Conflict of Interests Term Paper Example | Topics and Well Written Essays - 2000 words

Conflict of Interests - Term Paper Example This is because its consequences have the potential of adversely affecting the corporate image of an organization or public office. In addition, conflict of interest is considered unethical in the sense that it leads to biased considerations and ways of doing business that may lead to a downfall of an organization. As a result, it is always considered imperative for any organization or public office to put in place measures aimed at mitigating or preventing altogether circumstances that might give room for conflict of interest. This is particularly done by instituting ethical code of conducts among other strategies as will be elaborated in the paper. Conflict of Interests Introduction Conflict of interest is a common word, widely used in the world today. Nevertheless, many still does not understand well its full significance. What is certain is that the term is not complex as some may think. This is because conflict of interest illustrates situations that a majority of us find themse lves into particularly when we are confronted with ethical decisions regarding duties conferred upon us. However, what is acknowledged is that, conflict of interest is unethical and must be avoided by all means. This can be traced back to the biblical teachings, which says, â€Å"thou shall not serve two masters† (Gordon, 2005, p.16).... What is noted is that conflict of interest knows no boundary in an organization as can be witnessed among top chief executives, board of directors, managers, as well as employees. This paper will explore ‘conflict of interest as a major ethical issue in the world today. What is conflict of interest? To begin with, conflict of interest arises when an individual, particularly an employee has multiple interests with the potential of clashing against each other. In the workplace, self-interest usually arises when an employee pursues other interests other than the professional or public interests which he or she is expected to pursue. Conflict of interest is usually considered unethical under the company’s code of conduct because it affects the general performance of an organization since it causes an individual to diverge from the interests of an organization to personal interest (Lewis, 1997). Situations that constitute conflicts of interest There are a number of situations that constitute conflict of interest in the workplace that is likely to jeopardize the effective running of an organization. One such is a situation where a male manager happens to date a female employee who is directly answerable to him or where a female manager dates a male employee who reports directly to her. In such a situation, a conflict of interest arises because the relationship between the employee and the manager affects the effective management of the company, as the manager will in most cases tend to appear lenient to the employee even if the employee whom he is in a relationship with happens to have made a problem. For instance, the employee who is in a relationship with the manager may

Management consulting report Essay Example | Topics and Well Written Essays - 2500 words

Management consulting report - Essay Example Hence, it is important that management effectively manage the workplace and ensure that employees do not fear or resist both challenges and changes. An effective workplace management would strategically empower management and employees with the necessary skills that effectively manage life changes. Regardless of what changes they might face, managers and employees are drawn towards strategically preparing themselves towards the change process. Some of the work situations often encountered are: being criticized by others for one’s work, lack of job security, lack of recognition or appreciation for a good work, destructive conflicts between and among departments, poor supervision, small opportunities for growth and advancement, a too-high or a too-low stress level, departments that are constantly reorganized, a high fear of change, poor job fits, and poor working conditions (Topchick 2001). Given the mentioned situations, an employee is certainly not expected to be satisfied wit h his job and may probably contemplate about leaving his current post and find one that he perceives complying with his expectations of a good job. The firm will certainly fall into an unsecured environment in which goals and tasks are often unmet. This scenario only proves that giving specific attention to people resource is an important pursuit and a step towards this undertaking is how to make them feel empowered, secure, challenged, and nurtured through an effective conflict management of a workplace situation. Congruent to the work situation is giving due attention to effects of growth needs, management style, and job structure on job-related satisfactions, which the management must pay due relevance. As important facets of human resources, the work setting should also give appropriate focus and credit to these aspects. Studies show that there are interactive effects of individual growth needs, job richness, and