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List and Define the Five Dimensions of Bargaining

question 9

Essay

List and define the five dimensions of bargaining.


Definitions:

Organization's Purpose

The fundamental reason for an organization's existence, often reflected in its goals, mission, and the value it aims to provide to stakeholders.

Organization's Mission

A statement that outlines the purpose, goals, and values of an organization, guiding its strategic decisions and operations.

Unrelated Diversification

A corporate strategy where a company expands its business operations into markets or products that are not related to its existing business units.

Related Diversification

A strategic approach where a business expands into areas that are related to its existing operations to leverage synergies and existing capabilities.

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