What are the costs of conflict?

Running Head : COSTS OF CONFLICT

Costs of Conflict

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Costs of Conflict

Conflict produces several things that are often times not seen and most of it loses . It can be considered as the cost of conflict , which represents a drain of resources on the part of the parties that are involved . It also causes unhappiness and discomfort . Although it is not clearly seen in many cases but conflict does cost and it cost a lot of which money is involved . We may not see it but

being into some kind of conflict does cost us money and other things that are considered to be valuable and these are considered as the cost of conflict

Conflict really does cost a lot in several forms however , these forms can be classified into five types defending on how money is lost in resolving the said conflict and how the conflict affects the persons involved . Cost of conflicts can be direct cost and opportunity cost that is divided into direct loss and opportunity cost , continuity cost and emotional cost . Although these are different from one another but it does not necessarily mean that the cost of conflict can be classified into one of these categorize . A conflict may cost two or three type of these types and even all of them

Most people have the inability to face conflicts and so they hire professionals to settle the conflict , this is called direct cost . The amount that the conflict cost can be seen visibly and counted as well because they involve money directly for the resolution of the conflict Those that are involved in the conflict pay people like lawyers and other professionals to solve the problem . By doing so , it can clearly be seen that the particular conflict cost money . An example would be divorce in which a couple pays legal fees in to be separated from each other in the legal way . This of course cost much and for those that the only asset is their home , they even transform their residence in to provide the legal fees needed for the divorce

Another cot of conflict is the productivity cost the person 's time as well as the value of his or her effort that is lost in the conflict This form is divided into 2 types the direct loss and the opportunity cost

The direct loss is the value of money that a particular person should be paid for but had not been paid because of the conflict . If a particular company employee had been absent in his or her work because a conflict arise that he or she must settle then he will not receive payment for the time that is used in solving the conflict

Opportunity cost on the other hand refer to the value of money that someone might be earning if his or her energy had been focused on the producing products in which he is being paid for . An example...