20322 - DECISION MAKING AND NEGOTIATION
Department of Management and Technology
Course taught in English
STEPHANE FRANCIOLI
Suggested background knowledge
Mission & Content Summary
MISSION
CONTENT SUMMARY
CONTENT SUMMARY
This course is organized around two complementary skill domains that are central to effective management: negotiation and decision making.
Part I – Negotiation:
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Claiming value: strategies for effective bargaining and influence.
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Creating value: integrative approaches to expand the pie.
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Resolving disputes and managing difficult conversations.
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Communicating and negotiating through different media (in person, online, hybrid).
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Building trust, relationships, and reputation over time.
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Understanding how culture and context shape negotiation dynamics.
Part II – Decision Making:
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What decisions are and why people and groups often make wrong ones.
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Collecting and combining information.
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Making sense of evidence and avoiding common reasoning traps.
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Generating, evaluating, and selecting ideas.
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Understanding how conflict affects group decision processes.
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The role of emotions, values, and ethics in managerial judgment.
Intended Learning Outcomes (ILO)
KNOWLEDGE AND UNDERSTANDING
At the end of the course, student will be able to understand the fundamental principles, concepts, and frameworks of negotiation and decision-making.
APPLYING KNOWLEDGE AND UNDERSTANDING
At the end of the course, student will be able to:
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Prepare and conduct negotiations that create and claim value.
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Adapt their negotiation approach to different goals, relationships, and cultural contexts.
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Identify and evaluate decision options using structured and evidence-based reasoning.
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Navigate cognitive, emotional, and ethical influences to reach sound individual and group decisions.
Teaching methods
- Lectures
- Practical Exercises
- Individual works / Assignments
- Collaborative Works / Assignments
- Interaction/Gamification
DETAILS
Each session includes an activity or simulation (e.g., 1-to-1 negotiation, group exercise, class survey) designed to explore experientially a specific topic or issue. These exercises are followed by a collective debrief combining class discussion and short lecture segments. During the debrief, we analyze the evidence generated in class and connect it to relevant social science research, introducing core frameworks and concepts that help students better understand and navigate negotiation and decision-making processes.
Because this class is highly experiential and discussion-based, active attendance is essential. Each session builds on shared exercises and debriefs, so missing class means missing key learning opportunities; it can also negatively impact other students' learning experience. Thus, attendance is absolutely mandatory, and exceptions will be granted only in exceptional circumstances.
Assessment methods
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ATTENDING STUDENTS
Individual course grades are based on:
- Attendance & Participation (40%). Based on attendance, engagement in class activities, surveys completion, and contributions to discussions.
- Multiple-Choice Questionnaires (15%). Two short quizzes assessing understanding of key concepts and frameworks from class.
- Peer Evaluations (15%). Peer evaluation of preparedness and engagement in group activities.
- Presentations (30%). Two 12-minute group presentations covering a negotiation or decision-making topic not yet covered in the course.
Attendence is mandatory. The Attendance & Participation grade will be reduced by 5 percentage points for each class missed without approved justification, with one exception (“joker”) allowed. Students who miss more than three classes without justification will automatically be reassigned to non-attending student status. Job interviews, administrative appointments, public transport strikes, and similar reasons are not considered valid justifications for absence.
Students may opt out of the attending mode and switch to the non-attending mode at any point before teams for the project work are formed.
NOT ATTENDING STUDENTS
Long, in-class, closed-book mutliple choice questionaire based on:
- Case studies used throughout the class
- Assigned readings
- Slides
Teaching materials
ATTENDING AND NOT ATTENDING STUDENTS
Case Studies: Paper versions provided in class throughout the semester (no digital copies can be provided; non-attending students must arrange to come pick up all the cases in the faculty's office, either prior, during, or after the course but before the final exam; non-attending students abroad can email the faculty to assess whether copies can be exceptionally sent by mail).
Selected Chapters (see syllabus):
- Fisher, R., Ury, W. L., & Patton, B. Getting to yes: Negotiating agreement without giving in. Penguin Books.
- Dobelli, R. The art of thinking clearly: The secrets of perfect decision-making. Hachette UK.
Course Slides: Slides will be posted on Bocconi's online blackboard throughout the semester.