Question 1. Analyze the bargaining power that labor and management would respectively hold in first contract negotiations if the IMU were to win the representation election at First National Bank. Describe what factors will affect bargaining power and the channels through which various factors will exert their influence. In cases where you do not have adequate information to assess the importance of a particular factor on bargaining power, describe what additional information you would need to complete an assessment of bargaining power.
Question 2. Technology and markets in the banking sector have changed a lot over the last 15 years. Identify one change in technology and one change in markets that have occurred over the last 15 years, which likely affected the bargaining power of labor and management in the banking sector. Describe how each change could influence bargaining power.
Question 3. Now suppose that instead of going to an election, the IMU had proposed that a (majority) card check procedure be used to determine whether or not the union had majority support. If you were advising the management at First National Bank, what would your advice be to them regarding the union's request to rely on a card check procedure rather than