Negotiation process: use a third party, national arbitration, global mediation
Not what you're looking for?
Question:
Many times in the negotiation process the two parties may become stuck. At this juncture, it may be time to request a third party to help resolve situation.
a. State a reason to use a third party
b. State advantages and disadvantages of using a third party.
c. Describe a recent global, national arbitration
d. Describe a mediation (global or national)
Purchase this Solution
Solution Summary
Using bullets, the first two questions are answered with long lists of reasons why to use a third person, including advantages and disadvantages. Following are two recent examples of sucessful arbitration and a second case in mediation.
Solution Preview
a. State a reason to use a third party
? You're involved in a dispute with a key executive and would like to resolve it privately, without publicity ...
? You're enmeshed in a bitter dispute with a customer and would prefer to resolve it in a way which can best preserve the relationship ...
? You're in the middle of a lawsuit which seems to be going nowhere fast, but is resulting in mounting costs ...
? You're spending time on lawsuits, rather than focusing on business ...
? Your client is seeking to put litigation behind them, but the other side continues to make burdensome discovery demands, and the motion practice has become endless ...
? You're involved in a dispute with another member of your family owned business and you would like to find a solution despite the strong emotions which are running high ...
? You're in the middle of a "bet your company" lawsuit, and you're concerned about placing that bet with twelve strangers in the jury box ...
? Or, you're involved in a relatively small dispute, which you'd like to resolve, but are concerned that the amount in dispute does not justify bringing a lawsuit ...
b. State advantages and disadvantages of using a third party.
As more and more litigants discover each day, litigation is often an ineffective and inefficient way to resolve disputes. Thus there is a trend among companies and lawyers toward increased use of third-party.
Third-party provides the following benefits:
? Virtually no risk
? Non-exclusive approach - may mediate at outset or during litigation or arbitration
? Very short ...
Purchase this Solution
Free BrainMass Quizzes
Organizational Leadership Quiz
This quiz prepares a person to do well when it comes to studying organizational leadership in their studies.
Team Development Strategies
This quiz will assess your knowledge of team-building processes, learning styles, and leadership methods. Team development is essential to creating and maintaining high performing teams.
Business Ethics Awareness Strategy
This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.
Introduction to Finance
This quiz test introductory finance topics.
Transformational Leadership
This quiz covers the topic of transformational leadership. Specifically, this quiz covers the theories proposed by James MacGregor Burns and Bernard Bass. Students familiar with transformational leadership should easily be able to answer the questions detailed below.