ISMG Essay Example | Topics and Well Written Essays - 1250 words - 2

ISMG - Essay Example ody but it has its own way of ensuring development of the organization and this way is by putting in place good management policies to control the crisis. There are several forms of organizational crisis but with the case of ABS Canada, the kind of organizational crisis being experienced could be said to be organizational conflict because it involves a lot of agitations among the rank and file of the organization. A critical study of the case at hand at ABS Canada would be related to the Mind Frame Consulting (2000) explanation of why organizational conflicts arise as they note that organizational conflicts often result because â€Å"divisions and departments often have different objectives. If their members cannot find common values and goals, they will not cooperate.† Lack of cooperation would also worsen any form of organizational conflict. Identifying the causes and giving out appropriate solutions may however become the best remedy at hand. To this effect, a lot is tasked on Mr. Roberge to look into the causes of the conflict and appropriately devise workable solutions that will be welcomed by all stakeholders in the organization. There are three major parties that could be linked to the cause of the present organizational conflict and for that matter organizational crisis at ABS Canada. These parties are the recruiters of the project manager, out of whom Mr. Roberge may be singled out, the project manager himself and finally, the departmental leaders who team members who should have worked with the project manager. Clearly before the coming of the project manager, there was perfect peace and harmony in the organization. By organizational standards, the organization accepted to run the affairs and future of the company in a more collaborative means that involved all departments and sectors of the organization. This was evident in the meeting that agreed on the long term strategic plan for the company. Indeed, to have started implementing the strategic plan,

MicroFHess Essay Example | Topics and Well Written Essays - 1500 words

MicroFHess - Essay Example Example: as more and more fertilizers are employed by the famers, production of crops may increase by the same unit of fertilizers employed, ceteris paribus. 3. Economic profit is the difference between revenues received from the sale of output and opportunity cost (Mankiw, 1998). For example, the difference between incomes received from selling a car and forgone alternatives of making that car. 4. Law of diminishing returns states that when other factors are held constant any additional unit of input leads to an increase in output at a declining rate till at a certain point where any additional input leads to a decline in output (Hall and Lieberman, 2010). For example, if more fertilizers are added in the production of wheat the output increases till a certain point when any additional unit of fertilizers added leads to a decline in output of wheat. 5. Marginal product of labour is the additional amount of output that is being produced when a firm decide sto employ additional labour in the production process (Hall and Lieberman, 2010). For example, a firm may produces 10 units of output with a labour of 5 people, and after adding another 5 people output may increases to 20 units. 6. Monopolistic competition. Is a type of market structure with many sellers selling similar but differentiated products whereby each seller has the freedom of setting his or her own selling price (Mankiw, 2011). Example: in the United States numerous sellers differentiate their products and the prices for those products (Mankiw, 2011). 7. Sunk cost refers to the amount of money that has already been spent and can not be recovered (Hall and Lieberman, 2010). For example: Amount of money incurred by investor to start and operate a business. 8. The principal-agent problem refers to a conflict of interest that arises when the agent pursues the same interest as his principal (Mankiw, 2011). Example: car dealer hires an agent to sell his cars to particular