Business Skills - Alternative Dispute Resolution Technique - Essay Example

The ADR may be obtained by various methods like meditation, negotiation, arbitration, mini-trials, summary jury trial, private judges and judging, etc. In the case of meditation, the mediator is used which does not belong to any party of the dispute. This person coordinates with both the party and asks them to settle down the problem in an acceptable compromise for all the parties.

In the arbitration method, a person or a group gives a decision according to the facts provided by the parties. This decision may be accepted by the parties according to the rules.

In mini-trials, the decision is taken after the submission of a summary is presented to the higher officials who are allowed for deciding the case. After thinking about the conditions and facts, the officials try to find a settlement that is acceptable to all.

In the summary jury trial method, a short assessment is rapidly taken place. The parties and the jury are guided by a neutral third party or person who guides them to take decisions through settlements. This help to reduce the conflicts between all the parties and the jury and all the disagreement.

There is another method using private judges. By this method, a judge is employed to taking the decision. This judge has to be worked as a judge earlier. This process is a costly method and both parties settle down for the compensation for this process expense. The judge hears the case and settles down the dispute.

The other method of ADR may be through the law and using courts. The parties have to settle down the issue of conflict in the judiciary. This method is very expensive and thus the above methods of arbitration, summary jury trials, etc. are considered effective methods of settling disputes. Through all these methods disputes related to property can be solved down effectively. The ADR is a very effective method to sort out property conflicts.

The ADR technique is a very advantageous and applicable method to sort out business and property issues. The advantages of ADR are cost-effectiveness, speedy process, time-saving, and short process. By using this technique the decisions are taken according to the facts which are presented by the parties, so the decision is fair and can be treated as applicable to all parties. There are many other advantages also like flexibility, privacy, economy, diversity, efficiency, informality, etc., and many other resembles these features. Thus the ADR technique is considered an undisputed technique for the resolution of conflicts in business as well as other matters like property issues also.