It’s been two weeks of amazing experiences that have left me intrigued to know what will happen in the coming weeks. This week experience with MikesBikes simulation was a rollercoaster of ups and downs. I practiced for an entire day trying to get my shareholder value up with different approaches. At the end of the day, I understood and managed to get a shareholder value of $26, which I was really excited about it. I found that the simulation was just about regulating the value of several elements, and understanding and watching their responses to changes. This in many occasions made me reflect if I was on the right path. In the end, I got the skills of understanding the effects of basic adjustments one could make such as introducing new products, marketing costs, and production strategies. After sitting for many hours trying different combinations and many frustrating fail attempts, eventually my shareholder value was a success.
Besides doing the MikesBike simulation, this week we were assigned into teams according to our interest, skills, and expectations by filling out a CV. At the moment of completing the CV form, I found myself struggling trying to answer some questions. For Example, the question asking what kind of team would I like to be part of, made me undecided between the options “Fun loving” and “Highly – competitive”. I expect that by choosing “Highly – competitive” would not express that I don’t want to have fun as well and enjoy the team experience. I think that being in a team and have the opportunity to find people with similar ideas and goals, and being collaborative with others generates huge potential to be engaged with the experience and to develop great ideas for the team benefit. Katzenbach and Smith (1992) define team as “a small number of people with complementary skills who are committed to a common purpose, performance goals and approach for which they hold themselves mutually accountable.” This definition aligns with what I expect my team would be along the semester. After meeting some of my team members, I’m really excited and pumped up for the results we could obtain at the end of the experience running MikesBikes together. However, my only concern is not to let my team down since I’ve been chosen as the CEO of the firm. I know that they expect heaps from me and that I have to demonstrate to them and to myself that I’m able to engage with leadership actions to lead the team to the success we are hoping for. I’m really excited for this unique experience.
Katzenbach, J. R. & Smith, D. K. (1992). Why teams matter. McKinsey Quarterly, (3), 3—27.