Conflict on a Trading Floor A Joseph L Badaracco Jerry Useem 1993
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Case Study, 160 words: The trading floor of a large Wall Street investment bank had a reputation for high-stress environments. Traders were highly paid professionals with large salaries, bonuses, and stock options. There was a lot of pressure to meet targets and close deals as fast as possible. This pressure resulted in frequent conflicts between employees, causing tensions to run high. At the heart of the problem was a highly competitive trading floor culture. There was little room for disagreements, no time for open communication, and
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Title: Conflict on a Trading Floor As soon as the room fills with traders, the trading floor quickly deteriorates into chaos. Trading can be an adrenaline-packed, intense experience where one can feel the pulse of the market. In addition to the adrenaline rush, there are also other factors that are essential to successful trading: a clear understanding of the market, an educated attitude towards the markets, the ability to analyze, and the willingness to take risks. In
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1. Read More Here We do not sell any products from the book in the US. You should not visit www.easywriting.com or purchase the book for a fee. I. The conflict was that the firm was competing with a new firm, with whom it had a bitter rivalry, and that the new firm was expanding rapidly into the US, where the rivalry had grown more bitter because of the fierce competition from the US. II. The rivalry was not only between the two firms themselves, but also between their respective partners. The