As per s.67 of Arbitraition & Conciliation Act, 1996 Role of conciliator - (1) The conciliator shall assist the parties in an independent and impartial manner in their attempt to reach an amicable settlement of their dispute. (2) The conciliator shall be guided by principles of objectivity, fairness and justice, giving consideration to, among other things, the rights and obligations of the parties, the usages of the trade concerned and the circumstances surrounding the dispute, including any previous business practices between the parties. (3) The conciliator may conduct the conciliation proceedings in such a manner as he considers appropriate, taking into account the circumstances of the case, the wishes the parties may express, including any request by a party that the conciliator hear oral statements, and the need for a speedy settlement of the dispute. (4) The conciliator may, at any stage of the conciliation proceedings, make proposals for a settlement of the dispute. Such proposals need not be in writing and need not be accompanied by a statement of the reasons therefor.
Under bounded rationality, one of the limiting factors for making optimal decisions is information imperfection. What does information imperfection mean?
As per the behavioural theory of decision making by Herbert Simon, there are three essential stages in the act of problem solving and decision making . ...
Which of the following statement is incorrect?
Which of the following gave a decision-making model that is based on situational leadership that considers three factors of decision quality, subordinat...
