Critical Thinking Case Study Example | Topics and Well Written Essays - 250 words

Critical Thinking - Case Study Example Arbitration would ensure that consumers are able to have their cases resolved at a quicker rate and without any loss of time. The consumer can therefore be able to perform his/her daily duties with minimal fuss. According to Currier et al., recent studies suggest that, the percentage of consumer arbitration case outcomes, in favor of the consumers, stood at 55% and an additional 93% of respondents interviewed, regarding their general feelings and perceptions of the use of arbitration in consumer contracts, was favorable. They cited that they thought that, the use of arbitration, was more favorable than court cases due to their perceived fairness in dealing with consumer cases (Currier et al., 2009). Additionally, arbitration as a process is significantly cheaper than litigation in court. The high fees required by lawyers is non-existent in arbitration making it a cheaper alternative to court litigation. The insertion of the arbitration clause provides consumers with the ability to protect themselves against harmful or sub-standard goods and services supplied by a company. The arbitration clause provides consumers with the choice to purchase a good or service from one company or another in accordance with their preferences and tastes. Additionally, the arbitration clause provides a legal avenue that can be exploited by the consumer in case of a dispute. The introduction of binding arbitration clauses in consumer contracts will help both parties protect themselves against disputes and breach of

MT140 Assignment Example | Topics and Well Written Essays - 250 words - 1

MT140 - Assignment Example In the same way, they also correspond to the goals of an organization such that Strategic Planning represents long-term goals that may span from more than 3 years and up to 7 years, then Tactical Planning represents mid-term goals that is between 1 to 3 years, while Operational Planning represents the short-term goals which includes the day-to-day planning or the execution phase that could be around a year or less. In this stage, it was also stated that a mission or a policy usually goes from top to bottom but there are instances when it may go from bottom up because of instances where middle or operational management is able to see something relative to the company operations. The SWOT analysis was also discussed where it was pointed out that Strengths and Weaknesses are those that are internal to the organization while Opportunities and Threats are external to the organization. This tool in management is important so that one may be able to accurately evaluate the environment of the company and realize where it is yielding the best results but also looking at its potentials despite the dangers posed by other factors that may be beyond its