This week has been very constructive for our team and feel we are really starting to get a strong feel for Mikes Bikes. We were able to achieve a much higher shareholder value as well as a large portion of market share. I believe the readings from last week were very beneficial to the members of our team, which changed the way we approached making our decisions this week.
According to last weeks reading Davenport (2006) identifies that a key factor in determining an organizations ability to learn and become successful relies strongly upon the companies ability to collect, process, analyze data and implement decisions based on that data. Over the course of the semester I felt our team got caught up in a weekly routine and began to make decisions with out justification. However after identifying this problem and discussing it over with the team we have since become very critical of the information provided and have been able to identify key areas that we need to improve on and have a stronger understanding of the competitors. This was a result of analyzing the data and basing our decisions from the insights drawn.
Being the last learning journal for the course it’s important to note that I have enjoyed the course and found it very interesting. Having very minimal to no lecture times every week is a new concept to me and was skeptical at first. I found the reading by Christensen (2010) related strongly to this course as to work efficiently and become successful in this course it is important to set goals as an individual and as a team, whilst also allocating the right amount of time and energy on things we desire to achieve. Another aspect of the course that I initially was skeptical about was the required learning journals and reflective aspect of the course. However over the semester I have begun to understand the importance and benefits that positive reflection can provide. I have fond myself not only reflecting on this course but many other aspects of my life. The framework introduced by Daudelin, (1996) has been very important in identifying and finding solutions to challenges and is an aspect of the course that I can utilize and drawn upon in future situation and experiences.
Christensen, C. M. (2010). How will you measure your life? Harvard Business Review, 88(7/8), 46-51.
Daudelin, M. W. (1996). Learning from experience through reflection. Organizational Dynamics, 24(3), 36—48.
Davenport, T. H. (2006). Competing on analytics. Harvard Business Review, 84(1), 98--107