Problem: It was very interesting being owned by another team. They were very cooperative and helpful in giving my team some tips to improve the SHV. We seemed to follow what they were doing. However, our SHV is not going up again, unfortunately. We have got to do something within two weeks to get a better SHV value.
Analysis: The reason for our SHV to drop might be abandoning one of the bikes. This resulted in increasing our idle time and reducing our production %. Plus, my team has a lot of factory capacity, which is being wasted with the workers in the factory, not doing anything. The team members have thought of dropping the product because they thought the bike was not producing a lot of sales. We have decided to create demand in other aspects of the market segment and spend more on distribution and cutting additional costs.
Theory: I intend to be using Drucker's (2005) article on Managing oneself for the SHV to rise. According to Drucker (2005, p. 100), 'success in the knowledge economy comes to those who know themselves - their strengths, their values, and how they best perform'. I think it is essential for each team member and myself to think of our strengths, weaknesses, values, and performance for the SHV to rise. There is a responsibility for relationships among team members to prosper in terms of knowing about their strengths, performance modes, and values. Similarly, Drucker (2005, p.107), states that 'the first secret of effectiveness is to understand the people you work with for you to make use of their strengths'. This means we have got to help each other out. It will help to understand the ways of what decisions to make, why are we doing it, how are we doing it, and what results to expect.
Action: I think as a team, we will have to reflect on what went wrong in making the decisions and how we got improve in the later future is essential. It will give the time to find a strategy that will help my team to have an increase in SHV. On the other hand, the team that bought us might be able to help us with the ways to get back on track.
Drucker, P. F. (2005). Managing oneself. Harvard Business Review, 83(1), 100-109.