should consult the course instructor. Details on the SMU Code of Academic Integrity may be accessed at http://www.smuscd.org/resources.html. ACCESSIBILITY SMU strives to make learning experiences accessible for all. If you anticipate or experience physical or academic barriers due to disability, please let me know immediately. You are also welcome to contact the university's disability services team if you have questions or concerns about academic provisions: included@smu.edu.sg. Please be aware that the accessible tables in our seminar room should remain available for students who require them. EMERGENCY PREPAREDNESS FOR TEACHING AND LEARNING (EPTL) To familiarize students with online delivery, part of this course may be conducted online via Zoom. Where there is an emergency that makes it infeasible to have classes on campus, classes will be conducted online with no disruption to the schedule. The instructor will inform students which classes, if any, will be conducted online. INSTRUCTIONAL METHODS AND EXPECTATIONS The course is highly interactive and the objectives of this course will be accomplished via the required readings, lectures, class discussions, in-class negotiation experiences, and course assignments. Class Participation (20%) Constructive participation is a central part of the learning process for you and your classmates. Your constructive participation reflects your contribution to class learning. It includes attendance and active participation in class discussions and teamwork in negotiation simulations. Negotiation Feedback (20%) The simulation approach in this course provides a valuable opportunity to give and receive extensive feedback on negotiation performance. Accordingly, within 48 hours after each negotiation simulation, you will send an email to your negotiation counterpart or counterparts with an evaluation of their strengths in the negotiation, and their weaknesses and your recommendations for improvement. Be sure to cc all your feedback emails to the instructor at [email address]. You will be graded on the quality and quantity of useful feedback sent. Full explanation provided in Appendix A. 2 Group project (25%) Video-tape an interview of someone who is highly experienced with negotiations. Select from the following suggested list a topic that is the focus of your interview. Ideally, all groups are to have separate topics. Mediation Cross-Cultural/International negotiations Multi-party negotiations (more than 3 parties, groups or teams) Coalitions Negotiation tactics Managing difficult negotiations Managing relationships in negotiations Ethics in negotiations Analyse the interview in comparison with the theories discussed in class. Each team will be given only 15mins to present. The breakdown of grades is as follows: a) Video Interview: Interview design and execution (5%) b) Analysis: Accuracy and appropriate application of theory (10%) c) Presentation: Presentation delivery and preparedness (10%) You may support your interview with any form of technology that you find fit to enhance the presentation experience. For grading and accountability purposes, please submit the soft copy of videos (or youtube links) and hard copies of supporting materials to me during the final lesson. Final Exam (35%) The Final Exam will consist of 40x MCQ questions (40 marks) & 6x Short essay questions (60 marks). You have up to 2 hours to complete it. Please study this exam well – time management is essential. Students whose native language is not English may apply to me for the use of dictionaries. This is a closed book exam. CONSULTATIONS Office Hours: By appointment only. Consultations may be available via face to face or Zoom. CLASS TIMINGS This course is taught in one 3-hour session one day a week. CHANGES The course outline, required readings, and/or class schedule may be modified at the instructor’s discretion. Changes will be announced in class or electronically. 3 TEXT AND READINGS Compulsory Course Pack (Negotiation Simulations): More information will be provided in class on the negotiation simulations that are required for this course. Payment will be made through the library course pack system. You will only receive the simulations on the day of the actual simulation. Each simulation case is not to be reproduced. Doing so will put you in breach of copyright laws. Required Reading List: Week 1 – Nature of Negotiations How to Negotiate Deals, Resolve Disputes, and Make Decisions Across Cultural Boundaries. J. M. Brett, “Negotiating Globally,” 2nd ed., pp. 1-11. John Wiley & Sons, 2007. Shonk, K. (2021). Five Conflict Resolution Strategies. PON - Program on Negotiation at Harvard Law School. Retrieved 29 September 2021, from https://www.pon.harvard.edu/daily/conflictresolution/conflict-resolution-strategies/. Week 2 – Distributive Bargaining Bolkan, S., & Goodboy, A. K. (2021). Negotiating in Distributive Bargaining Scenarios: The Effect of Sharing One’s Alternative. Communication Studies, 72(4), 720–733. Program on Negotiation, Harvard Law School. (2018). How to find the zone of possible agreement with friends. PON. Retrieved September 24, 2021, from https://www.pon.harvard.edu/daily/negotiation-skillsdaily/negotiating-between-friends/. Week 3 – Integrative Negotiations Hames, D. S. (2011). Negotiation: Closing Deals, Settling Disputes, and Making Team Decisions: Closing Deals, Settling Disputes, and Making Team Decisions. Sage. pp. 83-100 Program on Negotiation, Harvard Law School. (2020). Negotiation skills: Value creation resources. PON. Retrieved September 24, 2021, from https://www.pon.harvard.edu/daily/negotiation-skillsdaily/negotiation-skills-value-creation-resources/. Week 4 – Negotiation Impasse, Difficult Negotiations Arnesen, D. W., & Foster, T. N. (2018). Guanxi, reciprocity, and reflection-applying cultural keys to resolve difficult negotiations. Journal of Business and Educational Leadership, 8(1), 39-47. Program on Negotiation, Harvard Law School. (2021). Stonewalling in negotiations: Risks and pitfalls. PON. Retrieved September 24, 2021, from https://www.pon.harvard.edu/daily/negotiation-skills-daily/the-risksand-pitfalls-of-stonewalling-in-negotiations/. Week 5 – Negotiation Strategy & Ethics Young, M. (2008). Sharks, saints, and samurai: the power of ethics in negotiations. Negotiation Journal, 24(2), 145-155. Lax, D. A., & Sebenius, J. K. (1986). Three ethical issues in negotiation. Negotiation Journal, 2(4), 363-370. Week 6 – Perception, Cognition, Emotion, Communication Lowney, V. (2017). Negotiation skills: Understanding the ladder of inference. MWI. Retrieved September 24, 2021, from https://www.mwi.org/negotiation-skills-ladder-of-inference/. Gavin, M. (2019). The Impact of Emotions in Negotiation | HBS Online. Business Insights - Blog. Retrieved 29 September 2021, from https://online.hbs.edu/blog/post/emotion-in-business-negotiation. 4 Week 7 – Negotiation Power & Influence The four horsemen of power at the bargaining table. A. D. Galinsky, M. Schaerer, & J. C. Magee. Journal of Business and Industrial Marketing, 2017, vol. 32, pp. 606-611. https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?referer=https://scholar.google.com/&httpsredir=1&article =6160&context=lkcsb_research Week 8 Recess Week Week 9 - Coalitions How to manage your negotiating team. J. M. Brett, R. Friedman, & K. Behfar. Harvard Business Review, September 2009, pp. 105-109. https://hbr.org/2009/09/how-to-manage-your-negotiating-team Week 10 – Multi-Party Negotiations Susskind, L. (2004). Making the Most of Multiparty Negotiations. Retrieved September 29, 2021, from https://hbswk.hbs.edu/archive/making-the-most-of-multiparty-negotiations Week 11 – Gender, Personalities & Abilities Babcock, L; Laschever, S. Women Don't Ask. 2003. Princeton University Press. pp.112-129. Shonk, K. (2021). Women and Negotiation: Narrowing the Gender Gap in Negotiation. Retrieved September 29, 2021, from https://www.pon.harvard.edu/daily/business-negotiations/women-andnegotiation-narrowing-the-gender-gap/ Week 12 – International, Cross Cultural Negotiations Negotiating: The top ten ways that culture can affect your negotiation. J. Salacuse. Ivey Business Journal, 2004, vol. 69, pp. 1-6. Green, A. (2021). How to Negotiate in Cross-Cultural Situations. Retrieved September 29, 2021, from https://www.pon.harvard.edu/daily/leadership-skills-daily/how-to-negotiate-in-cross-cultural-situations/ Further Readings: Cialdini, R. (1993). Influence: The Psychology of Persuasion. New York: William Morrow and Company. Fisher, R., & Ury, W. (1991). Getting to Say Yes: Negotiating Agreement Without Giving In (Second ed.). New York: Penguin Books. Lewicki, R., Saunders, D., & Barry, B. (2015). Negotiation (Seventh ed.). New York: McGraw Hill. Lum, G. (2011). The Negotiation Fieldbook (Second ed.). New York: McGraw Hill. Thompson, L. (2013). The Truth about Negotiations. Upper Saddle River: Pearson Education. Thompson, L. (2015). The Mind and Heart of the Negotiator (Sixth ed.). Essex: Pearson Education. 5