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By | October 2012
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The Marketplace Business Fundamentals simulation is a group based project that requires the six members to come together and make business decisions. This is an insightful learning tool and it is teaching us how to work with virtual team. An example of a polarity, which will be used throughout this paper, is that of Cost and Quality.

Cost is concerned with the total spent for goods or services including money and time and labor. Quality is concerned with the beneficial and detrimental aspects of the product or service. Typically, raising one will directly affect the other. For example, increasing the quality of the product or service leads to a corresponding increase in the price of the product or service. To manage this relationship is vital to create an affordable product or service that attains a reasonable level of quality. Not to manage this polarity can cause your company to create a product that is very high in quality but very expensive, which may not provide what the marketplace needs.

Polarities and Polarity Management By definition a "problem" is an issue which requires a solution. The goal of a problem is to find a fix to the current situation and move forward to a new reality without being required to ever look back. However, a "polarity" is an issue that needs to be addressed, but the "solution" is not one that can survive independently and will actually still require support from the original issue. Polarities are usually found at the heart of any form of major or minor organizational change and there are commonly two competing sides (Johnson, 1998). Polarities have two attributes. They are continuous and they consist of oppositional elements. Polarities are indestructible, meaning that no matter how much you want one over the other, at some point you will need both. The problem is that polarities cannot be solved. Instead, they must be managed (Noll, 2002). Polarity Management can be a...

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