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Negotiation and Strategic Relationships

Unit Code: HEI841




Duration

Contact Hours

Campus

Prerequisite

Corequisite

1 Semester

36 hours of contact in weekly or block mode

Hawthorn

Nil

Nil

Credit Points: 12.5 Credit Points


Related Course/s:

A unit in the Master of Entrepreneurship and Innovation suite.

Aims & Objectives:

On completion of this course students will understand the following:
  • Principles of networking
  • Benefits of forming strategic relationships
  • How to identify and create a network alliance strategy
  • Protecting your Intellectual Property (IP) and managing the process
  • Negotiating a negotiable agreement

Teaching Methods:

Lectures, Group exercises, Individual and Group Assignments

Assessment:

Individual Case Analysis/ Assignments 60%,Group Assignment 40%

Generic Skills Outcomes:

Learning outcomes include:
  • An understanding of the importance and contribution of networking.
  • An appreciation of the different forms of strategic relationships and their risks and rewards.
  • An improved awareness and understanding of their current negotiation approach.
  • A coherent and comprehensive theoretical framework for understanding the process of negotiation.
  • A versatile and systematic model for preparation for negotiation.
  • A concise checklist for setting goals and evaluating success in negotiation.
  • Best practice strategic guidelines for getting results in negotiation.
  • Improved communication techniques for implementing negotiation strategies.
  • An enhanced ability to deal with difficult negotiation counterparts.
  • A model for understanding the source of all behaviour – including conflict in negotiation – and the internal tension that affects each party's negotiation behaviour.
  • An understanding of how internal balance ('compassionate strength') can be maintained or regained during difficult negotiations.
  • A set of powerful tools for moving beyond deadlock situations.

Content:

The purpose of this course is to provide the appropriate alliance strategies to expand a business. During this course students will learn skills in networking, negotiation, alliance strategies and how to protect their idea throughout the process.

Topics covered during the unit:
  • Networking techniques
  • Forms of strategic relationships and their management issues
  • Forms of negotiation and processes for generating a negotiable outcome

Textbooks:

Reference material and prescribed texts are listed in the subject outlines each semester.

Recommended Reading:

Fisher, Ury & Paton, Getting to Yes, Random House, 1991
Various Harvard Business Reviews on Strategic Alliances, Harvard Business School Press, 2002

References:

Refer full Subject Outline on Blackboard.