Ask Financial Management Expert

Key Assessment

Goal: To examine the positive and negative aspects of group/team development. Using critical thinking skills to write a paper on what managers can do to encourage a healthy team environment.

This week's assignment gives the student an opportunity to investigate how the relationship among team members shape employee behavior. The exercise will provide insight into how managers influence the direction of team cohesion.

Completion of this assignment will strengthen understanding of empowerment and communications.

Assignment Description:

The idea of teamwork continues to be popular, some may say, a necessity in today's competitive environment. Successful companies such as Apple, Inc., WalMart, Target, to name a few, pride themselves on success through teamwork. But, teamwork does not simply happen. The manager must work hard to ensure there is balance between the needs of the team and the needs of the individuals who make up the team.

Watch the following video:

[CRM Learning, L.P.]. (2008, July 7). Abilene paradox, communication training, organizational behaviors, accountability.

This video is a synopsis of the Abilene Paradox and how group think influences decision making within a group.

The Abilene Paradox is a story of a group of individual who agree on a course of action based on the theory that it is best for the group, despite going against the preferences of the members of the group.

In this assignment, you will write a 3 to 4-page paper on the positive and negative aspects of teamwork. Your paper should address the following guidelines.

1. What is teamwork and how is it different from group work?

2. What are three (3) positive reasons why a manager would prefer working with teams?

3. What are three (3) negative reasons why a manager would prefer working with teams?

4. What are the similarities between the Abilene Paradox and groupthink?

5. Name at least three (3) ways a manager might strengthen team member commitment.

6. Name one local, national, or global organization that you feel represents success through teamwork.

Lessons you acquired from the video should be reflected in your paper. This is a critical thinking assignment.

You research should not be limited to your course textbook. You are encouraged to review suggested reading material found in the Suggested Reading Material folder in this course.

The Herzing online library is an excellent source for collecting scholarly material.

Parameters:

Your satisfactory completion of this assignment is based on the following criteria:

1. Accurate description and reference of all concepts and theories used in completing your paper.

2. Practical examples of concepts that lead to continuing interest in the topic.

3. Synthesis of concepts and theories from other course activities.

4. Well-organized, clearly presented work (free from excessive spelling and grammatical errors).

5. Properly cited sources using APA 6th edition.

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92844695
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Financial Management

Assignment problems1 on the day harry was born his parents

Assignment Problems 1. On the day Harry was born, his parents put $1600 into an investment account that promises to pay a fixed interest rate of 5 percent per year. How much money will Harry have in this account when he ...

1 activities of a company that require the spending of cash

1) Activities of a company that require the spending of cash are known as: A) Uses of cash. B) Cash on hand. C) Cash receipts. D) Sources of cash. E) Cash collections. 2) Relationships determined from a firm's financial ...

Module discussion forumto prepare for this discussion

Module : Discussion Forum To prepare for this discussion, review "Basics of Speechwriting" and "Basics of Giving a Speech" in textbook Chapter 15. Then watch this video of Apple founder and CEO Steve Jobs giving the 2005 ...

Launching a new product linefor this portfolio project

Launching a New Product Line For this Portfolio Project Option, you will act as an employee in a large company that develops and distributes men's and women's personal care products. The company has developed a new produ ...

Question 1 discuss valuing bonds and how interest rates

Question : 1) Discuss valuing bonds and how interest rates affect their value. Also consider the importance of the yield-to-maturity (YTM). 2) Discuss common stocks and preferred stocks. Also, which common stock valuatio ...

Introductionlast week you determined the root causes of the

Introduction Last week, you determined the root cause(s) of the problem you are trying to resolve for your final paper. As a reminder, the decision you are working on is the one that you selected in week two. This week, ...

You have owned and operated a successful brick-and-mortar

You have owned and operated a successful brick-and-mortar business for several years. Due to increased competition from other retailers, you have decided to expand your operations to sell your products via the Internet. ...

You will be conducting an interview with a market research

You will be conducting an interview with a market research professional or a company representative. Use the results of your research to make specific recommendations on how market research can be applied to the Marketpl ...

Question 1 what is marketing research what are the two

Question 1: What is marketing research? What are the two primary types of research? Question 2: What factors influence marketing research? Question 3: The role of statistics in business decision-making? Assignment : Sele ...

Chapter 74 for commercial banks what is meant by a managed

Chapter 7 4. For commercial banks, what is meant by a managed liability? What role do liquid assets play on the balance sheet of commercial banks? What role do money market instruments play in the asset and liability man ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As