Identifying Project Teams Find four articles, one each on the following topics:

Question

Identifying Project Teams

Find four articles, one each on the following topics:

• A traditional team that produced an effective outcome

• A traditional team that did not produce an effective outcome

• A virtual team that produced an effective outcome

• A virtual team that did not produce an effective outcome Then, for each article:

1. Summarize the article in an introductory paragraph.

2. Identify the project team.

3. Identify the team players and their roles.

4. Identify the team's successes and failures.

5. Identify the team challenges in completing the project.

6. Identify why the team project was a success or a failure.

7. Explain what you would have done differently in the team's project and why.

8. In a summary paragraph, provide a conclusion about what you learned from the article.

Submission Requirements: Submit a Word document of the following specifications:

• Font: Arial, point size 12, double spaced

• Length: 4–5 pages

• Citation Style: APA

Explanation / Answer

A functional organization structure consists of hierarchy wherein people are grouped as per their area of specialization. The specialization department  consists of Accounting, Sales and marketing, Human resource, Information Technology, etc.

The employees in functional area are very skillful and efficient which enhanced company as well as individual performance. The employess use their skills and experienced to achieve organizational goal. The employees feels secure and they perform well. Moreover there is work as well as job satisfaction in the organization.

The team should be selected from different department such as 2 peoples from Finance, 3 peoples from sales and marketing, 2 people from research and development, 1 person from information technology and 1 person who leads the team.   

One of the strategy in the organization would be to redefine the mission and vision statement. The mission statement is the objective in which the VP can seek to accomplish goal in the company after 5 years. The vision statement gives the company to progress them on next level. It could be increasing sales turnover, new customers, new product development, etc.

After redefining mission and vision statement, Set the company objective and goals. The objective is set department wise. For example, Marketing team has the objective to increase sales, Account department has the objective to audit the account, etc.

Designing the business portfolio by collection of businesses and product. Business portfolio consists of planning, organizing, controlling and monitoring of the resource that is guided by mission and vision objective. The VP shall also analyse the strength and weakness of the compnany. The strength of the business will help to grow and working on weakness will improve the productivity and efficiency.

The business strategy outside the company includes planning and marketing and other functional strategy. The strategy will optimize and formulate the business plan to achieve the core competency.

A differentiation strategy is the strategy of developing new product and services that offer unique attribute to the customer that are better or different from competitor’s product

A cost reduction strategy is the strategy where company reduce major expenses from business to increase profits without compromising quality of a product.

The combination of differentiation and cost reduction strategy is called hybrid strategy. Some companies like Zara, GAP, etc. use this strategy to remain competitive in the market. Any business which is stuck in the middle has no clear business strategy. Some of the businesses implement ‘build in the middle strategy’ which tries to balance differentiation and cost reduction strategy in order to build a sustainable profit. A successful company adopt one strategy at a time i.e. executing only one of three strategies – cost reduction, differentiation and niche focus. Some company tries to attempt combination of a strategy, which they ‘stuck in the middle’ resulting into low profitable.

The VP should follow the following step to increase operational performance measures

1. Define a goal and objective for the workers. Allow workers to take descion and create a good atmosphere so that they feell the sense of ownership.

2. Take the feedback and suggestion from worker as it may increase the productivity of the company.

3. Provide necessary trainning and educate the worker on various fields.

4. Offer incentives for enhanced productivity

5. Praise workers on achieving goal or objective

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