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The cover of The Peter Principle (1970 Pan Books edition). The Peter principle is a concept in management developed by Laurence J. Peter which observes that people in a hierarchy tend to rise to "a level of respective incompetence": employees are promoted based on their success in previous jobs until they reach a level at which they are no longer competent, as skills in one job do not ...
A firm with monopoly power may be less responsive to customer complaints because it can afford to adopt a dominant position. In a business partnership a "silent partner" is one who adopts a submissive position in all aspects, but retains financial ownership and a share of the profits. [68] Two parties can be dominant in different areas.
Social information processing theory, also known as SIP, is a psychological and sociological theory originally developed by Salancik and Pfeffer in 1978. [ 1 ] This theory explores how individuals make decisions and form attitudes in a social context, often focusing on the workplace. It suggests that people rely heavily on the social ...
The dual-process theory of moral judgement asserts that moral decisions are the product of either one of two distinct mental processes. The automatic-emotional process is fast and unconscious, which gives way to intuitive behaviours and judgments. The factors affecting moral judgment of this type may be consciously inaccessible.
Definitions. "Corporate governance" may be defined, described or delineated in diverse ways, depending on the writer's purpose. Writers focused on a disciplinary interest or context (such as accounting, finance, law, or management) often adopt narrow definitions that appear purpose-specific. Writers concerned with regulatory policy in relation ...
Law practice management is the study and practice of business administration in the legal context, including such topics as workload and staff management; financial management; office management; and marketing, including legal advertising . Many lawyers have commented on the difficulty of balancing the management functions of a law firm with ...
The sociology of law, legal sociology, or law and society is often described as a sub-discipline of sociology or an interdisciplinary approach within legal studies. [1] Some see sociology of law as belonging "necessarily" to the field of sociology, [2] but others tend to consider it a field of research caught up between the disciplines of law and sociology. [3]
Muir v Glasgow Corp. Muir v Glasgow Corporation 1943 SC (HL) 3, is a leading case in the development of the law of negligence and forms part of Scots delict law and English tort law. [1][2] It embeds the concept of the reasonable person.