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Strategic Marketing reflection report
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Table of Contents 1) Situation Description...................................................................................................................3 a) Team Environment.............................................................................................................3 b) Specific task in team..........................................................................................................3 2) Reflection.....................................................................................................................................3 a) Your characteristics as an individual..................................................................................3 b) How your personal characteristics impacted the team interactions...................................4 c) What sort of decision maker are you? How will this impact the decisions you make in your future professional life............................................................................................................5 d) What would I like to change in the future..........................................................................5 REFERENCES................................................................................................................................6
1) Situation Description a) Team Environment The group was formed in Week 3 Tutorial class and we did not know each other before the group is formed. There was good communication among us, so we did not face any problem related with communicating(Fisk, Grove and John, 2012). The communication tools used for our work are Google Doc and WeChat. After completing our assigned tasks, we compiled our parts in Google Doc so all team members could collectively check it correct any mistakes on the document. Our time management skill was satisfactory as we allocated ample amount of time for all tasks. Furthermore, we decided to meet twice a week to check on each other’s progress on the assigned tasks. Our designated team leader, Kaiqi Ting, guided us through our work. Therefore, there was no such problem related with team and member as each of them performed their roles and responsibilities in effective manner. b) Specific task in team I have performed multiple tasks to achieve our group objectives. I made objectives and positioning for assigned work in order to accomplish it within given time period. I have done review of first assignment and made an analysis of internal work. The value proposition of work as well as strategy for managing and building brand equity was done by me. Other than that, I have also calculated the appropriate budget for the assignment. These multiple tasks work to achieve our team’s goal and objectives. 2) Reflection a) Your characteristics as an individual There are different characteristics I possess in working in group assignment (Hakansson, 2015).Thecharacteristicsareriskavoider,maximizing,procrastination.Thescoresare calculated out of 100. I have scored 71 for maximiser, 37 for low procrastination and 20 for risk avoiding. In order to work in team, it is very important to possess characteristics required in business. These characteristics help me to work effectively and efficiently in the team to achieve our goals and objectives.
b) How your personal characteristics impacted the team interactions My personal characteristics impacted team interaction which is explained with the help of Belbin Theory(Wilson and Gilligan, 2012). I played the role of coordinator, team worker and monitor evaluator. In the case of coordinator, I helped each member working in group for making effective decisions for business. I also helped in correcting their mistakes and as well as to improve on it. I believe in working in team in order to achieve better results. I evaluated first assignment and found some errors and make team to corrected it. We collectively discussed and agreed on a plan for everybody to complete our assigned work in order to accomplish desired targets and end results. There were other 4 members who were part of team and worked with me to achieve values in decision making and surveys(Heinze and et. al., 2016). Other than doing our assigned tasks, I also helped others on their roles and responsibilities. I assisted Qiuhui Wang to develop a strategy for her assigned work.I also played the character of plant role and specialist role for my team which will help me in attaining business goal and objectives.I helped each member and communicated with all of them in order to find any potential issues faced by them so that an effective solution can be brought up. There are four stages to Tuckman’s Theory (Forming, Storming, Norming, Performing) (Bruce Tuckman's 1965 Team-Development Model,2019). According to Tuckman's Theory, the team was newly formed. Roles and responsibilities are not clear to individuals in this stage. Hence, team members have to answer to questions related with purpose, goal and objectives. In storming stage, team are aware of each other and develop relationship with each other.This stage will help in building effective team by focusing or bringing all team members for conducting all activities and operations in successful manner. Along with this, it also have some limitations like it is time taking process and in this phase conflict may arise.The norming stage comes after we are clear of our roles and responsibilities in the team. Each task is performed to achieve our goals and objectives and formulation of strategy. Lastly, after completion of work and achievement of goal and objectives, team member adjourns from each other. Here, outcomes can be positive as well as negative for both organisation and team members.This can be positive because through it organisation able to build an effective team which leads to attainment of goal and team members can enhance their skills and knowledge to work within a team. Similarly, it is negative because it requires collaboration of all employees which is not possible at every situations.
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These all are my personal characteristics which impacted team interaction in a positive manner. I have performed several roles for achieving goal and objectives of the team. In order to work in team, individuals have to understand their roles and responsibilities in the team for satisfactory outcome. c) What sort of decision maker are you? How will this impact the decisions you make in your future professional life I have finished three different self-survey report and recorded different scores for my decision-makingcapacitysuchas20,71and37forriskavoider,maximiserandlow procrastination(Keegan and Rowley, 2017). In order to achieve the best possible result, I will evaluate every ideas and outcomes thoroughly before a decision is made. Making the wrong decision can lead to an unfavourable outcome, which also means a failure in team work. This impacts decision in future professional life as in career growth and success, good decisions are made through proper analysis of market scenario and level of team work. d) What would I like to change in the future I would like to change certain characteristics in the future. As risk avoiders are those who take part in reducing risk and getting information before making any decisions, I have to reduce mistakes and spend more time in proper research for positive return. In order to work in a team, individual has to be risk taker so that better results can be achieved. This would not lead in missing any opportunity for better performance(Mullakhmetov and et. al., 2016). This can assist me in standing out and meeting potential future success and growth. Maximiser helps in seeking best option and making possible decision or avoiding bad decisions. Being a maximiser, I would have to analyse and collect results for contributing in team work and achieving best results. It would be beneficial if I combine satisfying and maximising for better business performance in future. I also have to overcome procrastination and improve my self-discipline in future.
REFERENCES Books and Journals Fisk, R. P., Grove, S. J., & John, J. (2012).Services marketing self-portraits: Introspections, reflections, and glimpses from the experts. Marketing Classics Press. Hakansson, H. (2015).Industrial Technological Development (Routledge Revivals): A Network Approach. Routledge. Heinze, A. & et. al., (2016).Digital and social media marketing: a results-driven approach. Routledge. Keegan,B.J.,&Rowley,J.(2017).Evaluationanddecisionmakinginsocialmedia marketing.Management Decision. 55(1). 15-31. Mullakhmetov, K. & et. al., (2016). Control in marketing-based management.Academy of Marketing Studies Journal. 20(2). 13-19. Resnick, S. M. & et. al., (2016). Marketing in SMEs: a “4Ps” self-branding model.International Journal of Entrepreneurial Behavior & Research,22(1), 155-174. Ruff,F.(2015).Theadvancedroleofcorporateforesightininnovationandstrategic management—Reflectionsonpracticalexperiencesfromtheautomotive industry.Technological Forecasting and Social Change,101, 37-48. Tuten, T. L., & Solomon, M. R. (2017).Social media marketing. Sage. Varadarajan, R. (2015). Strategic marketing, marketing strategy and market strategy.AMS review,5(3-4), 78-90. Wilson, R. M., & Gilligan, C. (2012).Strategic marketing management. Routledge. Online Belbin'steamroles.2016.[Online].Availablethrough: <https://www.ifm.eng.cam.ac.uk/research/dmg/tools-and-techniques/belbins-team- roles/>. BruceTuckman's1965Team-DevelopmentModel.2019.[Online].Availablethrough: <https://www.businessballs.com/team-management/tuckman-forming-storming- norming-performing-model/>.