BARGAINING POSITION Meaning and
Definition
-
Bargaining position refers to an individual's or a group's relative strength or advantage when engaging in negotiation or bargaining activities. It signifies the leverage and power one possesses during negotiations, influencing the terms, conditions, outcomes, and concessions made during the process.
The bargaining position is determined by various factors that can enhance or weaken an entity's negotiating power. These factors may include financial resources, market share, expertise, alternative options, legal rights, reputation, relationships, social influence, and the ability to walk away from the negotiation.
Having a strong bargaining position enables one to exert more control and influence over the course of negotiations, allowing them to secure favorable terms, concessions, or deals. Conversely, a weak bargaining position may limit the ability to achieve desired outcomes and may result in conceding to less favorable terms or agreements.
The concept of bargaining position is particularly significant in business negotiations, contractual agreements, and labor or trade union discussions. It determines the relative advantage or disadvantage of each party involved in the negotiation process, and the ability to leverage these positions often affects the final agreements. Understanding and assessing the bargaining position of oneself or the opposing party is crucial in strategizing and executing successful negotiations.
Common Misspellings for BARGAINING POSITION
- vargaining position
- nargaining position
- hargaining position
- gargaining position
- bzrgaining position
- bsrgaining position
- bwrgaining position
- bqrgaining position
- baegaining position
- badgaining position
- bafgaining position
- batgaining position
- ba5gaining position
- ba4gaining position
- barfaining position
- barvaining position
- barbaining position
- barhaining position
- baryaining position
- bartaining position
Etymology of BARGAINING POSITION
The word "bargaining" originated from the Old French word "bargaignier", which meant "to haggle" or "to barter". It further evolved from the Late Latin word "barca", meaning "a boat used for trading", and also influenced by the Italian word "barca", meaning "boat" or "ship". The term "position", on the other hand, comes from the Middle French word "position" or Latin word "positio", both meaning "a placing" or "a position". The combination of these words in English gave rise to the phrase "bargaining position", which refers to the advantageous or strategic stance a person or group holds during negotiations or discussions.
Infographic
Add the infographic to your website:
