Mgt 445 - Lt Assignment

Third Party Conflict Re origin executive Summary
group D
MGT 445
March 22, 2012
Michael Golojuch

Third Party Conflict Resolution Executive Summary
Mediation is a process where a neutral third-party or a intermediator fosters parties in conflict come unitedly to discuss their conflict and discuss possible solutions on how to thaw their dispute. The mediator will not shoot down sides or submit any decisions for the parties. The mediator enables and empowers all parties to r to each one an chinkment that everyone stinkpot benefit from. Mediation is some(prenominal) voluntary and confidential.
At the mediation, the mediator will:
* Meet with all parties involved
* Meet individually with each party
* Give both parties an opportunity to express their point of situation
* Come up with possible solutions and ideas
whatever of the advantages of mediation:
* Allows both parties to resolve the dispute themselves
* Self-satisfaction with resolutions they develop themselves rather than those that are imposed on them.
* Takes much less(prenominal) time than it would take to complete an investigation and rifle a decision in the regular process.
* In general, mediation is less costly and fast than arbitration or litigation.
The mediator will try to help the parties reach an agreement that is fair and acceptable to both parties.



Some of the issues that could arise during mediation:
* One party does not take to settle in mediation
* The other party does not agree to mediate
* Both parties cannot reach an agreement
If a situation arises where a solution cannot be reached during mediation, then both parties may be subjected to arbitration. The going away between mediation and arbitration are:
* Mediation is less formal, arbitration is similar to court.
* Mediation allows parties to reach a reciprocal decision; in arbitration the decision is made by the arbitrator for both parties.
* Mediation is less costly and smart than arbitration or litigation.
Arbitration is a possible...If you want to get a full essay, order it on our website: Orderessay



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