Power lies with the Influential..

Bargaining power as a concept has come into the limelight in the recent past but it has been in existence since the very beginning of mankind. This power to bargain has always showed its signs in any form of business whether in the system of barter or trade or in any form of contract.
This bargaining power has always resided with individuals and organisations that have an edge over the other party in the sense that one of the parties dreadfully needs what the other party is offering. It is not always necessary that one of the parties needs something desperately, it could also be that the product is not available with anyone else or the quality of the product is the best with that particular party or as in the case of individuals the skills and experience of that person cannot be replicated.
This often leads to a onetime non-negotiable offer. It is always given by that party which is in a more advantageous position as compared to the other party. In this offer, the terms and conditions of the contract are stipulated by that party and have to be accepted by the other party if the contract has to be made good.

Some examples could be as follows:
1. Generally when corporate executives switch their jobs, they are in the receiving end and they define the terms of the contract as the company requires the services of the executive.
2. People with specialized skill and knowledge are mostly in the receiving end as they are scarce in number and their services are of utmost importance like deep-sea divers, exploration experts, drillers, etc. Suceesion Planning is generally carried out in firms for these individuals.
3. When the economy is not booming or is in a recession, then the organisations are in the receiving end as the employees are at their mercy and hiring is also stopped.
4. The transfer of Christiano Ronaldo from Manchester United to Real Madrid for a staggering sum of 80 million Sterling Pounds could be termed as a non-negotiable offer in which the individual as well as the previous team both were in the receiving end.

In the above stated case, Darrell Hair could make such a onetime non-negotiable offer because he was one of the elite umpires in the ICC panel and was also one of the most experienced ones of the lot. Being one of the oldest umpires he had the capacity and audacity to make such an offer because of the following reasons:
1. ICC could not terminate his services only because of one faulty decision as the decisions take on the field are totally subject to one’s perception at that point of time.
2. The ICC could not assign him many matches further on because of the ball tampering controversy.
3. He also knew that if he retired now he could be able to save his face while ICC could also put an end to the controversy.

I would be able to make such a non-negotiable offer to my employer if I become a top executive in the corporate world or I possess some specialized skill and knowledge which are very difficult to acquire and find.

If I were to receive such a onetime non-negotiable offer from my employer I would first take into account the economic conditions of the business world. If the situation is good and the economy is not in a recession, I would look in further else I would take the offer. Then I would look into the prospects of the job being offered by the employer. If the job prospects are very good and the career path is well-defined, I would take the offer else I would look for more offers from other organisations and take up the best one.