Dan And Mike Essay Example | Topics and Well Written Essays - 750 words

Dan And microph single - Essay ExampleHowever, the return on investment (ROI), was low as compared to other funds thereby meriting a change in approach a view as well subscribed to by the younger generation of analysts in EPI.Mikes entry into EPI challenged the existing status-quo. The founder members of EPI were unprepared and thusly unwilling to accept Mikes style of functioning as the traditional values of the firm were being challenged. That these bleak methods practiced by Mike produced amazing results as also earned the loyalty of junior analysts nurture caused jealousy amongst the senior partners. Riding on Mikes success, other fund mangers and researchers also began to back Mike in various forums, further widening the rift between the old and the new. This dissension within the organization had the effect of adversely affecting the operations of other members. The senior partners felt that Mike was deliberately going against EPIs laid go done policy to provide safe and m oderate incomeand that it wasthe philosophy we used to solicit the investmentand thereforeapproach we are obligated to take for(p373-4). In such an organizational climate, Mike began o criticize those who would not toe his line. This would even let in the senior partners who felt that Mike was willfully challenging their authority and position in the company by being insubordinate. Thus the conflict was both at a personal as well as organizational level.Q.What are the approaches to manage the conflictA.Essentially, the conflict was between the conservative senior partner of EPI and Mike the maverick. Obviously there was a need for a mediator who would be acceptable to both parties. Accordingly, one of the senior partners approached Dan, a founder member of EPI, as also is CEO. As the CEO it was Dan who had recruited Mike, overriding the reservations express by the other partners while at the same tie offering Mike, the freedom and flexibility to operated a segment of the fund as h e Mike desired(p 373). By requesting Dan o resolve the conflict, EPI showed a breaker point of maturity. However, by insisting that, Mike must either conform to the philosophyof the organization or else resign (p 373), the senior partners showed a forcing approach to conflict management of impinging their views on others, an approach that can also have a negative fall- surface.Dan on the other hand, had a reputation as a great equalizer who liked to work through consensus. Dans management philosophy was based on, loyalty - loyalty to the organization...to membersto friends(p372). Dan approached the situation keeping in mind this genuinely fact that the resolution of the conflict must be a win-win situation for all the players. Not altogether should the concerns of the partners be met and the EPI itself continue to prosper, but his promise of autonomy to Mike should also be upheld.Accordingly, Dan tried to primer with Mike in an attempt to find a compromise solution. While accept ing the need for change, Dan pointed out that everyone in the company had to be taken on board and that, The rate of change is as eventful as the direction (p