Mutual Gains Bargaining (MGB) is an approach to collective bargaining intended to reach win-win outcomes for the negotiating parties.
Instead of the traditional adversarial (i.e., "win/lose") approach (also known as "positional bargaining"), the mutual gains approach is quite similar to Principled Negotiation (first described by Roger Fisher in his book Getting to YES), where the goal is to reach a sustainable (i.e., lasting) agreement that both parties (or all parties in a multi-party negotiation) can live with and support.
Mutual gains bargaining has been used successfully in such areas as labor-management relations and environmental negotiations.
Read more about Mutual Gains Bargaining: Some Principles of MGB
Famous quotes containing the words mutual and/or gains:
“It is with such eyes ... that a pair of angels exiled among men ... gaze at one another in mutual recognition.”
—Stendhal [Marie Henri Beyle] (1783–1842)
“One who falls in a pit, gains in wit.”
—Chinese proverb.