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Lecture

4bc3 - coll barg

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Department
Commerce
Course
COMMERCE 4BC3
Professor
Philip Rose
Semester
Winter

Description
Reading 12 The Role of the EnvironmentA conceptual Framework3 influences of the external envt 1 Economic context2 Technological context 3 Locus of power Bargaining PowerTotal power concerns the profits that are available to labor managementmore powermore profit that are available for labourmngt to divide up o Influenced by the degree of competition facing the employerthe state of the economyRelative power the relative strength of labourmngtthe ability of either side to gain a larger share of a given amnt of profit o Influenced by unionits membs abilities to wdraw their labour through a strike OR workingtorule the blue flu largescale absenteeismo Rel power is measured by the amount of strike leverage ea party holds The Economic ContextBarg Power 1 Microeconomic influences on Total Competitive conditions exerted on the firmThe greater the market power of a firm the greater the profits earnedmarket power is affected by the degree of domesticintl competition Barg Power 2 Microeconomic influences on Relative Partie
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