Compare and contrast sources of conflict, Financial Management

Assignment Help:

The data on sales performance in LS Company has shown a important downward trend over the last year. The Marketing and Sales Department is blaming the Finance Department for the poor performance, since it was the pressure from the Finance Department that led the Marketing and Sales Department to increase the product price. The Marketing and Sales Department staff say that, in current market conditions, this was inappropriate and was the major reason for the loss of market share. They feel that the Finance Department staff are short sighted, too focused on costs in pricing decisions and do not appreciate that there are other factors that should be considered in product price setting. Though, the Finance Department thinks that the Marketing and Sales Department has been complacent and has not had an aggressive marketing and sales strategy in place. Perhaps not surprisingly, communications and cooperation amongthe staff in the two departments is at an all time low and in meetings there is constant in-fighting and disagreements.

Compare and contrast the different types and sources of conflict occurring in LS Company.

Conflict is essentially a disagreement and is when single party is perceived as preventing or interfering with the goals and actions of another. It can happen in a variety of forms and at dissimilar levels in an organisation. whereas conflict can be considered as an inevitable feature of organisation life, in the case of LS Company it is having negative outcomes.    

In LS Company, the poor communications and cooperation among the staff in the Marketing and Sales Department and the Finance Department is an instance of horizontal conflict. This type of conflict occurs among groups of staff or between departments at the similar level in the organisation hierarchy.  

 


Related Discussions:- Compare and contrast sources of conflict

Sinking fund function in retirement of an outstanding bond, How does a sink...

How does a sinking fund function in the retirement of an outstanding bond issue? Where a company puts payments that are then used to buy back outstanding bonds is known as a si

Stock valuation, Investors require an 11% return on a preferred stock that ...

Investors require an 11% return on a preferred stock that pays a $2.30 annual dividend.  What is the price

Investment appraisal , what are the limitations of using projected data

what are the limitations of using projected data

Exam help, You plan to borrow $125,000 at a 9.5% annual interest rate. The...

You plan to borrow $125,000 at a 9.5% annual interest rate. The terms require you to amortize the loan with 10 equal end-of-year payments. How much interest would you be paying i

Generally accepted accpunting principle or gaap, Generally Accepted Accpunt...

Generally Accepted Accpunting Principle or GAAP The American Institute of Certified Public Accountant (AICPA) elaborates financial accounting theory and commonly accepted acco

Fund raising and investment, Fund Raising and Investment: Fund commitme...

Fund Raising and Investment: Fund commitment requirement in Hedge Funds sometimes exceeds millions of dollars. In addition, high minimum investments are sometimes closed to new

Define how does accounts receivable factoring work, How does accounts recei...

How does accounts receivable factoring work?  What are the benefits to the two parties involved?  What are the risks? Factoring is while one firm sells accounts receivable that i

Effective use of focused marketing, a) A niche market refers to a lucrative...

a) A niche market refers to a lucrative and small market segment. Marketing strategy is targeted and concentrated at this specific market segment. Pink Ladies are specifically targ

What is maturity, Q. What is Maturity? Maturity: The maturity period of...

Q. What is Maturity? Maturity: The maturity period of the securities should be short, otherwise, the company might suffer losses on account of getting the funds pre-maturely re

Identify following belong income statement or the balance, Identify whether...

Identify whether the following items belong on the income statement or the balance sheet. a. Interest Expense IS                                      l. Cash BS b. Prefer

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd