StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

International trade - Essay Example

Cite this document
Summary
Union members had been loyal to them to the extent that they accepted a cut in their wages two years ago to help Custer stabilize but their employers misunderstood the loyalty. I could use…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.9% of users find it useful
International trade
Read Text Preview

Extract of sample "International trade"

College: International Trade The real problem is refusal by Custer’s officials to increase wages and fringe benefits. Union members had been loyal to them to the extent that they accepted a cut in their wages two years ago to help Custer stabilize but their employers misunderstood the loyalty. I could use collective bargaining strategy to make Custer officials accept my offer. Collective bargaining negotiation between the labor union and Custer officials would constitute an exceptional ground in a common negotiation field.

Collective bargaining negotiation is regulated and managed by external rules (Oraro 97). Consequently, I would involve National Labor Regulation Act (NLRA) senior officials as external forces to help bring sanity in the negotiation process because Custer is a private sector organization and is therefore regulated by NLRA. I would advice union members not to report to duty and stay calm if Custer’s officials staged a lockout for a day. If union members were to go on strike and the court gives an injunction against the strike, I would appeal against the injunction and pursue the strike agenda until the members’ grievances are addressed by Custer officials.

The major advantage of collective bargaining negotiation is that its multi-factor aspect necessitates furnished negotiation research that is important (Oraro 106). However, political nature of union officials may make collective bargaining negotiation a nightmare because union officials forget this political aspect thus embarrassing their members publicly. The real problem is the fact that union members have turned down the offer of salary reduction that would be followed by reinstatement of the current salary figure and a further three percent increment in their wages.

I would use interest based bargaining technique to force union members to accept my offer. The advantage of this is that both the union and the employers could use separate factions to consider the dissimilar options that might be undertaken to address the matter at hand. The meetings can be held away from the public and thus advocate for options that had not been used before. The major disadvantage of this is the difficulty with which to determine if certain topics are compulsory bargaining topics that have to be discussed with the union (Oraro 113).

A call for a strike by the union would disrupt work schedule and probably lead to poor financial results. Interest based bargaining does not mean that one party gives in to the demands of the other. This would consequently mean that the company must not accept the demands of the union even if they called for a strike. Every party’s interest must be considered in this strategy. I could call in a legal body to assist in the negotiation process because it can rightfully effect the previous decision despite any objection by the union.

Works CitedOraro, Terry. Labor Union Regulations. New York, NY: Schocken Books, 2001. Print.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“International trade Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Retrieved from https://studentshare.org/business/1595442-international-trade
(International Trade Essay Example | Topics and Well Written Essays - 250 Words)
https://studentshare.org/business/1595442-international-trade.
“International Trade Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/business/1595442-international-trade.
  • Cited: 0 times

CHECK THESE SAMPLES OF International trade

Business - International Trade

international trade Name: Institution: An example of a safe guard imposed by the USA A safe guard is a technical term used by the international trade organization, (Brown, 2008).... It is used to restrain international trade so that a certain home industry can be protected from international or foreign competition.... A safe guard restrains international trade.... The United States trade Representative asked the US international trade Commission (ITC) to begin an official safe guard investigation, under section 201 of the US trade laws....
3 Pages (750 words) Assignment

International Trade Policy

This paper "international trade Policy" focuses on the fact that no country can exist in isolation, global interaction is essential for survival and existence.... The policies or regulations that essentially govern and deal with defining the international trade between countries are known as the Foreign Trade Policy or international trade Policy.... The following paragraphs highlight the main aims and objectives of the international trade policy relating to the export of goods and services [7, 9]....
5 Pages (1250 words) Case Study

International Trade - Definition, Meaning

 This paper discusses the controlling of rapid growth in the trade deficit.... The paper considers trade involves the exchange of goods or services for cash or on credit.... There are several other activities, which facilitate trade, and these along with trades are known as commercial activities.... nbsp;  Commerce includes all those activities, which are connected with trade and auxiliaries to trade such as transport, warehousing, insurance, and banking and finance....
6 Pages (1500 words) Term Paper

International Trade Operations

This report provides an insight into the payment risks involved in international trade activities.... … The report international trade Operations has been designed and formulated for ABC Ltd, which is a medium-sized company engaged in manufacturing electronic goods in UK and exporting them to both developed and developing countries.... This issue has been chosen as the central objective of this report and therefore, assessing various payment risks underlying the operations of the company concerned in international markets, this report highlights the crucial steps that need to be taken by ABC Ltd to reduce these risks to the extent that can enable the company to minimize the probability of incurring loss in the course of international trade....
12 Pages (3000 words) Essay

International Trade and Protectionism

In the paper “international trade and Protectionism” the author analyzes protectionism, which seems to have once again grabbed the interest and attention of the developed nations.... Vying for protectionism in such tough times could give way to a vicious spiral in the international trade in the form of retaliatory measures by the affected nations.... This will unnecessarily sustain the non-competitive local industries and may give way to trade wars that will jeopardize the international trade....
5 Pages (1250 words) Assignment

International Trade Simulation Assignment

This theory combines both comparative international trade Simulation The international trade simulation explaining the effect of comparative advantage of two countries trading together.... The Spatial Economy: Cities, Regions and international trade.... This built using economic theory known as Heckscher-Ohlin theory emphasizes trade ruler educational game.... This built using economic theory known as Heckscher-Ohlin theory emphasizes trade ruler educational game....
1 Pages (250 words) Essay

International trade theory

On the other hand, if a country imports more than what it produces… Based on the theory of absolute advantage, Adam Smith clarified that, it is possibility for a country to make higher production than an opponent international trade theory and policy Several theories have been in put in place by governments in trying to enhance the economic stability of their nations.... Lecture notes on international trade theory and policy.... Ghana being 4 times more efficient in cocoa productivity than Korea who specializes in rice gives absolute advantage of each other in trade negotiations....
1 Pages (250 words) Essay

International Trade Growth

This essay "international trade Growth" uses a comparison of economic growth for two model countries from both extreme economic class ends to demonstrate the real picture on the ground.... ldquo;…following the Dubai World debt announcement made last year, a new report by Business Monitor international has predicted… while it expected the UAE to return to growth this year following an estimated 2.... A World Bank “Doing Business” report released in November 2010 ranked Dubai as the third best global economy offering the necessary environment for international trading....
9 Pages (2250 words) Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us