Henry Tam and Mgi Team

The third founder Alexandra ( girdle) Compelling) is a 1987 MBA graduate from HOBS. Other MGM members include Dana Seaman (HOBS MBA student), Dave Clark (MIT graduate student), and Alexandra Jan Sarasota (Boston Berkeley College music Business Management and Music Production and Engineering student). The founders are all(a) Russians who are trying to create, produce, and sell a unique computer-based music game where through the game play substance abuser can both learn and enjoy music. Within a short time frame these diverse members assembled to compose a business plan for the connection. Megs Founders suppose.The increase should be marketed as a game and ant to focus on the entertainment market while the HAS student entrusts it should be marketed toward the upbringing industry. Also, the group up struggles to mention their responsibilities, define their mathematical live ons, make decisions to thumpher, and resolve conflicts. Arguments and tension started to build as the squad produced a variety of ideas about how to promote their harvest-feast, but had difficulty agreeing on which ideas to pursue. The team had very little success in workings together. Discussion MGM appears to be an excellent company and their software music product seems to have great potential.In addition, the team is comprised of diverse members who share a strong commitment to the Business, and the founders of the company have a strong passion on their product. To completely understand MGM and provide recommendations as to working effectively, we will start by analyzing the Issues that MGM has bangd. There are numerous issues building within the MGM team from the very start. Provided below is a breakdown of our misgiving of MGM and its home(a) issues. * The MGM founders (Sash Compelling, Igor Toothache, and roman type Yak) are all Russians whose vision is to target their product towards the entertainment industry.The HOBS students debate that the product has a greater ch ance of success towards the education industry. This indicates that there is a strong disagreement in terms of the companys vision for the product between the founders and HOBS students. * The product Just missed a Christmas holiday season. The founders believe the product lacked a focus on sales. This is a clear sign the MGM team needs skills to appropriately promote their product. * There are various differences between the MGM founders. Igor and Roman are from Ukraine.Theyre both creative and established International musicians but lack business skills. Sash is from Russia and is debateed the primary business person because he is a college graduate wit n Dustless acumen Ana Tolerance Skills. Messs student team Includes Henry Tam (HOBS MBA student with experience in investments) Dana Seaman (HOBS MBA student with experience in banking) Alex Jan Sarasota (Boston Barley College Music student) and Dave Clark Coins the team in the third meeting and is an MIT graduate student with exp erience in software development and music). Henry and Dana believe Sash has a tendency to Jump from ideas to ideas, and seems unclear. Also, Sashs resume indicated that he has limited accomplishments since he has Jumped from industry-to-industry. * The MGM founders share a different viewpoint for the HAS students. Igor considers Dana and Henry a hypercritical part of Megs success while Sash is thinking of the students as interns. Henry and Dana see themselves as creating a business plan. Theres a clear conflict with role establishments and expectations. * A new student Alex is added in the second meeting.Alex has experience in music, has worked with Megs founders in the past, and has an understanding for business. According to Alex, MGM has a great product UT the company lacks in organization. * As the group continues to meet, prejudices toward one and another are formed. Dana sees Sash as a salesperson and believes that leadership is needed from within MGM. Roman and Sash believe that Dana has a very broad view of things. Sash lacks in interpersonal communication skills. Alex sees Dana as aggressive and strong-minded. * Dana and Sash had constants disagreements.Anything that Dana would present Sash would reject. * In the third meeting, Dave was introduced. Dave also Joined MGM to represent the company at the MIT Business Con leaven. Dana and Henry were unconcerned by the recruitment of Dave and made them question whether MGM was using the students to get into the business contest. * At the third meeting, Dana and Henry presented their ideas that outlined the work completed to date. Igor and Roman were impressed by the presentation but Sash expressed frustrations and tangle that he is being alienated by the group. Dave believes the group is impacted due to the cultural differences. Alex believes the people are from different experiences and skill levels. * Alex is somewhat a go-between whos got music skills which are similar to Igor and Roman however, he is close to Dana and Henrys age. Alex views the major difference or point of conflict as that between the creativity of Igor and Roman and business sense of Dana and Henry. * As the team progresses, issues regarding how to market the MGM product arise.After compiling a heavy amount of research data, Henry and Dana believe they should market the product to teachers and education market. However, according to Roman, education market is small in comparison to the entertainment market. Additionally, Sash feels that they would set themselves for a failure since they have no use up in the education market or have the experience. But, Henry thinks it would suitable to start off with the education market since Megs product is in development and MGM should consider a shorter and long-term viewpoint. There is no clear leader. Per Henry, the leader was that person who at the time had the most energy to give to an issue. Based on our observations of the case, we believe the team had good debates about the direction of the company but they were disorganized, unstructured and did not lead any final result of plan. At the end of the day, the team was surely behind schedule in development of the business plan. Henry and Dana were the principal(prenominal)ly contributing to outcome tender were no Inhalations AT work contributed nip toner team members. The team did not work well together.They had conflicts, frustrations, and tension among each other. Also, the team members did not share a common goal. Dana and Henry wanted to test their abilities for the HOBS contest, so their goal was to develop business plan in time for the competition. The MGM founders wanted to develop their vision into a viable business. Alex was assisting MGM market the game, and Dave was pulled in at the last minute as way to participate in the MIT business contest. MGM did not divide the task into sub tasks there seemed to be a main group and subgroups with no integration.Additionally no team leader was officially appointed or nobody was empowered to define the role structure, the decision- making process and assessing team performance. We also feel the team did not spend time developing a good working culture from the start. Recommendations After directly observing the companys internal issues and based on our analysis, we provide the following recommendations for Henry and the MGM team * The very first thing Henry needs to do is to volunteer to serve as a team leader for MGM.MGM is n need of a transformational leadership and this is the style, which is the most appropriate for Henry. A person using the transformational leadership style has competencies such as integrity, sets clear goals, clearly communicates a vision, expects the best from the team, encourages and supports the team, provides stimulating work, and helps people see beyond their self-interests and focus more on team interests and needs (Leadership Styles, 2011). Transformational leaders are exceptionally motivati ng and theyre trusted (Leadership Styles, 2011).When your team trusts you, and are enthused by the way you lead, one can achieve great things. Observing Henrys behavior end-to-end the case and MGM circumstances, he appears to be trustworthy, enthused about the MGM product, confident, good listener, highly analytical, and remained calm throughout the meetings. Most importantly, all the members of MGM team seem to like him and have show respect for Henry. We believe he would be a suitable leader hence, he needs to volunteer to serve as the MGM leader.A leader is an important function of management which helps to maximize efficiency and to achieve organizational goals. Having a leader at MGM will help in communicating policies and plans to subordinates from where the work actually starts. A leader will motivate the employees, provide guidance, create confidence, and help in building a work environment (Importance of Leadership, 2011). * We strongly advise and recommend that the member s of the MGM team learn about diversity management within workplace since the MGM team was compromised of people from different cultures, backgrounds, and experiences.Having a good understanding of diversity is quite important to Megs success. Most successful teams and managers, deal with multicultural challenges in one of four ways adaptation, structural intervention, managerial intervention, and exit (Brett, Bear, and Kern, 2006). Adaptation involves acknowledging cultural gaps openly and working around them (Brett, Bear, and Kern, 2006). Structural intervention involves changing the shape or makeup of the team (Brett, Bear, and Kern, 2006).Managerial intervention is setting norms early or bringing in a higher-level manager (Brett, Bear, and Kern, 2006). Exit involves removing a team member when other options have failed (Brett, Bear, and Kern, 2006). Also, it would be extremely Dentally Tort Henry to Locus systematically WI TN Dana now to acclimatize to saunas style in order to avoid conflicts. Henry needs to identify norms and values for the team. Their decision making process was extremely slow. Someone would always fight whenever the team was about to come to a decision.This would cause the process to start all over again. Henry would benefit by setting deadlines on tasks, define each members role and contributions, and utilizing a voting system for decision-making. Utilizing the egalitarianism value system would be quite beneficial. Egalitarianism is a moral principle. It is the belief that all people should be equal and that values should be split evenly (Importance of Philosophy, 2011). Time management is highly needed. Henry needs to write the meeting objectives prior(prenominal) to starting every meeting.