(Revised from original 2001 version)
Illustrates the potential sources of value creation as well as practical barriers to its achievement. Students analyze five brief scenarios that would yield efficient trades over valuation, discount rates, expectations, and risk tolerance, but that might be thwarted by strategic behavior, misaligned frames, interpersonal conflict, or poor process management. In-class discussion prompts deeper understanding of the tensions between creating and claiming value in negotiation.
Keywords: Negotiation Deal;
Wheeler, Michael A. "Deal-crafting Toolkit." Harvard Business School Exercise 801-201, September 2010. (Revised from original June 2001 version.)