Two Senior Employees,Wanda and Tom,are Experiencing Conflict

question 77

Essay

Two senior employees,Wanda and Tom,are experiencing conflict.There had been a change to the senior management structure,and Wanda has been named CEO.Tom felt that his role,contributions,and status has been minimized.Wanda believes that they are each being used for their best skills and experience.Talk between them is defensive and unproductive.The conflict between them was beginning to impact on their relationship and trust was breaking down due to incorrect assumptions being made about each other's feelings and intentions.There was a real risk of loss of key expertise to the company if the conflict could not be resolved.
Define "personality conflict." How would you deal with this situation?

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Definitions:

Portfolio

An assortment of financial assets such as equities, bonds, commodities, money, and near-money assets, encompassing both closed-end funds and exchange-traded funds (ETFs).

Coefficient Of Correlation

A statistical measure that calculates the strength and direction of a linear relationship between two variables, ranging from -1 to 1.

Positively Correlated

A relationship between two variables in which they move in the same direction; as one increases, the other also increases.

Correlation Coefficient

A statistical measure that indicates the extent to which two variables fluctuate together.