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This week me and my team has definitely felt a slight heightened pressure, as feels that the end of the mikes bikes simulation and semester is creeping upon us. As a group we tried to function as are usual efficient selves but with an increasingly complicated business strategy due to the huge growth we had experienced in previous weeks, we did struggle. More tasks to do and same amount of time made it feel like we were frantically rushing every decision without as much thought as past weeks. As a result for the first time we saw a negative result in our overall share price, not to bad, but because of our past success it is definitely hard to take. Why did this happen? obviously it is not a one solution problem as many factors come into play but the readings this week definitely felt relevant after the last roll over.

If we had a good week, we would of created a good separation between us and other groups in terms of share price. Because we didn't it has given others a chance to even the playing field and so we as a team definitely want to work even harder to get back on top. However, how do we do this and continue to grow? Firstly I think that targeting and focusing on producing to profitable micro-segments of customers and our products will be a good start (Baghai, M., Smit, S., & Viguerie, P., 2009). Finding the parts of or strategy that is working and which parts are not will help us understand how we can come through the other side of this slight dip. Just because we have had one bad week I think it is important that we all stay positive about what we are doing and look for opportunities that will allow us to pass completion and not just be passive and 'ride out the storm' (Baghai, M., et al., 2009). To do this we can't just rely on one or two leaders of the group but all take responsibility to look for new opportunities for growth (Baghai, M., et al., 2009). In a group our size we all need to be leaders and help each other, which we have done in the past but as the stakes gets higher so will our workload so I am happy that I have such a great team!

As the end nears, I can see that this course and simulation will become very interesting in terms of who pulls out on top. With hard work and the right strategy, I have no doubt that our team can turn it around and give ourselves the best possible chance to finish near top.

 

 

 

 

 

 

 

Baghai, M., Smit, S., & Viguerie, P. (2009). Is Your Growth Strategy Flying Blind?. Harvard Business Review, 87(5), 86-96.

Daudelin, M. W. (1996). Learning from experience through reflection. Organizational Dynamics, 24(3), 36--48

4 Comments

  1. To do this we can't just rely on one or two leaders of the group but all take responsibility to look for new opportunities for growth

    Be specific what will you do; rather than what the team (we) will do? Your exhortations sound okay, but how will you translate them into action?

    Overall, it feels like you have forced the readings in here. Was there no other reading that was more 'meaningful' to you in your current situation?

    1. Firstly, I would like to thank all the commenters for this week as I feel that the constructive feedback is fair and has been very helpful for me especially with the summative journals coming up. I can definitely see how it could look like I have tried to 'fit' the readings into this journal however in hindsight it was rather an incorrect process that I started with in writing this journal. I read the reading and saw similarities to be drawn from my team to the organization that was being described. This is how I got caught in the trap of describing my teams learning rather than my own. I should of instead reflected on the week and what I have learnt out of the readings, instead of using the readings to identify with. This and improved structure through paying better attention to Daudelins guidelines could definitely have helped my own journal and expression of what I had learned in this week

  2. Okay, after the past several weeks and some grueling lessons, I have to apologize for the reflection I have provided in week 4.

    In hindsight, the quality of the feedback at the time was rather poor and was seen as nothing but a hindrance that required completion for the purposes of course work. But as I have grown to understand the importance of feed backs, I think it would do you justice to compare the quality between the 4th and your most recent entry. 

    First of all: You will benefit from following Daudeline's structure in greater detail. I failed to see a lot of logical flow between your initial questions to your theoretical analysis. As peter have mentioned above, you must be more specific in addressing your problems, why they occurred, how they occurred and what have you gotten out of it. You might also want to address in detail what were you guys have done wrong previously in detail to demonstrate you have learnt from your mistakes rather than mentioning it passing.

    Although you do not necessary have to cover every single reading in a week, it would appear you have only scratched the surface of the intended message behind the readings by focusing on specific points rather than the overall message. Although there is nothing wrong with this approach if you had specific points to address or critique, but in the context of your reflection, it feels contrived without a whole lot of higher level application of Bloom's taxonomy. You could also benefit by being critical with the readings themselves as they are often not the only solution to every problem and how their recommended steps have or haven't been part of your strategy all along etc etc.

    Overall, it seems your level of improvement have been marginal since week 4, perhaps a little ode to the feedback you have received. With the summative looming around the corner, there is still time to make improvements in your writing.

  3. Hi Mich, 

    I read your journal this week and then your week 4 journal straight after. When analysing them both, I can see that you raise similar points in both journals such as your team work and the decision making process regarding leaders and followers. This makes me concerned as to why you chose to focus on this weeks  readings when previous weeks readings (like the one from week four) and also the reading on leaders and followers could have helped you apply the content a lot better. In this way I agree with  Peter that you somewhat forced the readings this week into your journal. Although I do feel like you raise a good issue, I feel like you should have analysed why his issue has occurred more especially reflect on your past weeks as you said in the week four journal that you had a busy week as well. How did your team cope then? Would the same strategy work this time with your lack of time? Reflecting on previous weeks and how you dealt with previous weeks challenges could really help you especially when it comes to your summative journal. I feel like as similar themes keep coming up, you should focus on these issues for your summative journals in greater detail to reach the higher levels of blooms taxonomy. 

    Overall there is an improvement in your journal with the depth of your discussion which clearly shows development over the last 5 weeks. Good luck for the rest of the simulation!