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BSBWOR502 Lead and Manage Team Effectiveness Assignment

   

Added on  2020-05-28

25 Pages5821 Words34 Views
Running head: LEAD AND MANAGE TEAM EFFECTIVENESSLead and Manage Team EffectivenessName of the Student:Name of the University:Author’s Note:
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1LEAD AND MANAGE TEAM EFFECTIVENESSTable of ContentsTask 1...............................................................................................................................................33. Working with the team............................................................................................................3Determining value proposition....................................................................................................3Determining the target market.....................................................................................................3Gathering relevant information for setting up venture................................................................4Consulting benefits from other expertise.....................................................................................4Steps for setting e-commerce venture..........................................................................................5Determining benefits to Apparel Brands.....................................................................................6Determining cost..........................................................................................................................6Task 2...............................................................................................................................................7Q4. Team meeting preparation....................................................................................................7Achievement of the team.............................................................................................................7Addressing the issue....................................................................................................................7Resolving team issues..................................................................................................................8Developing the aim of the meeting..............................................................................................8Taking note of solutions and issues.............................................................................................9Q5. Team meeting participation..................................................................................................9Encouraging team members........................................................................................................9
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2LEAD AND MANAGE TEAM EFFECTIVENESSAsking questions in the meeting................................................................................................10Strategies for resolving team issues...........................................................................................10Recognizing performance related problems and developing solution.......................................11Issues to be resolved..................................................................................................................11Task 3.............................................................................................................................................11Q3 Issues related to team performance......................................................................................11Q4 Strategies for enhancing team performance.........................................................................12Feedback and suggestion from managers..................................................................................12Recommendations to the team members...................................................................................12Q5 Strategies for resolving issues in team performance...........................................................13Q6 Report...................................................................................................................................14Discussing open communication process..................................................................................14Explaining methods of maintaining open communication........................................................15Explaining team performance evolution....................................................................................15Explaining correct actions.........................................................................................................16References......................................................................................................................................17Appendices....................................................................................................................................21Appendix 2: Performance plan..................................................................................................21Appendix 3: Third-party report.................................................................................................23
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3LEAD AND MANAGE TEAM EFFECTIVENESSTask 13. Working with the teamThe aim of the team is to present the e-commerce strategy for Apparel Brands Pty Ltdwith an initial budget of $30,000 in order to sustain in the competitive market by expanding thebusiness, increasing the customer base thereby, generating more revenue. The objective is to develop an online store and maximise their market share. Determining value propositionThe e-commerce venture is a new expansion for Apparel Brands Pty Ltd in order tomaximise their market share and become a trendsetter for the Australian market. As commentedby Urde and Koch (2014), targeting the group of customers allows the business organizations todecide the population to whom products will be sold. For Apparel Brand Pty Ltd, the targetcustomers for the e-commerce venture will be university and office goers along with the childrenand kids. These target customers were selected because the Australian population is largelydominated by international students and employees that require casual clothing for attendinguniversity and work. Based on the target market income, the company aim towardsimplementing penetration pricing strategy. Initially, the price of the clothing will range $15-$20but will be increased later. The benefits of the products include cotton material, average pricedand the customers will also be able to customize their clothing products. Determining the target market The target market is defined as the people, to whom the business organizations sell theirmaximum product thereby, ensuring business expansion and revenue or profit generation (Lei &Moon, 2015). The business organizations tend to develop products based on the needs, demands,
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4LEAD AND MANAGE TEAM EFFECTIVENESSexpectations and financial situation of the target customers. Targeting a particular group andmanufacturing products from them for selling is a marketing approach to maximising sales byincreasing the customer base. Thus, Apparel Brand Pty Ltd has selected the individuals attendinguniversities and regular offices are the target customers. The characteristics of the targetcustomers include causal, comfortable, trendy yet professional clothing that is easy to wear andcarry daily. The characteristics of the target customers include casual and trendy that can combatthe latest clothing trend globally along with providing an opportunity of using trendy clothing.The target customer desires to be casually trendy at affordable prices and high quality (Marchi etal., 2014). Gathering relevant information for setting up ventureAdequate information is the key that determines the success of the businessorganizations. Thus, it is essential for the business organizations to gather required and relevantinformation before setting up a new venture. Apparel Brand Pty Ltd has been selling theirproducts in the Australian market since 1901. The company is aware of the demands andexpectation of the customers about clothing over the years. However, in order to set up the e-commerce venture, Apparel Brand Pty Ltd needs to collect relevant information about thepresent Australian market by analysing the Australian market and determining the need for thebusiness venture. This can be done by conducting surveys and interviewing the population.Additionally, relevant information can also be gathered by conducting an internal and externalanalysis of organization and the business environment (Akpoyomare, Adeosun & Ganiyu, 2013).Consulting benefits from other expertiseThere are potential risks and challenges associated while initiating a new venture. This isbecause there are previously existing competitors that are well established and play to their
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5LEAD AND MANAGE TEAM EFFECTIVENESSstrengths. Thus, consulting with an expertise provides an opportunity to assess the potential risksand mitigate them. One of the benefits of consulting other expertise includes identifying thepotential risks and being prepared. Additionally, the consultants will also help the team indeveloping strategies for mitigating and resolving the risks. On the other hand, consulting anexpert also provides an opportunity for the team to stop unnecessary financial expenses due tolack of in-depth planning. Moreover, consulting an expert will also allow the team members togather relevant and adequate knowledge about the industry and new business venture anddevelop business strategies accordingly. Consulting an expert also emphasizes in improving thequality of products and services that will be offered by the company in the new venture to thetarget customers (Bjomer, 2013). Steps for setting e-commerce ventureApparel Brand Pty Ltd needs to analyse and evaluate potential steps that are essential forsetting up e-commerce venture. E-commerce provides an opportunity for the businessorganizations to conduct business electronically on the internet. As Apparel Brand Pty Ltd innew to the e-commerce venture, it is essential for them to undertake appropriate steps for settingup the business. Firstly, Apparel Brand Pty Ltd needs to design user-friendly official design. Thiswill provide an opportunity for the customers to access the products and relevant information onthe website easily and without any technical issues (Ozturk, Joiner & Cavusgil, 2015). On theother hand, Apparel Brand Pty Ltd needs to ensure effective payment gateway system. This isbecause of e-commerce influences transaction electronically that needs security. Thus, ApparelBrand Pty Ltd needs to ensure effective and tight payment gateway and security in order toprevent the leakage of customer information. Additionally, it is also important for Apparel Brand
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