Ockham Technologies Research Paper Example | Topics and Well Written Essays - 750 words

Ockham Technologies - Research Paper Example It would be hectic to get each board member engaged at a single place for meeting and equal participation of board members in company’s interest would be overseen (Sargeant & Jay, 2009). On the contrary, by keeping a small board of directors there will be unity and a sense of ownership and serving common purpose would be developed within the board team. The work will be performed smoothly and efficiently and organizational goals will be accomplished speedily without any bureaucracy being involved (Council on Foundations, 2010). 2. Before making a fund-raising decision, Ockham will need to consider certain factors such as the size of the board and the role played by each board member. Size of the board of directors would depend on the potential investor’s approach towards the control of equity in the company. The size of the board will also clarify the level of involvement of each member of the board in Ockham’s affairs (Martinelli, 2013). Then comes the intangibl e attributes that Ockham will need to define before defining board of directors. ... rmance at their current organizations will also be assessed in order to project the financial value that each board member will be adding to Ockham Technologies (Altenburg, 2011). 3. At some point of time, tension between strategic business partners is destined to emerge due to a shift in approach towards business and bringing changes in the organizational structure or operational structure (Jamieson, Eklund, & Meekin, 2012). If I were to play the role of Jim Triandiflou and reduce tensions between me and Mike Meisenheimer, I would select different conflict management strategies to resolve the issue in Ockham’s greater interest. First of all, I would have started to consult Mike in important decisions regarding the future and present of Ockham as an accommodating strategy. Than adopting an avoiding strategy would allow me to ignore petty issues and integrate my ideas into functions after collaborating and reaching a compromised agreement with Mike. In this manner, it will be a win-win situation for both Mike and me as both of us will be giving up elements of our position to implement an acceptable solution. If all of that wouldn’t have worked in resolving tensions between me and Mike, I could adopt competing strategy of conflict management which would require me to remind Mike about his percentage of equity in the company and that I, being 50% equity holder in the company, have the upper hand in decision making (Dotingney, 2013). 4. The best option available to Ockham to develop systems for IBM in the given time period is to hire system developers and ask them to work in-house. This would be beneficial as it will lower the costs involved in the system development and enable Ockham to use the hired team for future projects. This would also reduce costs involved in