Business simulation Essay Example | Topics and Well Written Essays - 1750 words

Business simulation - Essay Example As such, it is important to involve them in fun activities and make them introduce themselves to one another so that they can break the ice (Dyer & Dyer, 2013). Secondly, I would ensure that each team member develops a common understanding of the various job roles within the new team (Bendaly & Bendaly, 2012). Each team member should be aware of what another member of the team is responsible for (Franz, 2012). Therefore, as everyone thrives to work to their highest standard possible, they should also help their team mates in the same, strengthening the ream spirit of working together (Kayes, 2004). A final strategy of improving the efficiency of the newly formed team would be to set the team goals and create a plan of how to achieve them. I would also conduct regular progress reviews to identify the achieved goals and clarify the responsibilities of each team member towards achieving the set goals (Ditullio, 2010). Having carried out the business simulation, I have gained a lot of experience in the business fields of marketing, strategy, team effectiveness and finance. As such, I believe I can highly contribute to a business team and work effectively towards achieving the set goals and objectives (Lussier & Achuna, 2010). The understanding of the factors that make a business successful makes me a potential team player in your business, and I can add value to it (Cox, 1997). Through the tough work and harsh conditions involved in the business simulation, it is evident that being decisive is a key element towards the success of business (Tracy, 2002). There are times when one is faced with situations in which they have to make prompt decisions that affect the business. These decisions can lead to either success or failure, but they have to be made. It is better to have a wrong decision than a delayed one (Skrabec & Benedict, 2003). The decisiveness of an individual in a business, especially in the