My group has been facing a lot of adversity over the past few weeks, with a constantly decreasing shareholder value, and a growingly negative profit. The problem we have been facing is that of failure, and how to dig ourselves out of this whole.
Over the past few weeks, failure has been a looming cloud on everyone's mind. Each week we seemed to just be digging a deeper whole and not finding our way out of it. This problem was something that could cause our group to get a really negative group grade, and was something that we all needed to work on urgently.
Theory behind this problem, it seems the more you scratch at something, the worse it gets. We were trying so many random things, that we thought were calculated decisions, but turned out just to be making the problem worse. What we needed to do, and what happened this week, was sit down as a whole group for a good two to three hours and focus on our strategy. We were able to look at the bigger picture, focus on the numbers, and find a strategic method to get out of the hole we were in.
Action. We did it! We finally had a positive result, with increasing profits and increasing SHV. Going forward, we need this type of strategic mindset in every decision we make, and a whole group present if possible!
Daudelin, W. M. (1996). Learning from experience through reflection. Organizational Dynamics, 24(3), 36-48.