A different point of view in collective bargaining: legal perspective versus business perspective
Chutinon Putthiwanit and
Sawitree Santipiriyapon ()
MPRA Paper from University Library of Munich, Germany
This paper aims to describe the different point of view in collective behavior between legal context and business context. As in business context, in which collective bargaining concerns about a monetary system, a group of farmers can use collective bargaining as a tool to deal with injustice negotiation. Nowadays, a number of goods and services produced/provided are discovered to be determinate; namely, higher or lower wage of the workers, resulted from winning or losing the collective bargaining will affect to the price of goods sold or services provided. Collective bargaining is not an obsolete idea. The way to use it advantageously is depended on how much power bargainers realize they have. The strategy of collective bargaining in both legal and business perspective may be similar in some ways; but however, the format of conducting it may be different. In conclusion, to sustain the relationship between employees and employer or buyers and seller is to maximize both parties profit. When the needs of both parties are fulfilled, the outcomes will generate benefit for the society and all stakeholders.
Keywords: Collective Bargaining; Bargaining; Business Negotiation; Legal Negotiation; Negotiation; Labor Law; Employment Law; Law (search for similar items in EconPapers)
JEL-codes: M19 M54 M51 K31 J83 (search for similar items in EconPapers)
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