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This week I have a little bit of a mixed feeling, whether I should be happy or a little upset. After what seemed like a hopeless and never-ending pitfall, we managed to finally pick ourselves up and get back on our feet through a little aid of a cash injection. We were much more careful in our decisions and budgeted our spending with much more caution.

I think this is what Davies & Easterbay-Smith (1984) were trying to portray – looking at the improved development as a stage that an individual has reached in his or her ability to learn. I think at this point, we are pretty much experts at looking at the reports, but we are still unable to understand why our ‘amazing sales’ (quoted from the helpline for Smartsims) were not turning into profits – I guess it is because we don’t have cash to do anything. This just goes to show that we still need to keep developing ourselves and our skills and our relationship among group members (Katz, 1995) I feel as though we haven’t really made a great connection as a group – this may only be my thought, but we are not as interactive or engaged as the previous groups I have worked with.

Maybe my expectations were too high, I’m not sure. Anyways after we finally managed to get the shareholder value up again (not by much, but a significant amount for us) from 0.09 dollars to 2 dollars to find that our business has been taken over! I guess this could be a good thing in a way, so that we can collaborate together and gain more guidance from a firm that is performing much better than we are – and if we do bad, it’s bad for them too so they have to help us do better than we are currently doing. I hope that this is the end for our dark days and we can finally spread our wings to achieve what we aimed to achieve - success

Davies, J., & Easterby-Smith, M. (1984). Learning and developing from managerial work experiencesJournal of Management Studies, 21(2), 169--182. doi:10.1111/j.1467-6486.1984.tb00230.x
Katz, R. L. (1955). Skills of an effective administratorHarvard Business Review, 33(1), 33--42.

2 Comments

  1. Hi Mira

    Lots of things happening in your team, I can understand how you feel. But obviously my team might not be in the same market as your team, so I don’t know what is happening in your market. I think I should give you some general but useful hints, you can consider lower the retail margin (its up to your team to decide the figures), and lower costs for example modify your bike to decrease to cost of product per unit. Also think about a long-term strategy for your bike company, which I think this goes back to the point you have reflected in your journal. I think your team will need to sit-down together and decide a long-term strategy. Just meeting up to make the decision wont be enough. But it’s a pity to be taken over.

     

    Applying your reflection to the reflection processes, you have been quite brief and you haven’t really followed Daudline or bloom’s taxonomy. I know it’s sometime quite hard to use the model, but try using it next time. It might be helpful for the summative reflection.

     

    Good luck to your team. 

  2. Hey Mira (smile) 

    In terms of Daudline's reflective process, I found it hard understanding what problem(s) you faced this week. I agree, it is quite confusing when trying to structure your journal around such process. I believe that if you look at week1s reading about how to learn through reflection, you will be able to understand what Peter is looking for in our journals. In terms of the understanding you have with this week's readings, I believe that critically analyzing further will enrich your journal and therefore will benefit your summative reflection greatly.

    All the best for your remaining journals !