Conflict In Lewis Le Nery's 'The Big Short'
Introduction:
Summary:
‘The Big Short’ is about banking in the seventies and how boring it was until Lewis Le Nery came on the scene and changed banking forever. He introduced the Mortgage Backed Security. Everyone was excited, sales of bonds escalated; America’s number one industry became banking. Bankers went from country clubs to strip clubs until in 2008, when it all came crashing down! The worst financial crisis in modern times, the largest financial disaster leaving five thousand million people unemployed. A few unassuming people predicted the Global Financial Crisis and ended up benefiting from it. Michael Burry (Christian Bale) by studying the mortgage bonds numbers suspected the housing market would collapse as too much money was …show more content…
Functional conflict, which leads to a positive outcome, occurs when individuals try to deal with the conflict in an acceptable way, and listen to and respect that they have different ideas.
This type of conflict may lead to new challenges and goals being reached in other ways; it causes people to think about all or more options. Individuals try to reach an agreement through brainstorming and compromise. It can also lead to creative thinking. All individuals must co-operate and work together to reach an agreement.
Dysfunctional conflict is not deportable or beneficial in the work place. Productivity will decline as a result of misunderstanding and bad feelings. An egotistical boss or employee may be stubborn and not willing to compromise. The public or consumers may become aware of the conflicts within the business and may boycott the business. Common examples of dysfunctional conflict include gossiping, back stabbing, poor or no co-operation. Teamwork will not be optimal. Staff may be stressed, anxious and demotivated. Physical abuse and a high turnover amongst staff is a
Summary:
‘The Big Short’ is about banking in the seventies and how boring it was until Lewis Le Nery came on the scene and changed banking forever. He introduced the Mortgage Backed Security. Everyone was excited, sales of bonds escalated; America’s number one industry became banking. Bankers went from country clubs to strip clubs until in 2008, when it all came crashing down! The worst financial crisis in modern times, the largest financial disaster leaving five thousand million people unemployed. A few unassuming people predicted the Global Financial Crisis and ended up benefiting from it. Michael Burry (Christian Bale) by studying the mortgage bonds numbers suspected the housing market would collapse as too much money was …show more content…
Functional conflict, which leads to a positive outcome, occurs when individuals try to deal with the conflict in an acceptable way, and listen to and respect that they have different ideas.
This type of conflict may lead to new challenges and goals being reached in other ways; it causes people to think about all or more options. Individuals try to reach an agreement through brainstorming and compromise. It can also lead to creative thinking. All individuals must co-operate and work together to reach an agreement.
Dysfunctional conflict is not deportable or beneficial in the work place. Productivity will decline as a result of misunderstanding and bad feelings. An egotistical boss or employee may be stubborn and not willing to compromise. The public or consumers may become aware of the conflicts within the business and may boycott the business. Common examples of dysfunctional conflict include gossiping, back stabbing, poor or no co-operation. Teamwork will not be optimal. Staff may be stressed, anxious and demotivated. Physical abuse and a high turnover amongst staff is a