Conflict Identification and Resolution Essay Example | Topics and Well Written Essays - 1000 words

Conflict Identification and Resolution - Essay Example The clinic has been sold to a new owner who decided to improve business efficiency and to increase sales. The newly appointed CEO has set the sales targets for the company and informed about these targets two categories of employees: sales and marketing department and doctors. Both sales department and doctors were expected to achieve the new sales targets, while doctors had to sell themselves, and marketers had to sell the clinic’s products and visits to doctors. The crux of the conflict was in an increasing confrontation between the sales department and doctors. On the one hand, doctors were blaming sales and marketing (S&M) department that they do not cope with their work as their work is to sell. On the other hand, marketing and sales department believed that doctors should be actively involved in sales process, as they were people who had direct access to the patients and the power of word of mouth was a good practice in healthcare sector. On the weekly meetings held by t he CEO and devoted to discussions and analysis of the sales progress the conflict between two parties (doctors and S&M) has been growing in result of mutual accusations and insults. It is also important to take into consideration the specific tough character of majority of doctors who often are tough people in result of the nature of their work. Doctors are special category of employees as they are used to make serious decisions quickly in order to save human live. Therefore, they don’t like when management or other employees do not make efficient decisions. The conflict described above is the intergroup conflict between S&M department and clinical department (doctors) (Deutsch & Coleman 2000). The major source of the conflict is obvious – lack of proper communication between different departments. Effective communication is especially critical during quite a challenging time of changes (new owner and newly appointed CEO) in

Outlook for International Monetary System Essay

Outlook for International Monetary System - Essay Example The system was designed to ensure a world of full employment and economic growth. Exchange rates are assumed to reveal fundamental supply as well as demand conditions, which, sequentially, ought to be associated with fundamental macroeconomic and other primary factors. Undeniably, the academic literature offers constructive confirmation of the relationship between exchange rates and basics in the long term. Nonetheless, exchange rates frequently diverge considerably from values implied by fundamentals and equality conditions in the short term, even in well-functioning markets (Sarno and Taylor, 2002). The cut off between short-term exchange rate levels as well as macroeconomic basics may make a position for sterilized involvement, which affects the exchange rate mostly through its impact on the prospect, risk premiums, as well as order flow. Especially, sterilized intervention can be used to stop unnecessary exchange rate movements resulting from short-term shocks that do not influence fundamental macroeconomic conditions. For economies experiencing macroeconomic imbalances or structural weaknesses, intervention can assist for the time being effortlessness exchange rate pressures merely if there is a reliable commitment to, and tangible progress on, macroeconomic as well as structural adjustments. A crucial element in international monetary reform is the improvement in the balance of payments adjustment process. There is widespread agreement that this improvement requires more flexible exchange rates than under the Bretton Woods system, and the Jamaica agreement legitimizes flexible rates. Yet there have been objections that greater exchange rate flexibility will be detrimental to the less developed countries, as well as claims that the LDCs have already been injured by the Smithsonian realignment of exchange rates in December 1971, the February 1973 dollar devaluation, and the floating of major currencies thereafter.  Ã‚