Negotiations: Strategies and Processes for Impactful Outcomes—in Hong Kong

Because little in business (or life) gets done without negotiation, this program has the potential to deliver a significant upside in your professional and personal outcomes.

In this program, you will learn from an extensive set of negotiation experiences in class, practice your skills, and benefit from feedback. The course begins with an introduction to basic negotiation concepts and tactics, followed by a focus on important aspects of the negotiation process—obstacles to effective communication at the bargaining table, the maximization of multiple interests, and tactics for coalition building. In the final session, we put it all together by introducing the impact of social capital on strategic negotiations and exploring negotiations that contain elements of both cooperation and competition.

By attending this program, you will:

• Learn strategies for negotiation analysis and preparing for negotiations.
• Understand different strategic choices (and interpersonal skills) that drive relative success at the bargaining table.
• Know what information is needed to negotiate effective outcomes.
• Engage in a variety of negotiation simulations and receive immediate feedback.
• Experiment with new techniques and test their effectiveness in the safety of the classroom.

Upon completion of the program, participants will receive an official Chicago Booth Executive Education digital badge. This badge serves as a certified online credential of your achievement, and it can be shared on social networks such as LinkedIn.

Location
Hong Kong Campus: The Hong Kong Jockey Club University of Chicago Academic Complex | The University of Chicago Francis and Rose Yuen Campus in Hong Kong

This program is designed to benefit middle, upper middle, and senior level managers, who would like to enhance their influence and performance—both internally in their organizations and externally with other organizations and vendors—by improving their negotiation 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 managers who have been promoted through these routes, will find this program highly beneficial.

Essentials in Negotiations

• Basic concepts and tactics of negotiations
• The cognitive aspects of negotiations

Negotiation Approaches and Styles

• Understanding your own negotiation tendencies and style
• Psychological biases and their impact on negotiations
• Individual differences in negotiation styles
• Time and deadlines in negotiations
• Value claiming versus value creating
• Integrative negotiation and joint gains

Negotiations Tools and Multiparty Negotiations

• Contingent contracts
• Coalition negotiations
• Standards of fairness
• Commitments and threats

Putting It All Together

• Social capital and strategic negotiations
• Schools of bargaining ethics, legal lines, and dishonesty
• Culture and real-world constraints

Heritage Courtyard and Interpretation Centre Tour
Our Hong Kong campus is the home of the Heritage Courtyard and Interpretation Centre. During their time on campus, participants are offered a tour and access to exhibitions highlighting the unique history of the Mount Davis site. More information about the tour will be provided with participants' pre-course materials.

Through this course, I had the valuable opportunity to practice negotiation skills that I don't often encounter in my daily work. This experience has significantly impacted my thinking and approach to negotiation. As the faculty emphasized from the outset, negotiation is a fundamental aspect of our interactions, and I've already begun applying the tools and insights gained from the course to my everyday life.

—Ines Gafsi, Chapter Chair & CEO of Inspiring Girls Hong Kong

I have undertaken a number of professional training courses involving negotiation skills. This one is the most comprehensive in terms of pulling together theory, psychology, and practical elements allowing for conducting a well-structured and potentially more successful negotiation in a variety of situations.

—Eric Davidson, VP, Asia-Pacific-Europe-Middle East-Africa, Modular Mining Systems

I think this session really allows for creating a level of self-awareness about your own style that you might have had. The topic, material, and faculty are world-class and a great investment on my part.

—Glenn O'Brien, Managing Director, Prudential Finance

Content was relevant and eye-opening to carry back to the workplace. Instruction was engaging and paced well to keep energy up while allowing for questions and interaction from the attendees.

—Brian Loudy, District Sales Manager, Rohm and Haas Company

Excellent course! The Chicago analytical approach & great cases relevant to real-world examples is a winning combination.

—Sean Pipkins, Senior Manager, Manufacturing Collaborations, Genentech

The overall value of the course and material brings forth elements of theory and practicality that delivers core details of negotiation to understand the requirements needed by all parties to execute an agreement.

—Craig Kinley, VP of Eng & Net Opts, iPCS, Inc.

This program was top-notch from registration through completion. The subject matter is directly applicable to both personal and professional negotiations. In summary, this class was fantastic. I look forward to my next Chicago class.

—Bradley Lickenbrock, Aerospace Corporate Development, Huntsman Advanced Materials

Very good level of intensity and fast-paced live negotiations. I like the 'uncovering' lecture style so that negotiations aren't overly skewed to the 'right' answer.

—Daniel Carbery, Sr. VP Operations, Endo Pharmaceuticals

The Hong Kong Jockey Club Charities Trust proudly awards scholarships to local social sector executives who seek to enhance their leadership skills. Learn more.