Under Covers Conflict

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Secondly, the lack of effective and coherent communication between Ruth and Celia. Establish a rule to maintain the inertia of communication between partners is the key to partnership work. From the case can be found that the partner relationship between Ruth and Celia has already bury hidden dangers in some company planning problems, such as installation of telephone, profit distribution, if they can earlier maintain long-term and effective communication between the two, more frank exchange of their views, and reached a consensus view, the issues probably would not happen.

Prescription and Fallout

In the long run, first of all, establish and improve internal financial management system. The company should actively improve the financial system, strictly check the financial system according to regulations. The company should establish scientific and efficient financial management system, which can be gradually improved with the development of the company. Secondly, strengthen the introduction of talent in financial aspects. In the company's financial management process, pay attention to the selection and training of professional accountants; in personnel management system explicitly required standards, equip financial operations personnel in a scientific and rational way; according to different stages of enterprise development, to continuously improve the professional and academic demand for accounting employees, improve qualification system; strengthening the re-education work of financial workers, in order to adapt to the development of enterprises.

In the short term, first of all, Ruth must clarify the company's financial position without any reservation to Celia, and said that she will not be investigated who is to blame, she only wants to work together to help companies tide over the difficulties, If the situation continues to worsen, the company is likely to fall into utter hopelessness. She wants Celia temporarily hand out her part of their interests as the company’s budget fund, of course, she would do the same. After all, emotionally speaking, Celia also do not want to lose this business. Ruth can try to express this statement in a positive way to Celia, for example, she could mention a pleasant experience when working together at the university, the hard experience during the initial stage of pioneering, etc. Studies have shown that, based on emotional contagion theory, the familiar individuals easier to transmit emotions to each other, the more intimate relationship with each other, the more obvious extroverted emotional expression (Hatfield, Cacioppo, 1994). Ruth’s positive emotions and expression may be able to evoke Silica’s feeling.

The fallout of this case is that even Ruth and Celia can work together to help the company through this difficult period, but due to a series of differences in their cultural background, values and work ethics, the contradiction between their husbands. In the future, they may also encounter more conflicts. To address this problem, early and frequent communication is very important. Open and courageous communication is a necessary part of a successful partnership. With the company's growth and development, the role of partners will continue to change. At the beginning, they can only perform their respective duties, but when the new task appears, in order to maintain a well-defined role, ongoing dialogue is necessary. For their husbands, Celia's husband specializes in legal work, while Ruth's husband is good at investment advisers. On the basis of complementary advantages they can bring tremendous benefits to the company.

References

Hatfield, E., & Cacioppo, J. (1994). Emotional contagion. Cambridge [England: Cambridge University Press ;.

What is financial management? definition and meaning. (n.d.). Retrieved June 25, 2015.