University of Wisconsin-Whitewater Curriculum Proposal Form #3 New Course Effective Term: 2127 (Fall 2012) Subject Area - Course Number: Marktng 450 Cross-listing: (See Note #1 below) Course Title: (Limited to 65 characters) Sales Negotiation and Conflict Resolution 25-Character Abbreviation: Sales Negotiation/Conflic Sponsor(s): Jimmy Peltier Department(s): Marketng College(s): Business and Economics Consultation took place: NA Programs Affected: Yes (list departments and attach consultation sheet) Departments: Advertising Majors, Advertising Minors, Marketing Minors, Arts Is paperwork complete for those programs? (Use "Form 2" for Catalog & Academic Report updates) NA Yes Prerequisites: will be at future meeting Marketng 311 Grade Basis: Conventional Letter S/NC or Pass/Fail Course will be offered: Part of Load On Campus Above Load Off Campus - Location College: Business and Economics Instructor: Varied Dept/Area(s): Marketng Note: If the course is dual-listed, instructor must be a member of Grad Faculty. Check if the Course is to Meet Any of the Following: Technological Literacy Requirement Diversity Writing Requirement General Education Option: Select one: Note: For the Gen Ed option, the proposal should address how this course relates to specific core courses, meets the goals of General Education in providing breadth, and incorporates scholarship in the appropriate field relating to women and gender. Credit/Contact Hours: (per semester) Total lab hours: Number of credits: 03 Total contact hours: Total lecture hours: 48 Can course be taken more than once for credit? (Repeatability) No Yes If "Yes", answer the following questions: No of times in major: No of times in degree: Revised 10/02 No of credits in major: No of credits in degree: 1 of 7 48 Proposal Information: (Procedures for form #3) Course justification: In the spring of 2008, the Department of Marketing held a retreat to identify its strengths and weaknesses and to determine future directions. This retreat, which was led by a professional moderator, highlighted that the majority of the department’s students take sales positions upon graduation. Despite this trend, the retreat also highlighted the fact that our students are not fully prepared for a career in sales. The Department’s Advisory Board has also frequently noted (1) that its students are not sufficiently prepared to work in sales, (2) that coordination with businesses seeking new sales hires is lacking, (3) that an expanded sales curriculum is needed, and (4) that UWW COBE and the Department of Marketing need to develop a formal internal organizational structure for preparing students for a career in sales; one that also provides a mechanism for linking business with students. Responding to these calls to action, the Department of Marketing has hired three new faculty members working in the sales area (one to start fall 2012), and in fall 2010 a Professional Selling Emphasis within the Marketing Major and a Professional Selling Minor were launched. At the present time five courses (four required and one recommended) are included on the Emphasis and Minor: Principles of Selling Sales Management Business to Business Marketing Entrepreneurial and Advanced Selling Techniques Sales Internship To date the curricular initiatives have been very successful. Although the Professional Selling Emphasis and Professional Selling Minor were not officially launched until fall 2010, the new and revised courses became available in fall 2009. As shown in Table 1, enrollment in sales courses jumped from 181 for 2008/2009 to 304 for 2009/2010 (143 F2009 and 161 S2010). This trend continued for 2010/2011, and enrollment in sales-related classes is expected to reach record levels in 2011/2012. Of significance, fall 2011 enrollment for Principles of Selling was 90 students. This enrollment figure is important because Principles of Selling is the entry level course for the Professional Selling Emphasis and Minor, and the course’s enrollment signals a high level of demand by students. As a consequence, the total number of students in the Professional Selling Emphasis, the Professional Selling Minor, and sales-related courses has reached critical mass. Table 1: Enrollment in Sales Courses and Professional Selling Emphasis/Minor Sales Course Enrollment Professional Selling Emphasis/Minor Revised 10/02 2008/ 09 Fall 2009 Spring 2010 Fall 2010 Spring 2011 Fall 2011 181 143 161 151 143 167 14 31 50 2 of 7 Based on the launch of the Professional Selling Emphasis and Minor and increased student demand, in January 2012 the University has approved the UWW Institute for Sales excellence. Demand for existing courses in the selling curriculum is expected to continuing growing. This growth will come from marketing majors and minors, COBE students, and UWW students at large. When developing the Professional Selling Emphasis and Minor it was made clear by the Advisory Committee that a dedicated course in Sales Negotiation was needed. Negotiation is a key art of business and sales, and students are inadequately prepared to meet the challenge of establishing and nurturing negotiated relationships. Although the negotiation course has varied titles (i.e., Negotiating and Conflict Resolution, Advanced Personal Selling & Negotiation, Advanced Professional Selling) in prominent sales curricula and sales institutes/centers, there was insufficient faculty representation to include this course in the initial launch of the Professional Selling Emphasis and Minor. However, starting in fall 2012 the department will have five faculty teaching in the sales area (Cummins, Kopf, Boostrom, Roy, and Peltier). Going forward, this six course Emphasis and Minor will be one of the most developed in the nation, and a key component of our mission to enhance sales education at UWW. Relationship to program assessment objectives: The creation of the course is in response to a departmental objective to expand the Professional Selling Emphasis and Minor, and to meet the growing needs of the UWW Institute for Sales Excellence. It is in response to a combination of employer feedback, a review of best practices in sales curricula, and a desire within the department of marketing to reach out and develop relationships with key businesses around Whitewater and beyond. This course is expected to be a linchpin in the sales curricula, and a magnet for attracting high quality students and employers. Budgetary impact: The course will be offered as part of the normal rotation of classes. Because the Department of Marketing was allocated a new 2012-2013 line (Cummins) for the Professional Selling Emphasis and Minor, and the approval of UWW Institute for Sales Excellence, the department is fully staffed with five teaching faculty covering sales courses. As such, no new faculty are required. Course description: (50 word limit) A combination of art and science, negotiation involves securing agreement between interdependent parties. Topics include analyzing and assessing negotiation scenarios, preparing for a negotiation, power and influence strategies, coalitions, and managing conflict. Role-playing, as a key component of the class, offers students the opportunity to develop their negotiating skills. Revised 10/02 3 of 7 Course objectives and tentative course syllabus: Course Objectives One of the biggest challenges to growing a successful business venture is negotiating mutuallybeneficial contracts. Adaptive institutions must build a strong sales pipeline to ensure profitable growth, and only through the proper preparation, implementation, and follow-through of negotiated agreements will these institutions establish and nurture strong buyer-seller relationships. Students will be exposed to wide-ranging topics and the responsibilities that sales organization have with regard to the proper training of its sales staff in the art and science of negotiation. Negotiation is not a win-lose argument, and must instead focus on reaching an acceptable compromise, one that has profit potential for both parties. Students will come to understand the elements of an effective sales negotiation strategy as a key component of an organization’s overall marketing effort and its long-term customer relationship strategy. The course is designed to teach students how to prepare, formulate, implement, and evaluate a sales program from the perspective of both sides of the negotiation equation - - buyers and sellers. A sales person must not only understand the negotiation sales process but also embrace the fact that the ability to negotiate is one of the single most critical success factors of any enterprise, whether new or ongoing. The course covers such complex areas as analyzing and assessing negotiation scenarios, preparing for a negotiation, power and influence strategies, coalitions, and resolving buyer-seller disputes/conflicts. The course will extend the student’s understanding of the impact of negotiations in achieving an organization’s goals. Course objectives include understanding the negotiation process, the relationship between sales and marketing, customer relationship management (CRM), selling scenarios, and issues in recruiting, training, motivating, compensating and retaining salespeople with high-level negotiation skills. The course provides an experiential platform for exposing students to effective scenario-based approaches to facilitate interactive discussion including debates and multiple opportunities to apply the theories that are discussed. The class includes significant roleplaying activities for preparing students to negotiate in multiple settings, including those related to new customers, lost customers, loyal and less loyal customers, and along the relationship timeline. In addition, emphasis will be placed on understanding and developing emotional intelligence and its importance in negotiation and persuasion. Sales Negotiation Skills will help you to… Learn how to control the negotiating arena so that you maximize the likelihood of a positive outcome Create win-win scenarios that have your customers coming back for more Have a plan to ensure you are set-up for success Increase your personal influence, persuasive power and charisma Defeat core buyer strategies and have robust strategies in place to deal with them Reduce buyers monetary obsession and replace it with interest and desire Learn how to effectively use questioning techniques Revised 10/02 4 of 7 Understand how to present your product for maximum impact Build longer lasting and more profitable client relationships Know how to loosen customers that are ‘locked’ into preferred suppliers Be able to convince hesitant customers to buy Know how to uncover real objections and work with your customer to find your solution Discover powerful price negotiating skills Find the subtle techniques that convince customers to buy Understand and leverage opening stances, bargaining areas and walk-aways Know how to trade concessions and maximize variables effectively1 Class Evaluation Although the grading components may vary by instructor, below is one representation of how the course will be conducted. Class Participation (20%): As an interactive course, students are expected to participate in class discussion. Homework or Individual Paper Assignment (20%): Instructor may assign short written assignments throughout the semester or a larger written assignment to be turned in about three weeks before the end of the semester. Tests/Exam (30%): 2 or more tests assigned to evaluate student’s understanding of the required reading material. Role-Playing Assignments (30%): Students will complete 4-5, taped, scenario-based roleplaying assignments. Example of Topics Essentials of Negotiation The Language of Negotiation Distributive Strategy/Tactics Integrative Strategy/Tactics Creating Value Conflict and Dispute Resolution Developing a Negotiation Style Power-Rights-Interests Establishing Trust-Building Relationships The Role and Importance of Persuasion in Negotiation Ethics Creativity, Problem solving, Decision Traps Team and Multi-Party Negotiations Cross cultural Negotiations 1 See No Fear Sales Negotiation Skills. http://www.gaviningham.com/sales-training/no-fear-sales-negotiation-skills/ Revised 10/02 5 of 7 Tacit Negotiations and Social Dilemmas Distant Negotiations Negotiating and Information Technology Bibliography: Journals Journal of Personal Selling and Sales Management Journal of Selling and Major Account Management The Negotiation Journal Negotiation Group Decision and Negotiation Bibliography: Textbooks Negotiation and Dispute Resolution, Beverly DeMarr and Suzanne De Janasz. Prentice Hall, 2013. Essentials of Negotiation, 5th Edition, Roy J Lewicki, Bruce Barry, and David M Saunders, McGraw Hill, 2011 Mastering the ISDA Master Agreements: A Practical Guide for Negotiation, 3/e Paul Harding, Pearson/FT Press, 2010. A Woman's Guide to Successful Negotiating, Second Edition, 2nd Edition. Lee E. Miller and Jessica Miller, McGraw Hill, 2011. Selling: Building Partnerships, 7th Edition. Barton A Weitz, Stephen B Castleberry, and John F Tanner. McGraw Hill, 2009. Value-Based Pricing: Drive Sales and Boost Your Bottom Line by Creating, Communicating and Capturing Customer Value, 1st Edition. Harry Macdivitt and Mike Wilkinson McGraw Hill, 2012. Negotiation Closing Deals, Settling Disputes, and Making Team Decisions. David S. Hames. Sage Publications Inc, 2012. SELL, 3rd Edition. Thomas N. Ingram, Raymond W. LaForge, Ramon A. Avila, Charles H. Schwepker, and Michael R. Williams. Houghton Mifflin/Cengage Learning, 2013. Professional Selling: A Trust-Based Approach, 4th Edition. Thomas N. Ingram, Raymond W. LaForge, Ramon A. Avila, Charles H. Schwepker , and Michael R. Williams. 2008 FT Guide to Business Networking: How to use the power of online and offline networking for business success, Heather Townsend. Pearson/FT Press, 2011. Revised 10/02 6 of 7 Smarter Selling: How to grow sales by building trusted relationships, 2/E. Lambert & Dugdale, Pearson/FT Press, 2011. The Secrets of Selling: How to Win In Any Sales Situation, 2/E, King, Pearson/FT Press, 2010. Revised 10/02 7 of 7