Academic MBA Question:
Nmims assignments – Jamshed is about to retire from his position of the union leader at Raycon Industries. The company is one of the largest textile companies in the country and operates 3 different strong trade unions. Jamshed has been leading his ‘balwaan union’ for 7 years and thought that he must get a new leader now. While he is handing over the charges to Chandrakant, he gives a tip ‘collective bargaining is the mantra to succeed without losing a working day’. He also has a long chat with Chandrakant giving him some tips about the gravity of holding bargain power. In light of this case, please list down factors that have an effect on bargaining power of a party in collective bargaining.
Academic Assignment Answer: