Henry Tam and the MGI Team Overview MGI is a small music software start-up company founded by three immigrants from Russia. The founders comprised of two composers‚ Igor Tkachenko and Roman Yakub‚ and a business person‚ Sasha Gimpelson. The three founders made up their entire business and when they ended up losing money‚ they realized they needed outside help. To find help‚ they entered the Harvard Business School Business Plan Contest with seven members. The three founders of MGI were joined
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Tamara Baghdasaryan English 28‚ Yegoryan March 27‚ 2015 Narrative Essay Life is full of various events and experiences‚ but not all of them are equally important‚ enjoyable and memorable. There are a few of those special days which remain evergreen in my heart and that I can remember of. Some events have changed me for better and made me stronger‚ while others are just there to remember and smile because they have happened at one point in my life. The fact of me coming to America for the first
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remained very close to the culture. The third founder was from St. Petersburg‚ Russia and was considered by the other two members to be more Americanized. Dana‚ the first student selected to join the team‚ was the only woman and was Romanian. Henry Tam‚ the only American‚ rounded out the initial team. Differences in age also represented areas of possible difficulty in group dynamics as the two students were significantly younger than the founders. Members also brought either musical or business
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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
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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”
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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
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which enables better communication of product variation and benefits within these new markets. Tim Horton’s‚ an international multi-billion dollar coffee chain‚ has created a single-serving coffee machine which will be rolled out using the STP process. Segmentation
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Henry Tam and the MGI Team Case Characteristics of group formation and team processes are highlighted in the Harvard Business School case of Henry Tam and the Music Games International (MGI) Team. The MGI founders sought to improve the commercialization of their music game by launching a team to market their product and develop a business plan. The team was formed with positive intentions by the MGI founders; however‚ the lack of a common goal‚ defined roles‚ and a decision-making process hindered
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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
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Henry Tam and the MGI Team Case - Main Managerial Problem On the surface‚ the seven-member MGI team which comprised of Henry Tam and Dana Soiman – both current HBS MBA Students‚ Alex Sartakov – a Berklee College of Music student‚ Dav Clar – a MIT graduate student‚ and Alexander (Sasha) Gimpelson‚ Igor Tkachenko‚ and Roman Yakub – the MGI founders‚ seems like an ideal team‚ with each member bringing different experiences and technical skills to help with the business plan contest at HBS. However
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