Question

Write a 2 page reflective essay on the importance of reconciliation in stakeholder negotiation and conflict resolution.

Answer 1

Reconciliation can be defined as the act of settlement between the disputed parties. It bring the people close to end the conflict.

Whether it's the stakeholders, management or the employees of the company, conflict may take place between any of them. Reconciliation is used to as a strategy to settle these disputes.

Stakeholders are the owners of the company and it is necessary to solve their issues, to fulfill their wishes in order to encourage them to stay in the company. Many times stakeholders and management have different perspective and views in relation to some decision. Then, reconciliation is used by the other directors and stakeholders to reach a solution. Many times conflict arise between the stakeholders and the employees in relation to the bike in salary then the strategy of reconciliation is used to find the middle solution of the conflict.

Many good companies make their reconciliation strategies in advance so that when they need in future to they can immediately implement it and can avoid any long time and conflict between the parties. This way they avoid huge loss which can company have to bear due to the conflict.

Conflict or dispute over the scope of issues has turned out to be innate part of present day authoritative life. Individuals from various social and training foundation work in an association. Individuals working in an association may have distinctive objective and intrigue. Individuals working in association may keep an eye on various over a scope of issues including authoritative legislative issues, hierarchical method, individual inclination or political inclination. It is likewise contended that contention is basic attributes of authoritative life. Job of management is foremost as to arranging the conflict that emerges in authoritative life.