The purpose of this project was to highlight various factors, which were brought to light during a twelve-year business simulation. It was carried out as part of a Business enterprise Skills course.

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Executive Summary

The purpose of this project was to highlight various factors, which were brought to light during a twelve-year business simulation.  It was carried out as part of a Business enterprise Skills course and a presentation had to be given on what occurred during the simulation.

Five people, including myself, were put into a team using belbin profiles to get the correct mixture of people in the group.  They then had to run a business simulation for a whisky company, making decisions on marketing, production and prices along the way.  This was done well-placed strategies throughout the simulation, for example, to undercut the competition on prices and marketing.

The key findings were that not everyone can work well in teams to begin with, but given time they are able to adapt and the can create new skills for future use.

Contents

1.0        Introduction

2.0        The Team

2.1        Effectiveness

2.2        Team Roles

2.3        Group Dynamics

2.4        Decision Making Process

2.5        Communication Skills

2.6        Time Management

2.7        Different Management Styles

3.0        Students own attitudes and behaviors within the simulation

3.1        Own Skills

4.0        Conclusion

5.0        Bibliography

1.0 Introduction

The following report is a reflective view on students within a team’s experience for a twelve-year business simulation for a whisky company.  Various items will be drawn upon, such as the different elements of the course, using relevant concepts of entrepreneurship where appropriate.  The report will reflect on the team, its effectiveness, team roles, group dynamics, the decision making processes, communication skills, time management, different management styles and my own attitudes and behavior within the simulation.  

2.0 The Team

2.1 Effectiveness

The team worked very effectively once their roles were designated.  Every meeting held was planned and mapped out to allow each member of the team to have an understanding of what needed to be done.  At the end of each meeting everyone understood what had been covered and was happy knowing what was still to be done to achieve the team’s goals.  At some points there was some confusion, as specific tasks were not handed out.  This was mainly due to there not being a strong leader figure in the team and also certain members absents.

2.2 Team Roles

EXTROVERT ROLES

- Outward looking people whose main orientation is to the world outside the group, and beyond the task(s) in hand.

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INTROVERT ROLES

- Inward-looking people principally concerned with relations and tasks within the group.

Different roles are important at different times, and the effective team will be aware of who should be 'centre stage' at a given time. You can of course link Belbin roles to personality types, where you'll find common words like 'Extrovert' and 'Analytical', but Belbin roles can be are less definitive.

Benefits

  • Improve team morale and personal motivation by understanding your role ...

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