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Describe the following: - conflict of interest between employees and managers - interdependence between employees and managers. - Scottish Highers Business Management - Question c - 2023
Question c
Describe the following: - conflict of interest between employees and managers - interdependence between employees and managers.
Worked Solution & Example Answer:Describe the following: - conflict of interest between employees and managers - interdependence between employees and managers. - Scottish Highers Business Management - Question c - 2023
Step 1
conflict of interest between employees and managers
Answer
A conflict of interest arises when the objectives of employees diverge from those of managers. For instance, managers may prioritize cost-cutting measures such as reducing wages or limiting wage increases to maintain budget control. Meanwhile, employees are likely to seek wage increases to secure their financial well-being. This misalignment can lead to tension, as each party is working towards different goals.
Step 2
interdependence between employees and managers
Answer
Employees and managers rely heavily on each other to fulfill their roles effectively. Employees need managers to assign tasks that align with their job descriptions so they can earn their wages and ensure job security. Conversely, managers depend on employees to execute those tasks and meet organizational goals, indicating a mutual reliance that is essential for the overall functioning of the business.