Conflicting Interests

Paper Summary:

This paper considers conflicts of interest and their impact on organizational discourse. Specifically, this research examines the way conflicts of interest impact business decision making and how these issues can be reconciled to create improved outcomes for the organization. Through a careful review of what has been noted about managing conflicts of interest, it will be possible not only to garner a better understanding of the challenges created in this situation, but also to evaluate the potential improvements that can be achieved through this process.

Outline:
Introduction
Literature Review
Conflicts of Interest: Definition and Scope
Managing Conflicts of Interest
Policies and Practices
Mathematical/Contingency Modeling
Benefits of Managing Conflicts of Interest
Summary/Recommendations/Conclusions

From the Paper:

"The final issue addressed in the context of this investigation was the benefits of conflict in the organization. Even though conflicts of interest clearly create notable challenges for decision making and action, the reality is that these conflicts also bring to light deficiencies in the organization that can improve outcomes for operations. By being aware of the issues and further using the issue to help the organization grow and develop, managers can set a positive example for addressing ethical issues and further provide employees with vital information which could facilitate their decision making in the future."

Sample of Sources Used:

• Callanan, G.A., & Perri, D.F. (2006). Teaching conflict management using a scenario-based approach. Journal of Education for Business, 81(3), 131-139.
• Davis, M., & Stark, A. (2001). Conflict of Interest in the Professions. New York: Oxford University Press.
• Guerra, J.M., Martinez, I., Munduate, L., et al., (2005). A contingency perspective on the study of the consequences of conflict types: The role of organizational culture. European Journal of Work & Organizational Psychology, 14(2), 157-176.
• Jovanovic, S., & Wood, R.V. (2007). Dialectical interactions: Decoupling and integrating ethics in ethics initiatives. Business Ethics Quarterly, 17(2), 217-238.
• Macey, J. (2006). The nature of conflicts of interest within the firm. Journal of Corporation Law, 31(3), 613-636.

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