Role of Perception in Decision Making Essay Example | Topics and Well Written Essays - 1000 words

Role of Perception in Decision Making - Essay Example It has been found that cultural background indeed helps in shaping the behavior of an individual (Husted and Allen, 2008). Today we are living in the times of globalization and liberalization of economies, which makes it obligatory on the part of the organizations and individuals to work with people from different cultural backgrounds. At times an organization also gets to be known as having particular culture by taking in consideration the working behavior and cultural background of the workforce. Managing a whole lot of diversity forms the key component of the effective management process. Diversity within an organization can also be effectively managed if one can analyze how we form a typical perception about someone. Workplace diversity is stated to have a positive as well as a negative aspect. The diversity on account of gender also influences the behavior of an organization. Thompson's (2000) came out with a detailed study suggesting that men hold more negative views of diversity than women. This view gets strength from an experiment carried out on 2686 workers at an electronics company. This expe riment came out with findings that women of all racial/ethnic backgrounds held more positive perceptions of diversity than Caucasian males (Hostager and Meuse, 2008). ... Well a number of similar studies have also found out that there is no significant difference in ethical perceptions of men and women. But at the same time, it needs to be emphasized that no study has so far indicated that men are more ethical than the women counterparts (Marta et al, 2008). This goes on to show that there's indeed some amount of truth in the fact that women are more ethically perceptive/ sensitive. While managing an organization such factors need to be taken into account for effective management of the organization. What are the positive and negative effects of using perceptive "shortcuts" when judging others Perceptions are supposed to help in the process of making judgments as well. While stuck up in some tricky situation and the manager is entrusted with the task of judging a person, a process, a team or an organization then the perceptive 'shortcuts' come in handy. But, there is also a possibility that making use of such 'perceptive shortcuts' could actually result in a wrongful judgment. Often, collective behavior of a team depends upon the nature of judgments taken by some individuals (Husted and Allen, 2008). The model of Trevino on ethical decision making in business tries to explore the relationship between individualism and collectivism. The key elements of this model are; the perception of a moral problem, moral judgment, and ethical behavior. Some of the positive and negative effects of using perceptive shortcuts can be summarized as; i. Positive effects a. Decision can be taken quickly b. Follow up action is also aided by the perceptive shortcuts c. Process of decision making become easier d. It helps in

Company Law in the UK Assignment Example | Topics and Well Written Essays - 1000 words

Company Law in the UK - Assignment Example The ruling of Lord Halsbury seems to uphold the company law that provides that whenever a company is registered, it acquires a separate legal entity and that it can no longer be termed as an agent of its members. In the case of McDaid Development (Ireland) Ltd Company, Mr. Peter McDaid, also the director of the company, was the sole shareholder of the company. On bankruptcy, Mr. McDaid owed the Ireland Bank over  £38 million and about  £800 thousand to small stakeholders. When the company was put under administration, Mr. McDaid was relieved of his duties as a director for a period of eight years on the grounds of misconduct. From the court’s decision in Mr. Salomon’s case, Mr. McDaid cannot be held liable for the company’s debts. Lord Halsbury defended Salomon by the words, â€Å"Company’s debt is Company’s debt† (Wooldridge, 2009, p. 58). As such, company’s debts and the shareholders have little, if not no connection. However, in the U.K. Company law act of 2006, the director is liable to accountability in matters concerning company assets, which Mr. McDaid had failed to provide. On this ground, the removal of Mr. MCDaid is justified. In brief, Company law perceives the company as an entity that is completely isolated from its shareholders. Therefore, it is upon the members, shareholders, and debtors, to evaluate the company’s viability. Though this aspect of the law has been criticized, there is still a lot of support to this ideology of the law.... In the case of McDaid Development (Ireland) Ltd Company, Mr Peter McDaid, also the director of the company, was the sole shareholder of the company. On bankruptcy, Mr McDaid owed the Ireland Bank over ?38 million and about ?800 thousand to small stakeholders. When the company was put under administration, Mr McDaid was relieved of his duties as a director for a period of eight years on the grounds of misconduct. From the court’s decision in Mr Salomon’s case, Mr McDaid cannot be held liable for the company’s debts. Lord Halsbury defended Salomon by the words, â€Å"Company’s debt is Company’s debt† (Wooldridge, 2009, p. 58). As such, company’s debts and the shareholders have little, if not no connection. However, in the U.K. Company law act of 2006, the director is liable to accountability in matters concerning company assets, which Mr McDaid had failed to provide. On this ground, the removal of Mr MCDaid is justified. In brief, Compan y law perceives the company as an entity that is completely isolated from its shareholders. Therefore, it is upon the members, shareholders and debtors, to evaluate the company’s viability before engaging in its operations. Though this aspect of the law has been criticized, there is still a lot of support to this ideology of the law. Question 3 The U.K. company law provides clear guidelines on the duties of Company directors and the consequences of breach of the duties so stated. The expectation of the law is that the director works in the best interest of the company and does not contribute directly to any actions that would hurt the company and its shareholder. Consequently, there exist liabilities and penalties for a