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Conflict of Interest

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Background:
Among some of the ethical problems within the business realm include conflict of interest.
Task:
Explain the kinds of conflicts of interest and how these problems may have devastating consequences. Explain why integrity is important to maintain regardless of the field/business. Using a minimum of two credible sources, relate the concepts of integrity and conflict of interest

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https://brainmass.com/business/business-philosophy-and-ethics/conflict-of-interest-191466

Solution Preview

Conflict of trust happens when a person is occupying a position of confidence and contrary to that position of confidence he has personal interests. A company manager or director may have conflict of interest, a public accountant may have conflict of interest or a consultant may have conflict of interest. The struggle between the two interests makes it very difficult for the person to be dutiful to each stakeholder. Conflict of interest is especially important in case of professions. A politician may have to resign if he has conflict of interest, a lawyer is looked down upon if it is found he had a conflict of interest and an ...

Solution Summary

This posting discusses ethics relating to conflict of interest.

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Research strategies; team dilemma; external roles for team members; merger effect

Question 1 of 4:
Research strategies for moving parties away from egocentric perceptions of conflict and toward more mutually-held perceptions.

Question 2 of 4:
Consider the following team dilemma example: ¨A group of MBA students is working on a class project that counts for 50 percent of their grade. Some take a higher course load than others; some are taking the course pass-fail; some are second-year students who already have jobs. How should the work be divided¨. Report what you would choose to do in this situation. Look at your answer. Did you act in a way that preserves your own self-interest or the interest of the group? What strategies might you use (if you acted in a self-interested manner) to change your behavior to be more cooperative and less competitive?

Question 3 of 4:
Consider the list of common external roles for team members. Which of these roles do you think you play in your own team or group? Why? Give examples from your own experience about other types of roles played by other members in your group.

Question 4 of 4:
Do an internet-based research on how merger or reorganization has negatively affected a group or team. (Consider the teams or groups as each of two companies that merged - discuss the problems that occurred as a result of the merger) Prepare a response about how did the behavior of the team leader(s) affect or define the relationship between merging groups. Some of the recent mergers that you might want to explore include mergers in the airline and automotive industries..;)

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