Red Paper Clip Project
Order Instructions
The goal of this exercise is for you to negotiate a series of five or more trades over the course of several weeks starting with ONE paperclip and ending with something substantially more valuable. Each trade will allow you to practice the negotiation techniques and skills you are learning about in class. You should begin preparing and strategizing how and who you will trade/ngotiate with as soon as possible. You can trade/negotiate with friends, families, co-workers (if apropriate), social media connections, and even each other.
You will start with one paper clip (any size, any color) and then trade up. For example, you may be able to trade your co-worker or best friend the paperclip for a pencil, the pencil for a pen, the pen for a book, the book for a CD, the CD for a DVD, the DVD for a rocking chair, and so forth. Think about your strategy, consider your options, identify your BATNA and think ahead several trades. After each trade you must make an entry in the negotiation log (see attached file) in which you provide comments, reflections and details about the trade. You must insert an image of each item you “traded for” in the image box for each trade. After you have completed all your trades you must finish the assignment by writing an analysis of the project in which you discuss which negotiation strategies worked best for you, what challenges you faced, and what was your most significant take away from this assignment. I’ve included all the details of your assginment in the Negotiation Log.
To get started…watch the videos below to see how Kyle MacDonald started with a red paper clip and traded up to a house! Thereafter, begin to think about your own strategy and negotiation approach for making your first trade with a “paper clip”.
Watch: http://www.youtube.com/watch?v=BE8b02EdZvw
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