What is Arbitration?

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#arbitration

[@sudu642]

Thanks a lot sir ❤

[@managementtutorials]

Please subscribe

[@SURENDARKUMAR-wp1wx]

jaise Gaon me Koi Dispute hota hai to woh Panchayat k pass jate hai panchayat ke Mukhiya jo decision lete hai woh Manya hota hai.. it seems similar to that.. angreji me Usey ARBITRATOR keh sakte hai. it is similar not same

[@managementtutorials]

Exactly, please subscribe

[@ayutshisode7835]

Mukhiya lalchi hota hai😂

[@Sweety-mo6yq]

​@@ayutshisode7835not at all

[@Sweety-mo6yq]

I mean not every head person means mukhiya is greedy You can't say like this I hope you understand

[@Nitin__yadav__]

Sir for your kind information you just copy paste from google

[@Natimeme-zv7ql]

Good boy

[@managementtutorials]

Detailed video on arbitration and conciliation kzbin.info/www/bejne/jZ68hnyIpZ1maJosi=Q_ZbXYgUiOMeAs-Z

[@TheSoloExpat]

English

[@managementtutorials]

Okay

[@DarkSouL_7996]

And how is it different from Conciliation?

[@managementtutorials]

Conciliation is an informal process that allows parties to settle a dispute without going through court. Arbitration is a formal process in which a neutral third party (an arbitrator) decides on a settlement.

[@DarkSouL_7996]

@@managementtutorials OK thanks.