By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: How upcoming business leaders are using AI to prep for high-stakes deal negotiations—and everyday interactions 
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > Business > How upcoming business leaders are using AI to prep for high-stakes deal negotiations—and everyday interactions 
Business

How upcoming business leaders are using AI to prep for high-stakes deal negotiations—and everyday interactions 

By Viral Trending Content 4 Min Read
Share
SHARE

At American University’s Kogod School of Business, students learning the art of negotiating are getting a little help from AI. 

Over the past year and a half, Alexandra Mislin, professor of workplace diplomacy, has been incorporating AI into her curriculum increasingly each semester. Specifically, she’s guiding students in how to use AI chatbots to prepare for and practice negotiations big and small — both for current circumstances they’re facing now and situations they may encounter later on in business and in their careers. Every student at the school has access to Perplexity Pro, and she’s tapped ChatGPT as well, even creating a custom GPT for building negotiation skills that she continues to tweak and improve.  

“I want my students to think about how these tools can help them to prepare for a negotiation, how they can help them practice their negotiations, and how they can support them when they’re stuck in negotiations,” she said. “It could be for that bigger moment, but a lot of times, it’s all the steps leading up to it.”

Many of the students have jobs or internships outside of the classroom, so Mislin encourages them to use AI to track strategic or important interactions that come up for them. At the same time, they can also keep the chatbot informed of the broader objective they’re trying to achieve, such as getting an offer for a full-time role at the end of the internship. Together, this allows students to keep a running tab of how everyday negotiations—the sort of conversations that build and lead to bigger opportunities—are unfolding, so they can better strategize to achieve their goals. 

Another exercise involves having students use AI to prepare for a specific negotiation, either real, like a job negotiation, or hypothetical, like a major business deal or merger. They can talk through their argument, assumptions they may be making, aspects of the situation they may be overlooking, the pros and cons of responding in different ways, and ask for feedback — similar to how some corporate executives today are prompting AI to offer feedback and poke holes in their logic. Taking it a step further, students can use AI to practice negotiating, giving the chatbot personas and actually playing out different scenarios. 

“[WIth AI], they can be assigned to more counterparts — other hypothetical counterparts than the people in the classroom,” she said, referring to the traditional practice of randomly assigning students to do mock negotiations with each other. “Sometimes in the past, they’ve been able to negotiate with students at other universities or in other cultures, but now you can simulate a fair amount of that.”

This is all in addition to the traditional approach for teaching negotiation techniques, which includes learning theories behind human behavior and interactions, facilitating mock negotiations among students, and analyzing both objective results and subjective feelings about those negotiations. But Mislin does see benefits she believes AI can uniquely offer, in particular AI’s ability to hold a mirror up to student’s negotiation strategies and offer targeted feedback (which she does make clear they should evaluate with critical thinking, and that AI is not always right). 

“Finding where your assumptions fall short, putting yourself into the shoes of the other party, considering where you are missing questions or curiosity—I think [AI] really does help a lot with that,” she said. 

You Might Also Like

JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays

White House warned staff against betting on futures markets amid Iran war, official says

Only five ships crossed the Strait of Hormuz Thursday, far below Iran’s pledge as negotiations begin

TReDS tweak to ease MSME credit flow amid global pressure

1 FTSE 250 stock I like and 1 I’ll avoid after the stock market correction

TAGGED: bbc business, Business, business ideas, business insider, Business News, business plan, google my business, income, money, opportunity, small business, small business idea
Share This Article
Facebook Twitter Copy Link
Previous Article Bose Headphones Go Lower Than Black Friday, Cyber Monday Price Hits New Record Low
Next Article Marvel Cosmic Invasion Review – Against the Tide
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays
Business
Apple AI Pin Specs Leak: Dual Cameras, No Screen & More
Tech News
A ‘glass-like’ battlefield: German Army chief on the future of warfare
World News
Polymarket Sees Record $153M Daily Volume After Chainlink Integration
Crypto
Natasha Lyonne Then & Now: See Before & After Photos of the Actress Here
Celebrity
Cult Hit Doki Doki Literature Club Fights Removal From Google Play Store Over ‘Depiction Of Sensitive Themes’
Gaming News
Dead as Disco Launches Into Early Access on May 5th, Groovy New Gameplay Released
Gaming News

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Investing £5 a day could help me build a second income of £329 a month!

JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays
April 10, 2026
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?