CONFLICT: BASIC CONCEPT The word conflict has been derived from the Latin word ‘Confligere’; which means to Strike or attack altogether. In the present world‚ there are conflicts found everywhere. Each conflict has a reason behind it. these conflicts usually occur when two or more individuals or groups feel they have irreconcilable differences‚ or they feel that there needs‚ interests or wants are threatened by the existence of the other groups demands. Hence clashes become inevitable. People
Premium Maslow's hierarchy of needs
Conflict 1 Organizational Conflict: The three views Organizational Conflict: The three views Conflict 2 Organizational conflict is a state of discord caused by the actual or perceived opposition of needs‚ values and interests between people working together. Conflict takes many forms in organizations. There is the inevitable clash between formal authority and power and those individuals and groups affected. There are disputes over how revenues should be divided‚ how the work should be
Premium Conflict Management Organization
Organizational Conflict has been defined in different way by different writers. The common key words which are used in these definitions are frustration‚ incongruence‚ incompatibility and mismatch. There are six levels of conflict: Intra-individual conflict‚ Inter-individual conflict‚ Intra-group conflict‚ Inter-group conflict‚ Intra-organizational conflict and Inter-organizational conflict. Another important organizational concept is the "Organizational Commitment". The four approaches to study
Premium Management Sociology Concept
Organizational Concepts Table of Contents 1. Chapter 1: Organizational Planning 4 1.2. Introduction: 4 1.3. Defining Planning 4 1.4. Recognizing the Advantages of Planning 5 1.5. Using Plans to Achieve Goals 5 1.6. Criteria for effective goals 6 1.7. Coordination of goals 6 1.8. Detailing Types of Plans 7 1.9. Operational plans 7 1.9.1. Tactical plans 8 1.9.2. Strategic plans 8 1.9.3. Contingency plans 9 1.10. Identifying Barriers to Planning 9 2. Chapter 2 Creating Organizational
Premium Management Organizational structure Organization
Question: Contracting theory‚ which forms part of the second wave in the positive theory of accounting‚ focuses among other things on agency theory. What is agency theory? Elaborate the components of agency costs as described by Jensen & Meckling (1976). Answer: Agency theory is based upon the more general contracting theory that the most cost effective form of organizing economic activity is through a firm based structure. Jensen & Meckling describe agency theory is a contract under one
Premium Economics Principal-agent problem
LEGAL CONCEPT OF AGENCY Part A INTRODUCTION The legal concept of agency plays an essential role under commercial transactions. This essay will first explain the definition of agency and methods of creating agency relationship‚ then the benefits and drawbacks of agency will be illustrated. Finally‚ there are two examples presenting formal and informal agency relationship. THE LEGAL CONCEPT OF AGENCY An agency refers to a legal relationship between agent and principal. A broad concept of agency
Premium Law Business law Common law
Organizational Conflict Conflicts within an organization can be difficult on employees. Some conflicts may be petty and some could end up in violence. They are often started because of the difference of opinions between employees (Shetach‚ A.‚ 2012). Regardless of the situation; employers cannot afford to have conflicts within their organization. The purpose of this paper is to analyze the reason for the conflict within this organization and to come up with ways to help solve the conflicts
Premium Management Conflict Conflict management
What is conflict? Explain causes‚ effects and strategies of managing conflicts in an organisation What is conflict? Conflict can arise when two or more people or individuals in an organisation have different interests and they pursue these interests intensely. It can also occur when people in a group have different opinions about something even though they both are working to attain the same goal; they just cannot agree on how to go about it. Therefore‚ conflict can be defined as a process that
Premium Management Social class Organization
The current issue and full text archive of this journal is available at www.emeraldinsight.com/1755-4179.htm Shareholder and stakeholder theory: after the financial crisis Terence Tse ESCP Europe‚ London‚ UK Abstract Purpose – The recent financial crisis has restarted the debate of the value of both shareholder and stakeholder theories. This paper aims to continue this discussion. Design/methodology/approach – The paper reviews existing literature and examines the benefits and problems associated
Premium Stakeholder theory Stakeholder
Part A Section (i) The articles chosen for this essay paper were “Corporate Environmental Reporting: A test of legitimacy theory” by Trevor D. Wilmshurst and Geoffrey R. Frost and “The Stakeholder Theory: Concepts‚ Evidence and Implications” by Thomas Donaldson and Preston Lee. There were several factors that contributed to my choosing these particular articles for my study. First and foremost‚ these articles were both peer reviewed and the journals they were sourced from‚ namely the
Premium BHP Billiton Stakeholder Stakeholder management