Question

1. How could meeting industry expectations, propel managers into challenging and possible conflict of interest situations? How is technology and resource allocation impacted.

Answer 1

Meeting industry expectations can propel managers into challenging and possible conflict of interest situations. More often than not within an industry a potential conflict of interest arises when a manager has a financial interest in or relationship with another entity or person with whom the organization does business. In such cases managers have the challenge to meet industry expectations on one hand and on the other hand the need to ensure that the organization is able to maximize its value addition capacity. A manager will have the challenge to make use of technology at its disposal in such a manner so that all resources are allocated optimally and value addition is maximized. This becomes difficult when a manager has to meet industry expectations as well because new stakeholders come into play and the interest of different stakeholders gets intertwined in different ways creating a complex situation in the end. In the short run to medium run technology and resource allocation will be negatively impacted but in the long run companies will find a way to better manage its technology and resources.