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Business Assignment: Financial Loss due to Ineffective Teamwork

   

Added on  2020-05-28

10 Pages2539 Words60 Views
Professional Development
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Running head: TEAMWORK TEAMWORKName of the student:Name of the university:Author note:
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1TEAMWORK Case study:Financial loss faced by ABcorp organization due to ineffective teamwork:ABcorp organization was going through a terrible financial condition. It was in need of astrong contract from some of the large companies of the nation who uses steel for theirproduction. ABcorp is mainly based on preparing steel from its raw materials and selling steel toother organizations that require them to prepare their own products. The growing competitionamong the steel industry had made it difficult of the ABcorp organization to survive. It wasindeed in need of a big contract from an organization that would buy steel from them. At thattime, Amber Technologies sent an invitation to the organization for their bids. Ambertechnologies are specialized in developing home products which include washing machines,refrigerators, televisions, microwaves, toasters, coffeemaker and many similar other products.Fortunately, ABcorp organization won the bid. Amber technologies requested the ABcorp todevelop a proper plan in a presentation mode discussing the benefits they would be getting andplanning the financial transactions that would be conducted between them throughout the year. Itwas a great opportunity of ABcorp to regain back its reputation and re-establish its financialcompetition.The higher authority of the organization provided a deadline of 15 days to the employeesand gave the managers the duty to develop presentations. The financial department, the businessstrategists, business analysts, the research team all needed to work together to preparethemselves for the presentation and meet all the queries of the representatives of the Ambertechnologies. However, various issues came into notice, which affected the teamwork among thevarious departments. Not only, teamwork failed miserably among the different teams but also
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2TEAMWORK working climate among the respective team members within the team was also not going througha smooth phase.The research team was given the duty to develop an audit of the various businesses thatAmber technologies had created and study the statistics of their purchasing techniques. Thiswould help the finance department to develop proper financial planning to hold their customercompany and provide them the best plans and service. The manager of the research team was anew member and was quite rude with the team members. I was actually the research team andhad been observing everyone’s activity closely. It was seen that the members of the team did nothave proper communication with the manager as they were rudely treated. The managerembarrassed a member who failed to understand a particular piece of work. This prevented theteam members to approach their manager whenever they faced any issues. The employee stated:“I felt so bad to be humiliated in front of so many people for no reason. I had no idea about howto conduct the task. It was entirely new for me. I got no help from the team members as well. Ihad never seen any rude managers in my life. Once, I felt like leaving the job”Moreover, it was also seen that there was also ineffective communication among the teammembers. One of the experienced members of the team was seen to have impatient listeningskills and therefore the new joiners could not get help from the experienced member, as theirqueries were never properly addressed. Besides, the members of the team did not have properfeedback giving and receiving skills. None of the members used to motivate each other or helpeach other by providing good advises. I heard a member saying:“I have no one to talk to. Everyone is so professional. The place is emotionally draining me.There is no one to share any feelings. No one wants to be friends as well. It is getting diffivult to
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