Course

Credit Type:
Course
ACE ID:
WALM-0191
Version:
1
Organization:
Location:
Classroom-based
Length:
3 days (24 hours)
Minimum Passing Score:
70
ACE Credit Recommendation Period:
Credit Recommendation & Competencies
Competency Framework Statement
Lightcast Skills Influencing Skills
Lightcast Skills Communications
Lightcast Skills Operations
Lightcast Skills Negotiation
Lightcast Skills Sales
Description

Objective:

The course objective is to better position attendees for negotiation success with suppliers or equivalent counterparties.

Learning Outcomes:

  • Describe the differences between distributive, trading, and integrative negotiations
  • Examine the psychology behind negotiation concepts, tactics, and procedures
  • Utilize negotiation concepts, tactics, and procedures in practical situations
  • Develop strategic partnerships with suppliers and vendors using advanced negotiation techniques
  • Recognize the key terms related to distributive, trading, and integrative negotiations
  • Explain the Walmart Negotiation Framework and its applications
  • Analyze filmed negotiation simulations to identify effective and ineffective behaviors
  • Recall the Walmart Negotiation Framework.
  • Demonstrate how to apply the Walmart Negotiation Framework in various scenarios
  • Assess the effectiveness of different negotiation strategies and behaviors in real-world scenarios
  • Provide constructive feedback based on the analysis of negotiation simulations

General Topics:

  • How to prepare and plan for any negotiation
Instruction & Assessment

Instructional Strategies:

  • Audio Visual Materials
  • Case Studies
  • Classroom Exercise
  • Coaching/Mentoring
  • Discussion
  • Lectures
  • Practical Exercises

Methods of Assessment:

  • Case Studies
Supplemental Materials
Equivalencies