Session 11:
October 27, 2008
Team Challenges
Quote of
the Day
"You can’t always get what you want, but you can get what you need." ~ Rolling Stones
Summary
Entrepreneurship is a team sport. What are the critical human resource issues for new ventures? The Everest simulation makes the point as your team struggles to reach the summit together. Next you fill out the Team Evaluation sheet and see how you can improve your own teams performance. Finally, the NanoGene case puts it all together by examining the big three: assembling a team, developing a compensation policy, and creating an innovative culture.
Required
Readings (Policy
on Required Readings.)
-
Everest Simulation:
- All students will be emailed login names and passwords over the weekend.
- Log in to the site and watch the instructional videos about the simulation.
-
Team Process Evaluation:
- Fill out the Team Process Evaluation Sheets. Circle the three lowest scores on your Group Process Evaluation Sheet. Jot down what you think are the root cause or causes. Categorize each of them as either systemic or individual.
- If you have identified a systemic problem, write down one suggestion that would improve the systemic functioning of your team.
- For each of your teammates, list one characteristic or action that is helpfulto the group. List one that is not helpful.
- Write down one thing that you would do differently or better to improve the functionality of your group.
-
Case:
- Watch the following short video clips:
Study
Questions (Policy
on Study Questions.)
- Evaluate the founding team and the resources they bring to the venture.
- Independent of the equity ownership issue, what are two risks associated with this founding team?
- How would these risks be reduced if Paige Miller joined the team?
- Although Susan Stone (the local venture capitalist) likes NanoGene's technology and business prospects, she seems concerned by the equity split among the founders. It's exactly the same for all.
- What consequences for NanoGene might she fear from the present even equity split?
Team
Case Analysis
(Policy
on Case Analyses.)
- I [would/would not -- choose one] hire
Paige Miller because ...
