Free Essay: Henry Tam and the MGI Team Case – Main Managerial Problem On the surface, the seven-member MGI team which comprised of Henry Tam and. Sep 7, Henry tam at mgi team. 1. 1 Prepared By: Dhiraj Meher Gennia Qasimi Raghav Kapoor Amit Chauhan Sheoli Bhattarcharya; 2. Evaluation. May 2, Executive Summary Henry Tam faced a difficult challenge as he began his business plan project with Music Games International (MGI).
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But when it comes to the performance the group itself may suffer because of the limitations in their collective skills, perspectives, and experience. From that reason, it also leads the team to the barrier of building unity and collaborations. They also did not state the objectives of their meetings.
There are numerous issues building within the MGM team from the very start. Long-range goals set through strategic planning are translated into activities that will ensure reaching the goal through operational planning.
This would cause the process to start all over again. A clear understanding of what has to be accomplished. Their main problem was the decision making process or lacked of it. Email required Address never made public.
Henry Tam & The MGI Team
The team begins to form a culture of its own. Finally, the conflict between the team members presented another team problem. For example, the case states that: Most importantly, all team members were committed to working together and would like to have the business successfully implemented.
The team started their first meeting in early February and by mid March after several meetings; they did not even have the first draft of the business plan which was due in 3 weeks for submission.
A limited time offer! The HOBS students believe that the product has a greater chance of success towards the education industry. Henry could discussed thoroughly with Dana to adapt to Sasha’s style to avoid these conflicts. A leader will motivate the employees, provide guidance, create confidence, and help in building a work environment Importance of Leadership, Dana and Henry were both HBS students but on paper, they had no track record in helping start-up companies except coming from an Ivy League university.
Henry Tam and the MGI Team
The case states this as too much diversification within team. Henry had been an investment analyst and strategy consultant with reputable firms while Dana had investment banking background having worked for Ans Sachs hence both of them had good working experience behind them.
However, they struggle to reach to a consensus to find a way to develop a strong business plan. The root cause is that they did not divide the task into sub tasks. Someone would always oppose whenever the team was about to come to a decision.
Henry Tam & The MGI Team
MGI team members lack interdependence behavior. We began with Henry and Dana – they were frustrated during the first meeting when they were asked by Sasha to leverage on HBS alumni network to help market MGI products.
The team had little success thus far working together having experienced conflicts and tensions. This stage develops when the group is mature.
Alex acted as a mediator between the Tqm students and the musicians. Although he could not create a high performance team overnight, as the first step he should try to establish a healthy relationship between himself and the rest of the team. Hengy, according to Roman, education market is small in comparison to the entertainment market. Team members have established strong supporting, empathizing, and harmonizing relationship.
Once again, the team engaged a strength aspect of empathizing, supporting, and harmonizing among the team. Heney sounded logical with different skills orientation doing different things but they did not define each other’s roles properly hence there was no integration between the main group and sub groups.
Team members in this stage exhibit a sense of mutual responsibility and concern for one another as they carry out their work pg.