What is teamwork and how is it different from group work

Assignment Help Financial Management
Reference no: EM132007047

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.

Reference no: EM132007047

Questions Cloud

Prepare a schedule showing the amount of direct materials : Prepare a schedule showing the amount of direct materials used in production during the year. Prepare a schedule of Cost of Goods Manufactured
Why the selected stock is a suitable investment for clent : Provide a rationale for the stock that you selected, indicating the significant economic, financial, and other factors that led you to consider this stock.
Compute the company depreciation expense : On January 1, 20X5, management shortened the remaining service life of the machine to 15 months. Compute the company's depreciation expense for 20X5
Estimate svi commission revenues for the coming year : SVI is a large securities dealer. Last year, the company made 570,000 trades with an average commission of $25. Estimate SVI commission revenues for coming year
What is teamwork and how is it different from group work : 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 .
What would be the journal entries you would make : How would you amortize it under the straight line method? What would be the journal entries you would make? How about double declining method
Calculate the wacc for your company : Calculate the WACC for your company(Costco), which will now be useful in evaluating the project's effectiveness.
They switch to the proposed structure : What will be the standard deviation in EPS if they switch to the proposed structure.
Accounts in response to a stock dividend : How much would be transferred in (or out) of these accounts in response to a 30% stock dividend, respectively?

Reviews

Write a Review

Financial Management Questions & Answers

  Bought a bond with annual coupon rate

Suppose you bought a bond with an annual coupon rate of 5.6 percent one year ago for $800. The bond sells for $865 today. a. Assuming a $1,000 face value, what was your total dollar return on this investment over the past year? Total dollar return $...

  Holmes after-tax cost of debt

The Holmes Company's currently outstanding bonds have a 9% coupon and a 12% yield to maturity. what is Holmes's after-tax cost of debt?

  Likely impact of the changed cost structure on billot

With sales revenues as the independent variable, what is the likely impact of the changed cost structure on Billot’s:

  Taxes are important consideration in the leasing decision

Taxes are an important consideration in the leasing decision. Who is more likely to lease, a profitable corporation in a high tax bracket or a less profitable one in a low tax bracket? Explain why.

  How many common shares are currently outstanding

Harper Industries has $900 million of common equity on its balance sheet; How many common shares are currently outstanding?

  Determine equivalent total present worth for all cash flows

Use-6 % per year to determine the equivalent total present worth for all these cash flows.

  What is the after tax cost of the firm debt

Suppose your firm wishes to finance a project with debt. The current price of the firm's debt is $1,100. These bonds pay an annual coupon rate of 9.5%, have a par value of the standard $1,000, and a maturity at the time of issuance of 30 years. Your ..

  What is the cost of each synthetic trading strategy

What is the cost of each synthetic trading strategy?

  An advantage of raising funds by selling bonds

An advantage of raising funds by selling bonds rather than common stock is that

  What is the cost of preferred stock-risk-free rate

The 8.50 percent preferred stock of Ajax Unlimited is selling for $92.30 a share. What is the cost of preferred stock if the risk-free rate is 3.95 percent?

  Compute realized rate of return for investor

Compute the realized rate of return for an investor who purchased the bonds when they were issued and held them until they were called.

  Change in wacc affect the project forecasted npv

Lasik Vision Inc. recently analyzed the project whose cash flows are shown below. By how much did the change in the WACC affect the project's forecasted NPV?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd