Question

In: Economics

1. IDENTIFY & DISCUSS WHAT IS THE FOUNDATION/REASONS FOR TEAM EFFECTIVENESS 2. IDENTIFY & BRIEFLY DISCUSS...

1. IDENTIFY & DISCUSS WHAT IS THE FOUNDATION/REASONS FOR TEAM EFFECTIVENESS
2. IDENTIFY & BRIEFLY DISCUSS THE " PROS & CONS " OF TEAMS & GROUP DECISION-MAKING
3. DISCUSS THE CHARACTERISTICS OF HIGH PERFORMANCE TEAMS & WHAT DIFFERENTIATES HIGH-PERFORMING TEAMS FROM THE REST ?
4. DISCUSS GROUPTHINK & WHY GROUPTHINK CAN BE DETRIMENTAL TO EFFECTIVE GROUP FUNCTIONING ?
5. INTEGRATE YOUR "PERSONAL" OPINIONS/EXPERIENCES THROUGHOUT
6. PREPARE YOUR "OWN" CONCLUDING STATEMENT / PARAGRAPH DISCUSSING YOUR THOUGHTS

Solutions

Expert Solution

1. Team refers to a collection of individuals to attain common goals where each member is accountable an responsible for the goal and leadership is generally shared. An effective team implies it attains its team's objectives with availabe resources. For a team to be effective the following factors are to be considered -

a) High cohesion - cohesion/cohesiveness implies bonding among team members. With high cohesion there will be higher sense of belonging to which members will be high motivated to make the team effective.

b) High similarities and lesser dis similarities - Team members should cherish the similarities they have in comon with other members like in notivational drives, perception, attitude, lifestyle etc and should avoid the conflicting nature to have more collaboration.

c) Communication - There should be open and 360 communication so that each and everyone is heard to which not only important ideas get shard but also sense of belongingness increaes.

d) Shared leadership - Rather than authoritative and similar leadership styles, shared leadership styles like participative should be excercised to have better result.

e) The orientation should be more task oriented when required otherwise it should be people oriented.


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