MGMT611 GDB solution

Discussion Question

A realistic approach to understanding conflict management styles is to divide them into two broad types: collaborative (win-win) versus competitive (win-lose).
Issue:
You are supposed to tell which type of conflict will arise in following situation and what will be the aftereffects if it will not be resolved.(word limit: maximum 150)
Situation:
"The sales team of the toys manufacturing company claimed that they made the boost sales in the current year than previous years so there should be extra bonuses for their welfare and encouragement but management is not ready to announce extra bonuses according to the efforts of sales team."

Solution:

Type of Conflict:-
In this situation competitive conflict (win-lose) will arise as staff demands more bonuses after they claim increase in the sales and management is not prepared to announce more bonuses.

Aftereffects:

A competitive process will most likely have the following effects on the parties:
Communication is obstructed as the conflicting parties try to gain advantage by misleading each other through false promises and misinformation. Communication is ultimately reduced as the parties realize they cannot trust one another's communications as honest and informative.

"Obstructiveness and lack of helpfulness lead to mutual negative attitudes and suspicion of one another's intentions. One's perceptions of the other tend to focus on the person's negative qualities and ignore the positives."
The parties are unable to effectively divide their work and end up duplicating efforts. When they do divide it, they continuously feel the need to check each other's work.

Ongoing disagreement and critical rejection of ideas reduces participants' self-confidence as well as confidence in the other parties.

The conflicting parties seek to increase their own power and therefore see any increase in the other side's power as a threat.

The competitive process fosters the notion that the solution of the conflict can only be imposed by one side on the other. This orientation also encourages the use of coercive tactics such as psychological or physical threats and/or violence. This process tends to expand the range of contested issues and turns the conflict into a power struggle, with each side seeking to win outright. This sort of escalation raises the motivational significance of the conflict for the participants and makes them more likely to accept a mutual disaster rather than a partial defeat or compromise.

Eco401 GDB No. 1 Announced

ECO401 - Economics Graded Discussion Board

Total Marks 2

Starting Date Friday, November 12, 2010

Closing Date Tuesday, November 16, 2010

Status Open

Question/Description

The elasticity of supply measures the percentage change in the quantity supplied of a commodity as a result of percentage change in its price. It is a pure number and is positive because price and quantity move in the same direction. In general, percentage change in elasticity is used instead of absolute change in elasticity. The slope of supply is an unsatisfactory measure of the responsiveness in the quantity supplied of a commodity with respect to the change in its price but the concept of elasticity of supply has overcome this difficulty.

With reference to the above scenario, why is the slope of supply an unsatisfactory measure of the responsiveness in the quantity supplied of a commodity to a change in its price?

Note: Your answer must be within the range of 75-100 words.

MGT602 GDB 01 Announced

Total Marks 2

Starting Date Thursday, November 11, 2010

Closing Date Monday, November 15, 2010

Status Open

Question/Description: Your family owns a successful business that exports surgical instruments to the European countries. Your father offers you to join family business on completion of MBA. Will you accept or reject his offer? Give good reasons of your decision.

MGT101 GDB Solution

Financial Accounting (MGT101)

Give arguments in favor of following statement.

"FIFO method for inventory valuation may increase income tax due as well as showing true financial position of a business with respect to inventory during the period of rising prices."

Solution:-

As in Period of Price rising, current market price of the inventory will be higher than the previous market price on which inventory was purchased by the business. If using FIFO method the lower value of inventory will be recorded then the value of inventory consumed will not meet the current market position. As a result all the Expenses shown in the financial statements will be lower, profit will be higher which may cause increase in income tax due and the ending inventory will show a higher value.

HRM611 GDB Solution

Discussion Question

A realistic approach to understanding conflict management styles is to divide them into two broad types: collaborative (win-win) versus competitive (win-lose).

Issue:

You are supposed to tell which type of conflict will arise in following situation and what will be the aftereffects if it will not be resolved.(word limit: maximum 150)

Situation:

"The sales team of the toys manufacturing company claimed that they made the boost sales in the current year than previous years so there should be extra bonuses for their welfare and encouragement but management is not ready to announce extra bonuses according to the efforts of sales team."

Solution:-

Here is the Idea Solution:

Type of Conflict:-

In this situation competitive conflict (win-lose) will arise as staff demands more bonuses after they claim increase in the sales and management is not prepared to announce more bonuses.

Aftereffects:

A competitive process will most likely have the following effects on the parties:

Communication is obstructed as the conflicting parties try to gain advantage by misleading each other through false promises and misinformation. Communication is ultimately reduced as the parties realize they cannot trust one another's communications as honest and informative. "Obstructiveness and lack of helpfulness lead to mutual negative attitudes and suspicion of one another's intentions. One's perceptions of the other tend to focus on the person's negative qualities and ignore the positives."

The parties are unable to effectively divide their work and end up duplicating efforts. When they do divide it, they continuously feel the need to check each other's work.

Ongoing disagreement and critical rejection of ideas reduces participants' self-confidence as well as confidence in the other parties.

The conflicting parties seek to increase their own power and therefore see any increase in the other side's power as a threat.

The competitive process fosters the notion that the solution of the conflict can only be imposed by one side on the other. This orientation also encourages the use of coercive tactics such as psychological or physical threats and/or violence. This process tends to expand the range of contested issues and turns the conflict into a power struggle, with each side seeking to win outright. This sort of escalation raises the motivational significance of the conflict for the participants and makes them more likely to accept a mutual disaster rather than a partial defeat or compromise.