Exam (elaborations)
MNB2601 ASSESSMENT 3 SEM 1 OF 2024 EXPECTED SOLUTION
- Course
- Institution
THIS DOCUMENT CONTAINS MNB2601 ASSESSMENT 3 SEM 1 OF 2024 EXPECTED SOLUTION. USE IT FOR COMPARISON PURPOSES TO AVOID PLAGIARISM.
[Show more]
Seller
Follow
oscardiura
Reviews received
Content preview
OSCAR THE TUTORoscardiura@gmail.com
WHATSAPP: 0737560989
+27844708483 for
FAC,MAC,ECS,TAX,QMI,FIN,INV,BNU,MNB STA MNG DSC
Tutoring
Ques on 1
The Thomas-Kilmann Conflict Mode Instrument (TKI) offers five conflict resolu on strategies. Let's
explore how each can be applied to the leadership conflict at Company X:
1. Compe ng: This strategy involves asser ve pursuit of one's own interests, poten ally using power or
dominance. In this scenario, Company TRP, the majority shareholder, could push for a single managing
director, poten ally sidelining MFM's concerns.
Outcomes: While TRP might win control, it could damage the rela onship with MFM, leading to
resentment, low morale, and decreased collabora on.
2. Collabora ng: This approach emphasizes open communica on and a joint effort to find a win-win
solu on. Leaders from both companies could work together to explore alterna ve leadership structures,
considering shared decision-making or a phased approach.
Outcomes: This strategy fosters trust, increases buy-in, and leads to a more sustainable solu on.
However, it requires me, effort, and effec ve communica on skills.
3. Compromising: This involves finding a middle ground where both par es concede some of their
demands. Company X could establish a co-leadership structure with representa ves from both
companies, or create a board with balanced representa on.
Outcomes: Compromise can be a quick solu on and preserve some goodwill, but it may not fully address
underlying concerns and could lead to dissa sfac on.
4. Avoiding: Here, the conflict is simply postponed or ignored. Leaders could delay the decision on
leadership structure, hoping the issue resolves itself.
OSCAR THE TUTOR
oscardiura@gmail.com
WHATSAPP: 0737560989
+27844708483 for
FAC,MAC,ECS,TAX,QMI,FIN,INV,BNU,MNB STA MNG DSC
Tutoring
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller oscardiura. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $5.68. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
75057 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now