Describe the following conflict resolution strategies:
1Negotiation
2 Mediation
3 Conciliation
4 Arbitration
Make it short
1. Negotiation: A process in which parties involved in a conflict engage in discussions and compromise to reach a mutually agreed-upon solution.
2. Mediation: A neutral third party facilitates communication and discussion between conflicting parties to help them find a resolution that meets their needs and interests.
3. Conciliation: A third-party intermediary works with conflicting parties to promote understanding, build trust, and facilitate dialogue in order to reach a resolution.
4. Arbitration: A process where a neutral third party makes a binding decision after considering arguments and evidence presented by conflicting parties.