What are the types of organizational conflict and its levels and sources?
What will be an ideal response?
Organizational conflict is a situation in which two or more people disagree over issues of organizational substance and experience some emotional antagonism with one another.
There are four levels of conflict:
1. Intrapersonal: An individual has a conflict within him- or herself.
2. Interpersonal: Individuals have a conflict with others in the unit or department.
3. Intergroup: Work groups within the organization develop a conflict.
4. Interorganizational: Different organizations are at odds as the result of some issue or event.
One source of conflict is competition over resources. A second source of conflict is ambiguity over authority. Third, organizational reward systems cause conflict. Fourth, conflict results when there is a power differential within the police department.
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Which of the following will happen if a firm in a duopoly with homogeneous products increases its price above its marginal cost once a Nash equilibrium is reached?
A) The firm will earn huge economic profits. B) The firm will gain market share. C) The firm will lose all its customers to its rival. D) The firm will continue to earn zero economic profits.
In behavioral economics, the term salience refers to
A) relevance to the problem being investigated. B) people only consider information when it is conveyed in a subtle manner. C) how an experiment is designed. D) people consider information when it is presented in an "eye grabbing" manner.
The invisible hand refers to
A. The person who has the responsibility to coordinate all the markets in a market economy. B. Intervention in the economy by the government bureaucrats we do not see and over whom we have no control. C. The allocation of resources by market forces. D. Undiscovered natural resources.
If an economy is operating on its production possibilities frontier (PPF), are there any unemployed resources in the economy?
What will be an ideal response?