My experience with MikesBikes this week did not go as I thought it would. Like usual, I had left the task to the night before with the belief that it'll take me a few hours tops. Boy was I wrong. It took me a good 2/3 hours before I had finally managed to increase my SHV to $16 and I was starting to prepare for a very long night ahead of me. With some luck, I somehow managed to get my SHV to $36 before calling it a night. Although I managed to reach the benchmark of $25 I was still very anxious and doubtful about my level of competency with MikeBikes and was worried about how it would then affect my performance in my team.
As I explained in my journal last week, i am not 100% convinced on the idea of teams because I have often been placed in a team where other members don’t pull their weight and have therefore let the team down. However, after this week's lectures and reflecting upon how hard I found MikesBikes, I was left panicking at the thought that because my ability and understanding of MikesBikes wasn't the greatest, that this time around I would be the person in the team who is letting everyone else down. It made me realize that as the CFO (a position where I have limited knowledge) I would need support from my team members in order to run the simulation successfully and I began to fully appreciate what it meant to be in a team. It also made me realize that I have a lot to learn and familiarize myself with before our first ‘rollover’.
Katzenbach & Smith,(1992) define a team as being a small number of people with complementary skills who work towards a common goal/have a specific purpose and have mutual accountability. After reading this I came to the conclusion that in business 101, I wasn't part of a team. Instead I was a part of a group as we all had different goals and no mutual accountability, this has now completely changed my feelings towards working in a team this semester and I am feeling much more positive. After meeting my team this week i am confident and excited to be working alongside them for the next 10 weeks. We all shared common goals on what we want to achieve and established that open communication, collaboration and constructive feedback would be pivotal to our TEAM’S success in the coming months.
Katzenbach, J. R. & Smith, D. K. (1992). Why teams matter. McKinsey Quarterly, (3), 3--27