BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Mediation is the facilitation of a negotiated agreement by a neutral third party who has no decision-making power. Mediation is now recognised as one of the quickest and most cost-effective ways of resolving a dispute and is the most common form of ADR.

Detailed explanation-2: -Mediation is the process where a neutral third party (usually a professional mediator) helps disputants to resolve their dispute. Mediation is usually more formal than negotiation but less formal than arbitration.

Detailed explanation-3: -Mediation is a voluntary and private process in which a neutral third party (the mediator) facilitates the discussion and identification of issues between the disputants, the development of alternate solutions, and the non-directed negotiation of a mutually satisfying outcome to the dispute.

Detailed explanation-4: -Mediators. A mediator is a neutral, third party who helps facilitate a negotiated solution.