Describe 1 to 2 benefits and 1 to 2 risks of each of the three alternative dispute resolution methods: negotiations, mediation, and arbitration between the stakeholders. Support your description with specific examples.
In your responses to two peers, recommend appropriate risk-minimizing strategies for the conflict negotiations. Your responses should be based on your initial post and your analysis of potential means of dispute resolution and legal ramifications.
This assignment will help inform Section VI, C of your final project.
One of the appropriate risk-minimizing strategies for conflict negotiations is focusing on value creation. A value-oriented mindset can lead to win-win outcomes for both parties. Therefore, it is crucial to identify areas where interests between disputing parties may overlap to ensure their satisfaction. Another strategy for minimizing risk in conflict negotiation is recruiting an ombudsman. They effectively assist with resolving workplace complaints by being independent and fostering trust and transparency in the process. Additionally, an ombudsman alleviates risks by addressing conflict early to prevent lawsuits and escalation of the issue (Nikfarjam, 2015).
