Explain the Nature of Negotiation as an Alternative Dispute Resolution

question 6

Essay

Explain the nature of negotiation as an alternative dispute resolution method used in a business setting.Include a brief description of the technical rules that govern the operation of the negotiation process,the parties involved in preparing for negotiations,who should conduct the negotiations,and the elements required for a negotiated resolution or settlement to be reached.

---

Definitions:

Deterioration

The process of becoming progressively worse or the decline in quality or condition.

Mental Abilities

The cognitive capacities that include reasoning, problem-solving, planning, abstract thinking, comprehension, and learning.

Old Age

The latter part of life, typically defined as the period of life after retirement, or the ages around or beyond 65 years, characterized by changes in physical, social, and cognitive abilities.

Alzheimer's Disease

A progressive neurological disorder that causes memory loss, cognitive decline, and ultimately, loss of ability to perform daily activities.