New Venture Creation Individual Report - Challenges and Solutions

New Venture Creation
Individual Report

Table of Contents
Individual Assessment.....................................................................................................................3
REFERENCES................................................................................................................................7

Individual Assessment
During my workshop I learnt many thing with my group members. The work performed
with a team always results in good memories and outcomes but also comes with various
challenges. These challenges are obstacles in a task accomplishment but somehow the member
have to cope with the challenge and make the task assigned successful (Ali, Crawford and Horn,
2019). Some of the challenges are
 Communication gap- It is a challenge that comes when the team members are enable to
communicate their thought properly in front of all. Or there were times when all the
group member were not comfortable with a decision. There is barrier due to which one
can not speak or share his/her thoughts. Me and my team first had some problems and
there were little bit of conflicts but in time we all sat and discussed the situation and lead
to a conclusion which later on proved to be really beneficial. It impacted the venture in
efficiency, when members could not communicate properly there were unable to
complete the given task inefficiently. Therefore it needed to be addressed as early as
possible. Then a discussion was made were everyone suggestion was taken based on
which task were assigned. Due to this efficiency increased and members became more
efficient (Dellaportas, and et al., 2022). Communication gap can impact any of the
venture may it be social enterprise, large enterprise or charity. Social enterprise can
suffer by this gap when volunteers are enable to fulfil the task given for social cause.
Large established has whole control with top level management there the lower level
face situation where they can not interact with the seniors and work is then compromised
the barrier of communication do not harm the firm should be responsibility of a
accountable person. This accountable person must ensure that each member is
comfortable enough to speak up his thought and be productive. This mostly important in
social enterprise and charity because they are involve in society upliftment which is
really necessary on economic level . In future if I get to lead a team or mentor a group I
would make share my team keep their thought openly in the discussion, each suggestions
are welcomed and addressed. Also while taking a important decision everyone opinion in
the team is equally communicated (Halbinger, 2018).
 Motivation gap- Refers to negative effect on a member due to free riding it occur when
the senior member takes advantage of diligent member of team. Social loafing is the