Team worked extremely well by trying to complete all tasks
given way before the deadline reached. The reason why our group worked so well
because we kept in constant communication with each other. not just meetings is
the time we spoke; expanded it to Whats App, instant messaging on our mobile
phones. This allowed us to create a group chat, and had informal discussions
about the project work. By doing this we were keeping each other updated of
work that we need to do. At the beginning of the project we looked at each
other as business project colleagues now we've reached the end; in my group we
built friendships as well as hosting a successful event.
In our group, we came up with the decision to give one of
our group members; Rae, a warning because he kept turning up late. After this
warning, his performance towards contributing was even greater than it was.
This was an effective way of dealing with this group member, rather than firing
him from the group because he realised what he was doing wasn't wrong and was
corrected. He produced an amazing excel document of the financial analysis for
the event. This was very complex as different formulae had to be created in
order for the document to look how the larger organisations do it.
I felt my contribution to the group was very important
because I was in charge of market research. This had to be done accurately because
this task involves finding out the right customers are, and getting them to
attend our event. If it wasn't for me, my group wouldn't have seen much profit.
I also came up with the theory that if we have this Mortal Kombat competition,
with the resources coming from group members. It wouldn't cost us anything. So
even if one person came to our event, we would still be making profit.
Evaluate the teams overall
effectiveness in meeting its objectives and making recommendations for
improvements.
In this assignment I will evaluate the teams overall
effectiveness in meetings its objectives and making recommendations for
improvements.
In the agendas that were recorded from the beginning of the
whole project. We met all the targets set and most of them were met before the
deadline that we set for them. The minutes that we recorded can prove this.
An objective that our group had was to gain profit; like
what any other business would want. Our even had no cost at all. This meant
that even if one person came to our event we would have met our objective. Even
though our group knew this, we were not just going to settle with one or two
people attending our event.
Our group set our targets too high, but we still made profit
though. From our survey, we made an estimate that we would get 40 customers. We
even created an excel document with a formula that will enable to see what
profit we will make. This formula can be adjusted; meaning that you can put any
figure in and it will calculate the profit that would be made.
As a recommendation if we had more time and used more
promotional techniques would have created more profit as more people would have
heard about event; increasing the chance of more people attending. However we
were limited because the event was only open to college students/staff. Not
really a big scale, some promotional techniques like radio, bill boards. Would
have made sense because this would attract people outside the college but
guidelines told us that only college students and staff can only attend.
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