While Many Managers and Lawyers Might Claim That Implicit Contracts

question 3

Essay

While many managers and lawyers might claim that implicit contracts "aren't worth the paper that they are not written on," most understandings between companies and their customers and their employees are implicit. Why?

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Definitions:

Emotional Intelligence

The capability to recognize, understand, manage, and reason with emotions in oneself and others, crucial for effective interpersonal relations.

Cross-Culturally Sensitive

Showing an awareness of, respect for, and consideration towards the differences and similarities across cultures.

Social Awareness

The ability to understand and respond to the needs of others and the dynamics of social situations.

Internal Locus Control

A psychological concept referring to individuals who believe they have control over the outcomes of their actions, as opposed to external forces being in control.