Definitions
- Referring to the process of acting as a middleman or intermediary between two parties in a business transaction. - Describing the role of a broker or agent who facilitates a deal between two parties. - Talking about the act of connecting buyers and sellers in a market or exchange.
- Referring to the process of resolving a dispute or conflict between two parties through the assistance of a neutral third party. - Describing the role of a mediator who helps facilitate communication and negotiation between two conflicting parties. - Talking about the act of finding a compromise or solution that satisfies both parties involved in a dispute.
List of Similarities
- 1Both involve the presence of a third party.
- 2Both aim to facilitate communication and negotiation between two parties.
- 3Both can be used to resolve conflicts or disputes.
- 4Both require impartiality and neutrality from the third party involved.
- 5Both can be used in a variety of contexts, including business, legal, and personal matters.
What is the difference?
- 1Purpose: Intermediation is focused on facilitating a transaction or exchange, while mediation is focused on resolving a conflict or dispute.
- 2Role: Intermediation involves a third party who connects two parties, while mediation involves a third party who assists in resolving a conflict.
- 3Outcome: Intermediation aims to reach an agreement or deal between two parties, while mediation aims to find a compromise or solution that satisfies both parties involved in a dispute.
- 4Context: Intermediation is typically used in business or financial contexts, while mediation is more commonly used in legal or personal matters.
- 5Approach: Intermediation may involve more direct involvement in the transaction or exchange, while mediation involves a more hands-off approach to allow the parties to come to a resolution on their own.
Remember this!
Intermediation and mediation are both processes that involve a third party to facilitate communication and negotiation between two parties. However, the main difference between the two is their purpose and outcome. Intermediation is focused on facilitating a transaction or exchange, while mediation is focused on resolving a conflict or dispute. Additionally, intermediation is typically used in business or financial contexts, while mediation is more commonly used in legal or personal matters.
