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.

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Definitions:

Transformational Leader

A leadership style characterized by the ability to inspire and motivate followers to exceed their own interests for the sake of the organization or a larger purpose.

Influence Tactics

Strategies or actions used by individuals or groups to persuade or motivate other people to follow their lead or agree with their ideas.

Logic and Reasoning

The process of forming conclusions, judgments, or inferences from facts or premises, providing a basis for rational decision-making and problem-solving.

Managerial Talent

The skills and abilities possessed by individuals that enable them to effectively lead and manage teams or organizations.