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Conflict a Trading Floor
What are the stakes for the protagonist in "Conflict on a Trading Floor?" What options are available?
The four different options that are available for First America include: restructuring the deal, allowing the transaction to proceed, reporting the various discrepancies to upper management and letting Poseidon executives know about the conflict. ("Conflict on a Trading Floor," 2006)
The four stakes include: the relationship with the client, possible issues with ethical violations, regulatory challenges and the image of the firm over the long-term. The combination of these different elements is important, because they are showing the choices and outcomes from these actions. "Conflict on a Trading Floor," 2006)
Which would you choose?
The best option is to restructure the deal. The reason why is because of the unusually high fees that are being charged. This will hurt the relationship between the bank and Poseidon. Once this happens, is when the firm will be unable to do similar kinds of transactions in the future. Therefore, executives need to lower the fees for the transaction. This will improve the image of the company and it will provide the customer with the greatest long-term benefits. "Conflict on a Trading Floor," 2006)
The International Monetary Fund
Inception
The IMF's was founded shortly after the end of World War II. The basic idea was...
This is in response to the challenges facing the global financial system and it's after effects following the Great Depression. As a result, the IMF's central goal is to ensure that this kind of situation does not occur in the future. ("What We Do," 2012)
Evaluation
Over the course of time, the role of the IMF has been continually evolving. This is because of new challenges facing the global financial system, have meant that their roles and responsibilities changed. This caused the IMF to become directly involved in providing assistance to countries and integrating their economy. Over the course of time, this will help to improve the standard of living and directly fight poverty. This is different from the original goals which were to: provide currency stabilization, loans and insights on global economic trends. ("What We Do," 2012)
Purpose
The purpose of the IMF is to serve as an institution that will provide direct assistance to nations during times of crisis. The way that this occurs is to offer short-term lending and assistance to nations in exchange for them following more liberalized standards. At the same time, they will offer direct advice in setting up their economy to see more stable economic growth. Once this takes place, is when these policies will help the nation to: reduce poverty and…
References
Conflict on a Trading Floor. (2006). Harvard Business School.
What We Do. (2012). IMF. Retrieved from: http://www.imf.org/external/about/whatwedo.htm
Kent, A. (2009). Beyond Compliance. Singapore: NAU Press.
Schuerkens, U. (2008). Globalization. New York, NY: Routledge.
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