GROUP WORK

Group Work in Business

Introduction1

Aim1

Requirement1

Experiential Learning Cycle2

Reflective Observation3

The Product3

Group Working3

The Business Planning Scheduling4

Abstract Conceptualisation4

Personal Experience5

Active Experimentation5

Concrete Experience6

Conclusion6

References7

Group Work in Business

Introduction

Group work is very important for the success of any business there are situations in which it determines the survival of the business. Survival refers to learning to depend on one another along with taking the advantage of each opportunity for the group to grow and learn (www.all-about-leadership.com). The research has revealed that group members learn effectively from one another. Therefore, the groups should be learning groups which emphasize on helping one another to learn. The groups are also more effective as compared to the individuals to work in the complex business environment as they help in developing the interpersonal skills to cope with the conflict (McGourty & DeMeuse, 2001).

Aim

The aim of this essay is to show the way element 1 of the assignment has worked for the module, the things that the group has done, the way they acted, the decisions that were taken on the basis of theories, their level of success and identifying the reasons behind the failure and success. It also focuses on determining whether it met the expectations that the group had set in the beginning.

Requirement

We were allocated to a group of 6 members in which 4 members were asked to work on a business planning of Squash Ball Pre Warmer product. Poster presentation was also needed for the business plan to present it to the investors to attract the investment.

Experiential Learning Cycle

Kolb has emphasized that the learning style of a person is based in the interaction which is present between the internal characteristics of a person and their external environment. He also emphasized that there are two main elements of learning which include the acquiring of an experience and the transformation of the experience into the knowledge. As it can be seen from figure 1, first stage in his model consist of acquisition include pre-operational, concrete, operational and formal operation. Each of these sub-stages describes the way knowledge is acquired and transformed. The second stage is specialization which is linked to the formal education, career experiences and training. The third stage is integration which is inked with the middle and advancing age (Schellhase, 2006). However, the learning process can begin from any of the modes in the cycle (Clart et al, 2010).

The group life cycle would cover the whole project and I will discuss more about it throughout this essay and how we have performed and did the norming part.

Reflective Observation

This step is about what the things that had happened and the results. The goal of the group was to develop a business plan along with its poster presentation for the Squash Ball Pre Warmer. In order to do so, regular meetings were conducted in which discussion was done to make decision for different aspects of the product. Furthermore, financial part was the most important parts that needed focus along with the consideration regarding the finance plan in a year and two years ...