Final answer:
The answer is interest-based bargaining, which aligns with the win-win philosophy and aims at building positive, long-term relationships, playing a crucial role in the field of organizational psychology.
Step-by-step explanation:
Interest-based bargaining is a negotiation strategy that involves both parties in a discussion to find mutually beneficial solutions. It is based on a win-win philosophy and the aim is to develop positive, long-term relationships between the involved parties. This approach is different from traditional bargaining methods, which often involve a win-lose situation where one party's gain is the other party's loss.
This concept aligns with industrial and organizational psychology, specifically the organizational psychology branch, which is concerned with employee relationships and organizational culture. It is also reflective of procedural justice, which emphasizes fairness in the methods used to reach organizational decisions and outcomes, contributing positively to job satisfaction. Consequently, this form of bargaining can lead to better workplace relations, improved morale, and increased productivity.