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This week my team took a risk and unfortunately it didn't pay off. We are now left in a very sticky situation for next week’s rollover because of this week’s poor outcome. Prior to this we had been smart with our decisions and being in this position is one that we are not familiar with. This week’s reading has been very relevant and I believe will help us find our way forward. As the CFO, it’s up to me to figure out what went wrong in regards to our finances. So the problem(s) that I am faced with is identifying what went wrong, but more importantly WHY it went wrong. On a side note, I am faced with the problem of writing a true and honest reflection without giving too much away to my competitors!

In all honesty, our problem can be pinpointed to one exact reason: our predicted targets weren’t met. Taking advice from Argyris, I believe that it’s important for me to critically reflect on my behaviour and identify the ways that I have contributed to my team’s problems (1991).  It’s my job to ensure that we are spending wisely and allocating our money in the most efficient way possible. Although I had planned for a ‘worse case’ scenario, I hadn’t predicted that our ‘worse case’ would be as bad as it was. I can’t help but think that my lack of planning is what has let my team down. Not only that, but has my lack of assertiveness over department spending caused this problem that we are in? Perhaps I should’ve questioned decisions more? But to be honest most of our decisions have been made as a collective and I have agreed with them. At the beginning of Mikes Bikes I was afraid of being too conservative with our finances but looking back maybe I should have been more conservative.


My tentative theory is that I had simply failed to come up with a plan ‘C’ because we have never even needed to resort to a plan ‘B’. Our lack of failure so far has led to me being bad at double looped learning (Argyris, 1991). In hindsight this was incredibly naïve of me and it is safe to say that I have learnt my lesson. Moving forward there are a number of actions that I will take this week to figure out what my plan of attack will be. Lengthy discussions with my team and our stand-in lecturer will be among those plans, however this rest I won’t disclose due to the competitive nature of this course!

 

 

Argyris, C. (1991). Teaching smart people how to learnReflections, 4(2), 4--15

2 Comments

  1. Hey Tayla, 

    I thought this was a very good reflection. You articulated your problem very well and I certainly received the feelings of frustration and unsteadiness you were trying to communicate. You followed Daudelins guidelines well, and your paragraph structure certainly added clarity to this. 

    I can see you feel frustrated with your own personal efforts, but as we are not a group comprised of individuals (or at least we do not set out to be), the burden of responsibility lies upon the whole team. As you have highlighted, perhaps the targets and goals were too ambitious, or rather not conservative enough to assess or mitigate the risks effectively enough and this may be a fundamental issue the team should address.

    Perhaps to go even higher in Blooms taxonomy, you may wish to talk about the potential challenges of having an honest discussion with the team? For example, people may not be completely open or upfront as they do not wish confrontation or conflict. 

    Overall I was impressed with this reflection!

     

  2. If there ever was a time for a good reflection for our team, it's now, and you've done good job with this one. You've managed to reach quite high in Bloom's Taxonomy. When you were reflecting on your actions from this past rollover and searching for where the fault lied you were reaching the Analysis level quite well. You also then made judgements on whether or not certain actions were actually cause which really strengthened your reflection. To take this further, you could test to see if you were right about where the problem was by changing it during the next rollover. That way if you then talk about it in your next learning journal, you can probably reach even higher in Bloom's Taxonomy. 

     

    Overall this was a good reflection. We took a risk last rollover and it didn't lead to what we expected so we need to figure out why that was. I know the whole point of the journals is to reflect on the week, but we need to move forward as a team and not dwell too much on last week. Let's do well this time around.