The Negotiation Of The Furniture Store And My...

In this particular instance, from my perspective as the furniture manufacturer, I believe that negotiation would be the best means by which to solve the problem. By using negotiation, the furniture store and my manufacturing business may be able to reconcile and continue dealing with each other after we have resolved the issue. With negotiation, the tone is not very formal, outside legal counsel is not required, and the parties to negotiation set their own terms, making it more cost effective and quicker than other methods. By comparison, in the case of arbitration or litigation, the proceedings are far more formal and expensive, the process takes much longer, and in the case of litigation in particular, the decisions of a trial are†¦show more content†¦This may lead to customers getting angry and withdrawing from purchasing anything from the furniture store. Therefore, due to the potential harm the holdup may cause, I would offer a formal apology to both the store owner and the store’s customers in this situation. An apology letter may calm the customers down and may keep them motivated to remain on the waiting list. Since apology law protects this from being seen as an admission of guilt in Ontario, this may help to facilitate reconciliation. Upon negotiating, I would agree to offer some of the money lost, and would I would also assure that a written contract with the supplier will be created so that I can assure the store owner that an issue such as this one will not occur again. It’s not likely that the furniture store would be able to fight my business â€Å"all the way to the Supreme Court of Canada†. The simple fact of the matter is that in any legal action, there is no inherent right to the Supreme Court. Only very few cases get heard by the Supreme Court, and they are often the ones that deal with very serious injustices, and usually pertain to criminal matters. Thus, one type of case they would be very unlikely to hear is a breach of contract case involving two small businesses. As well, a significant proportion of civil cases do not move past the Discovery stage and actually proceed to trial. After a settlement is made before moving to trial, it is impossible for the case to be heard by any court ofShow MoreRelatedBusiness Case Analysis1001 Words   |  5 Pagesthis particular situation, from my perspective as the furniture manufacturer, I believe that negotiation would be the best means by which to solve the problem with the store owner. By using negotiation, the furniture store and my manufacturing business may be able to reconcile and continue dealing with each other after we have resolved the issue. With negotiation, the tone is not very formal, outside legal counsel is not required, and the parties to negotiation set their own terms, making it generallyRead MoreManage Risk6369 Words   |  26 Pagesthrough preemptive action. b) Risk management: The identification, analysis, assessment, control, and avoidance, minimization, or elimination of unacceptable risks. c) Risk appetite: The amount a business is willing to place at risk in the pursuit of its objectives d) Risk capacity: The amount a business is capable of loosing before it endangers its own sustainability 2. Comment on the following saying in relation to the risk management policies and practices of an organisation: â€Å" OrganisationsRead MoreIKEA Managing Cultural Diversity P Essay9330 Words   |  38 Pagesover the last 25 years in doing what 110 furniture distributor has ever attempted: to become a global player in an industry formerly considered by na ¬ture to be local. 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