Coming back from our lovely break week 7 faced us with a new challenge in out mikes bikes simulation. The country our organisation is placed in China is in big trouble with a few companies struggling big time to stop their complete failure. This would mean a lack of expansion in the market so that teams that are currently doing well won't be able to continue to expand and increase shareholder value into the future. This lead to a dilemma faced by teams that were doing well, as a need for them to help the teams not doing so well is created. However they also don't want them to become really good and competitive to a point where they would be able to get a better result or take away from the end result of the teams doing really well. It was decided though that it would be beneficial for all teams in the market, in the long run to help those that are not doing so well. Overall by having a larger market for bikes with some success in every team will lead to creating more success for the teams doing well currently. Meetings with CEOs were held this week and help was supposedly given to the weaker teams, or those that turned up. This however doesn't look to be as successful as hoped for with one of the teams getting a shareholder value of 1.01 after the rollover on Thursday. This links quite well into the readings for the week teaching smart people how to learn. Obviously people in these teams that are not doing well are smart but they could also be single loop learners. These type of learners are seen to block out criticism and pass blame onto others when this type of learning strategy turns bad (Argyris, 2002). This may of happened to the teams that continued to fail as they may not be taking in the criticism and advice they are given from the others teams. This to me seems incredibly foolish and actually quite frustrating when we genuinely want to help them.
Argyris, C. (2002). Teaching Smart People How to Learn. Reflections, pp. 4-15.