This week our team prioritised Mike's Bike over all other obligations since we realised the amount of work we need to put into it is huge should we want to get out of the bad situation that our firm was in. After hours of intense discussion, we managed to get the problems sorted and came up with a few different solutions. To be completely honest, this was the first time I really felt that every single member was engaged. At certain points of the meetings, discussion turned into arguments even from the less vocal members of the team. I see this as a good thing since it shows that all members are willing to express themselves and voice out their opinions instead of holding back. It is very important to be heard when you work in a team. This has been emphasised by the course structure which includes a peer review at the end. As a result, we did the best we could do for this roll-over and got all the predictions correct. I said "we did the best we could do" instead of "we did well" since we are still not out of the danger zone yet and still have to make many changes.
According to Davenport (2006), a firm's sources of strength include the right focus, the right culture, the right people, and the right technology. This is applicable to our team's performance largely. For example, this week we managed to put our focus in the right direction and executed neatly with the presence of all members, leading us to the results that we expected. We have also developed some kind of culture within our group, making it much easier to work together now than the first few weeks. Technology has been our friend since day one since we made full use of emailing and facebook to communicate effectively, saving us so much time in comparison to actual meetings. I strongly believe we got the right people in the team. Each of us knows our own department well and cooperate like a team with a high level of tranparency.
Davenport, T. H. (2006). Competing on analytics. Harvard Business Review, 84(1), 98--107.