enr AGNISHWAR JAYAPRAKASH HENRY TAM AND THE MGI TEAM ASSIGNMENT 1. What is your evaluation of the MGI team’s process? What were the root causes of the team’s process problems? My initial evaluation of the MGI team’s process is it lacks central overall leadership‚ accountability‚ unity and cooperation amongst the 7 team members. Although the team is studded with more than enough talent to design and market their “highly potential product”
Premium Management Goal Term
BACKGROUND Henry Tam and the MGI Team have three weeks to submit their business plan to HBS and are struggling to define roles‚ make decisions and resolve conflict. MGI’s team has diverse talents: Igor and Roman are accomplished musicians. Sasha has a keen business and finance acumen‚ Alex has substantial experience in music and business‚ Dav is software developer and an MBA student at MIT‚ Dana is a finance and banking major and currently a HBS MBA grad while Henry is an investment banker‚ has
Premium Management Goal Decision making
Henry Tam and the MGI Team Case Study The team that Henry Tam worked with on the MGI project was a disparate group with very different skill sets and perspectives on the project. The goal of the project‚ to create and market a piece of software designed to help people better understand music and create it‚ began with a small group. This group was soon supplemented by others‚ including Henry Tam and his team‚ who were attempting to win a Harvard Business
Premium Harvard Business School Business school Controversies
Background: Within a short span of time‚ seven diverse team members assemble to write a business plan for a new company and struggle to define their roles and make decisions together‚ and resolve conflict. Henry Tam‚ a second-year Harvard MBA student‚ who joins an aspiring start-up company and a fellow classmate to enter the school’s business plan contest. The founders of the company are two internationally accomplished musicians and a 1987 Harvard MBA‚ all Russian‚ who are trying to create‚ produce
Premium Team building Management Teamwork
1. The MGI team process and root causes. The MGI team process seems ineffective because the team generated several conflicts and was unorganized because of the different perspectives‚ specifically those between the Russians and the HBS students. In addition‚ because each member had an ambiguous role‚ they needed to spend unproductive times on the meetings. According to Robbins and Judge (2012‚ p. 122)‚ by structuring teams‚ they can compete with each other more effectively and efficiently. Nevertheless
Premium Management Goal Regulatory Focus Theory
1. Problems and their root causes The MGI team‚ in light of their working and performance so far‚ can be considered as an ineffective team of highly skilled people. They act more like a collection of split individuals‚ full of conflicts‚ no team consensus‚ easily lose track of time and lack commitment and devotion etc. All of these superficial problems have its root causes. And as this report is solution oriented‚ it will start from the analysis of problem to the exploration of root and deep cause
Premium Management Team building
HENRY TAM CASE ANALYSIS: A: Diagnosis of the problem: Henry Tam is currently in a predicament. He has only three weeks until his business plan for MGI is due‚ and his team is not working efficiently. To understand what steps he needs to take‚ Henry must first identify the main reasons the team is not working well together. The underlying problems the team faces are as follows: 1- Lack of Strategy: Inside the team there is a divergent vision of where the company should go and what the target
Premium Team Management Multiculturalism
Subject Code: MGMT2001 Tutorial Day/Time: Monday 6:15 pm Subject Name: Organisational Behaviour Tutor Name: Chinh Ba Nguyen Assignment Name or Number: Team Assignment Due Date: Monday 7th of May‚ 8am Student ID Number 1. 2. 3. 4. 5. 6. 538255 379352 566987 587214 Student Name Min Woo Choi Hong Zhu Jing Yang Jacob Carew 1|Page 2|Page CONTENTS Part A: analysis …………………………………………………………………………….……….6 Group Development…………………………………………………………………….……….6 Group Process……………………………………………………………………
Premium Leadership Group dynamics Group development
The Henry Tam case is in the course packet. Make sure to pay attention to both the case text and the exhibits when you prepare your analysis. 90% of the score will be based on content‚ as discussed in the critical thinking grading rubric. 10% will be based on style. While it will be okay to fill in the table below with bullet points‚ each bullet point should be a full sentence. The analysis should be comprehensive‚ yet concise; there is no minimum or maximum word count. Grammatical and spelling
Premium Music education Decision making Marketing
Strengths of the Team? Henry and Dana were business majors. They were the initial group members who worked on the business plan for MGI. Henry shows he is adaptive by not being confrontational and adjusting his voice in the meetings to be taken seriously. The MGI team respects Henry for this. Dana had a stricter approach and would constantly clash with Sasha’s type A personality. Diversity is shown in the MGI group already because they are composed of two musicians and a businessman. Alex and Dav
Premium Strategic management Management Strategic planning