What is merit and demerit of negotiation?

Answer 1

The merit of negotiation lies in its ability to facilitate mutually beneficial agreements, fostering collaboration and understanding between parties. It can lead to creative solutions that may not be possible through adversarial approaches. However, a demerit is that negotiation can be time-consuming and may result in compromised outcomes that do not fully satisfy all parties involved. Additionally, power imbalances can lead to inequitable agreements, undermining the negotiation process.