Polarity and Polarity Management
This paper explores and provides an insight on the Marketplace Business Fundamentals simulation, polarity and polarity management in detail. It proceeds to discuss how polarity and polarity management relates to the management of the Marketplace Business Fundamentals simulation. The paper focuses on a particular polarity “cost and quality” that can exist in the Marketplace Business Fundamentals simulation by providing an overview and step processes on how to manage it. It uses credible sources and an accurately completed polarity map with comprehensive explanations to help in understand the polarity (cost and quality) and polarity management.
Polarity and Polarity Management
The Marketplace Business Fundamentals simulation is a team orientated project that entails the team members to cooperate with one another so as to make crucial business decisions. To most, this simulation is perceived as an insightful tool that teaches various people from all walks of life that do not necessarily have the same business perspective to be able to work cooperatively together. With this said, in most organizations; there are certain competing values that need each other over time in order to achieve a greater purpose and they are referred to as polarities; thus these polarities have to be managed effectively and efficiently. There are several common types of polarities that may be found in an organization; in the Marketplace Business Fundamental simulation the team is faced with a few polarities like; planning and taking action, decentralization and centralization, critical analysis and encouragement, cost and quality. To elaborate further on the polarities and polarity management identified in the Marketplace Business Fundamentals one has to explain polarity and polarity management in full, in doing so, a question arises; what is polarity and polarity management? Polarities are defined as interdependent opposites that function at its peak when both are present to balance with each other and occur quite naturally in almost every business organizations (Welp). Barry Johnson’s book Polarity Management: Identifying and Managing Unsolvable Problem, he proposes that “many issues we define as problems to be solved are actually polarities which have interdependence and need to be managed not solved.” They are pressing issues that need to be dealt with due to the fact that it cannot exist independently, it would also entail more support for the initial issue. However, polarities should not be confused as problems because they cannot be fixed rather, they can only be managed. Most organizations are with an array of perplexing problems and to ensure the smooth running of things, it is their job to appropriately pinpoint and categorize these problems; this is known as polarity management. A potent way to pursue this unique approach is by utilizing a set of principles and tools. Polarity management is usually used when there is a problem that involves two poles that are interdependent. This useful tool is used in pinpointing, understanding and managing difficulties that creates the most of polarities to take advantage of positives and diminish negativities. It can be a very powerful tool when used at the right place and time but one has to determine what the polarity is, what solution would be suitable, where the solution is required, and a proper strategy to get to a solution. The process for managing polarities involves the following step processes, they are: Outline the Issue/polarity
Identify key stakeholders
Create a polarity map
Understand how polarities work
Assess how well this polarity is working
Develop a plan and early warnings to manage this polarity
In the Marketplace Business Fundamentals simulation, a polarity that poses a greater...