Addressing Challenges of Groups and Teams
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Addressing Challenges of Groups and Teams
Irene Better
University of Phoenix
CERTIFICATE OF ORIGINALITY: I certify that the attached paper, which was produced for the class identified above, is my original work and has not previously been submitted by me or by anyone else for any class. I further declare that I have cited all sources from which I used language, ideas and information, whether quoted verbatim or paraphrased, and that any and all assistance of any kind, which I received while producing this paper, has been acknowledged in the References section. This paper includes no trademarked material, logos, or images from the Internet, which I do not have written permission to include. I further agree that my name typed on the line below is intended to have, and shall have the same validity as my handwritten signature.
Student's signature (name typed here is equivalent to a signature): _____Irene Better __ ___
Addressing Challenges of Groups and Teams
An effective team works together to achieve a common goal. In 2007 Wachovia CEO, Ken Thompson, had a goal that he envisioned for the fourth largest financial institution in the United States: “to become the best, most trusted and most admired company in the financial services industry.” His vision led the management team of the bank to make decisions that failed to investigate the shortcomings of Golden West Financial and ultimately led to the firing of Thompson as CEO and the short sale of Wachovia to Wells Fargo. However as we learn more about the failure of Wachovia we find that not all top level managers agreed with the purchase of Golden West and neglected to act as a team, they ignored the signs and focused on their individual units.
3C’s of an Effective Team
Team A discussed how to increase the effectiveness of a group by discussing the challenges and benefits of communication, collaboration, and conflict. The discussion focused on creating a Business Training plan that would...
Irene Better
University of Phoenix
CERTIFICATE OF ORIGINALITY: I certify that the attached paper, which was produced for the class identified above, is my original work and has not previously been submitted by me or by anyone else for any class. I further declare that I have cited all sources from which I used language, ideas and information, whether quoted verbatim or paraphrased, and that any and all assistance of any kind, which I received while producing this paper, has been acknowledged in the References section. This paper includes no trademarked material, logos, or images from the Internet, which I do not have written permission to include. I further agree that my name typed on the line below is intended to have, and shall have the same validity as my handwritten signature.
Student's signature (name typed here is equivalent to a signature): _____Irene Better __ ___
Addressing Challenges of Groups and Teams
An effective team works together to achieve a common goal. In 2007 Wachovia CEO, Ken Thompson, had a goal that he envisioned for the fourth largest financial institution in the United States: “to become the best, most trusted and most admired company in the financial services industry.” His vision led the management team of the bank to make decisions that failed to investigate the shortcomings of Golden West Financial and ultimately led to the firing of Thompson as CEO and the short sale of Wachovia to Wells Fargo. However as we learn more about the failure of Wachovia we find that not all top level managers agreed with the purchase of Golden West and neglected to act as a team, they ignored the signs and focused on their individual units.
3C’s of an Effective Team
Team A discussed how to increase the effectiveness of a group by discussing the challenges and benefits of communication, collaboration, and conflict. The discussion focused on creating a Business Training plan that would...