Teamwork Reflection - Business Plan, Semester 2, 2018

This reflective paper examines a student's experience working within a team to develop the GeoView business plan, focusing on the social and ethical dimensions encountered. The student reflects on the importance of effective communication, team coordination, and ethical business practices in achieving entrepreneurial goals. The paper discusses how the team overcame challenges, managed conflicts, and made ethical decisions, including navigating personal versus professional relationships and implementing risk management activities. The student also reflects on the team's successes, highlighting the significance of teamwork in executing the business plan and achieving its objectives. The reflection emphasizes the importance of ethical conduct and the ability to align individual interests for the greater good of the team.

Running Head: TEAMWORK REFLECTION 0
Teamwork Reflection
GeoView Business Plan Reflection
(Student Details:)
10/31/2018

Teamwork Reflection 1
Teamwork Reflection
In this reflective paper, I will reflect my experience while I was working with the
team of GeoView innovation. Besides, we as a group faced many ethical as well as social
problems while executing of our entrepreneurial idea, this paper will contain the idea’s social
and ethical dimensions seen by me and my team.
Even in the smallest task of any area, there is a team that works for the successful
execution either in front or in background (Belbin, 2012), though it was a huge task for our
team to execute GeoView business plan. Our business would have been nothing without the
team of mine who worked sometimes front or behind the scenes. While we all team members
being entrepreneurs were having the big dream of GeoView, ultimately the team made it
possible to live our dreams. I realised that hiring of right team and their co-ordination is the
foremost important for entrepreneurial idea or any business. Moreover, our team played a key
role in understanding as well as executing our Business plan’s vision (Singla, 2016).
We as a team decided to create GeoView because of its nature of innovation which is
a revolution in the technological growth and development of the contemporary world. In my
views about our team’s innovative product, the GeoView product will improve the efficiency
of mining and exploration industrial operations. Our product GeoView’s main market
audience is mining firms that conduct geological mapping, mineral mapping, and geological
data collection. Our team work and effective communication skills will prove that GeoView
is a revolutionising tool of the geological mapping world and it will uplift the 21st Century
standard in the mining as well as exploration sector. While we were creating the business
plan of GeoView, I realised that effective communication skills is the key to success for an
effective teamwork. It has proved with the completion of our successful business plan that we
all team members had strong as well as effective communication skill set that helped us in
communicating with each other and with the business world (Sundstrom, De Meuse, &
Futrell, 2010). Our team conducted business within the boundaries of applicable laws as well
as rules and regulations of ethical business practices. During our one of the business dealing
of our plan, I faced a business ethical dilemma that one of my friend was there doing the
business deal and he was asking me some personal favour regarding the professional dealing.
At that time, being an honest and fair person to my team and business, I gave preference to
my professional relationships rather than personal relations in order to adopt an ethical

Teamwork Reflection 2
business practice. My work experience with my team was exceeded my expectations that I
was having prior planning of business with them. We all team members maintained all the
info and data of our business plan through keeping records and recognizing errors on time.
When errors used to occur and confirmed then each and every team member used to correct
them promptly. Moreover, we introduced a protection cell comprising of information security
team within our business plan so that we can protect the privacy as well as confidentiality of
customers, shareholders and third-party records and information (Dublin City university,
2018).
I felt that like every other team or group we all had conflicts between individual’s
interests, still the challenge was to overcome that issue and prove that we are a team and we
can do anything together. I personally took some ethical business decisions which were
aligned with the risk appetite but they were not related to my personal gain hence my team
supported me on account for my good judgement skills and attempt devoted to avoid the team
conflicts (Comerica Bank, 2018).
I also realised that in order to avoid even the appearance of team interests’ conflicts
we should not ever pursue the business opportunities personally. Additionally, we team
members decided not to use our business property, our position or info for inappropriate
personal gain. One of my team members suggested including risk management activities in
our business plan which were Data integrity, Risk analysis and Effective oversight. We all
agreed and we conduct those risk management activities in our innovative GeoView business
plan (Hirsch & McKenna, 2008). I would love to share my experience about my met
expectations with my team that in the beginning of the plan execution i was totally unsure
about even trial product launch. Moreover, now if I will conclude my team work experience
in words then according to me, effective teamwork plays a fundamental role in executing and
achieving big goal quicker and better for a team venture. Each and every team member
played his or her dedicated role and took their different responsibilities, which integrated
together and made the team function well as well as achieve our business goal.

Teamwork Reflection 3
References
Belbin, R. (2012). Team roles at work. London: Routledge.
Comerica Bank. (2018, 10). CODE OF BUSINESS CONDUCT AND ETHICS FOR
EMPLOYEES. Retrieved from Comerica Bank:
file:///C:/Users/System%2304120/Downloads/2018%20Code%20of%20Business
%20Conduct%20and%20Ethics%20for%20Employees.pdf
Dublin City university. (2018, 10 30). Institute of Ethics. Retrieved from Dublin City
university: https://www.dcu.ie/ethics/code-of-ethics.shtml
Hirsch, P., & McKenna, A. (2008). Using reflection to promote teamwork understanding in
engineering design education. International Journal of Engineering Education, 24(2),
377.
Singla, S. (2016, 02 06). Why Core Team is Crucial for Your Startup. Retrieved from
Entrepreneurship: https://www.entrepreneur.com/article/270515
Sundstrom, E., De Meuse, K., & Futrell, D. (2010). Work teams: Applications and
effectiveness. American Psychologist, 45(2), 120.