Multi perspective approaches to understanding organizations is vital and enhances understanding operations as well as avenue to apply acquired knowledge to improve organization’s performance. The adoption of this discipline can be traced to historical management where practitioners embraced Scientific Administration as a way of running societies. For instance‚ Henri Fayol (1949) and Winslow Taylor (1911) were highly honored as the pioneers of multi perspective approaches to management as their systems
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Specific Relief Act‚ 1963 * Quasi – trustee - Promoter is neither an agent(as principal not in existence) nor a trustee(trust not in existence) of the company but has certain fiduciary duties under Companies Act. He is a quasi – trustee of the company FIDUCIARY POSITION OF PROMOTER * Promoter stands in fiduciary relation to the company he promotes‚ as indicated below: 1. Not to make any profit at the expense of the company‚ directly or indirectly. If this rule is violated‚ company may
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Introduction The concept of fiduciary obligations or duty is one of the most important areas in Australian law. In this project‚ I will try to illustrate and explain the duties in three kinds of relationships including the relationship between a director and a company‚ the relationship between the promoters and the corporation and the relationship between business partners. In each relationship‚ what kinds of the fiduciary duties should be performed is elaborated in details. The aim of the project
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Multi-Perspective Approach in Organization Theory Name: Instructor: Course: Date of submission: Introduction For one to have a better insight of organization theory‚ the phenomenon should be studied in different approaches (Cooper & Burrell‚ 99). Various dimensions of thinking result in different theories and concepts. In this paper‚ multiple perspectives are examined‚ which entails: modernism‚ symbolic-interpretive‚ and post modernism. Also discussed in this essay is the impact and
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‘The director of a company owes a fiduciary duty to the company’. Do you agree with this statement? Introduction A company is a distinct legal entity created by statute. Companies have many of the same legal rights and obligations as do individuals. They can own and sell property‚ they can hold profits or acquire debts‚ they can enter into contracts and sue or be sued‚ and governments can tax them. Companies are advantageous primarily because they become legal entities that are separate and
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May 8‚ 2012 Beneficence in Medical Ethics The principle of beneficence is found in the Hippocratic Oath‚ which provides that “physicians will apply dietetic measures for the benefit of the sick according to (their) ability and judgment; and to keep the sick from harm and injustice.” (Jonathan F. Will‚ 2011) Our textbook claims that the Hippocratic Oath expresses an obligation of nonmaleficence and an obligation of beneficence: “I will use treatment to help the sick according to my ability
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with is fiduciary duties. This is so as company directors are said to be in a fiduciary relationship with the company. When directors are in a fiduciary relationship with the company‚ they are prohibited from doing any acts deemed prejudicial to the company. In other words‚ by applying the judgment in Hospital Products Ltd v United States Surgical Corpn‚ directors cannot and should not use his position to receive personal gains. The traditional view is that the directors owed a fiduciary duty to
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Downsizing There is a well known issue in corporations when it comes down to downsizing. Corporate downsizing is that act of corporations cutting workers usually by closing whole plants or divisions to increase profits. This practice is often used today and is thought by some to be a moral practice to improve economy overall. On the other hand‚ some think that it causes the workers great suffrage from unemployment‚ which leads to loss of homes‚ depression‚ and crimes. Furthermore‚ it affects the
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A MULTI-DISCIPLINARY APPROACH TO TEACHING CROSS-CULTURAL COMMUNICATION Paul Kalfadellis Working Paper 34/05 May 2005 DEPARTMENT OF MANAGEMENT WORKING PAPER SERIES ISSN 1327–5216 Abstract The ability of managers to interact with individuals from cultures other than their own‚ requires a concerted effort on the part of business educators and academics to ‘train’ and ‘educate’ today’s students and tomorrow’s managers in the area cross-cultural communication. This is not necessarily an easy task
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UNDERSTANDING THE PRESCHOOL CHILD: A MULTIMETHOD APPROACH What is the pre-school child really like? It is not possible to find an adequate answer to this question by relying on any one theory of child development. The main reason for this is that most theorists usually concentrate on only that facet of child development which they consider important. Gesell therefore‚ concentrates on physical and physiological development since he feels that it is the main pre-requisite for all other forms of
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