Discuss the advantages of working in teams, and identify and discuss tools to improve communication with team members
What will be an ideal response?
Answer: When teams are successful, they can improve productivity, creativity, employee involvement, and even job security. Teams are often at the core of participative management, the effort to involve employees in the company's decision making. One advantage of successful teamwork is increased information and knowledge. By pooling the experience of several individuals, a team has access to more information in the decision-making process. Another advantage of successful teamwork is an increased diversity of views. Bringing a variety of perspectives can improve decision making–as long as these diverse viewpoints are guided by a shared goal. Teams also have an increased acceptance of a solution. Those who participate in making a decision are more likely to support it and encourage others to accept it. Effective teams have higher performance levels and can be better than top-performing individuals at solving complex problems. To improve team interaction, trust and communication skills are essential. A lack of trust can result from team members being suspicious of one another's motives or ability to contribute. Poor communication can also result from basic differences in conversational styles. For example, some people expect conversation to follow an orderly pattern in which team members wait their turn to speak, whereas others might view conversation as more spontaneous and are comfortable with an overlapping, interactive style. Conflict can be constructive if it forces important issues into the open, increases the involvement of team members, and generates creative ideas for solving a problem. Even teams that have some friction can excel if they have effective leadership and members who are committed to positive outcomes.
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After they realized that advertisers use newspapers to reach consumers within a specific geographic area and do not want to pay for readers in outlying areas, some major metropolitan newspapers eliminated ________ and focused more on regional editions in their immediate trade area.
A. city zones B. ego circulation C. gatefold D. combination zones E. SAU
Which of the following statements about newspapers as an advertising media vehicle is true?
A. Newspapers are primarily a local advertising medium for retail businesses but are also used by large national advertisers. B. Consumers view newspapers as their primary source of entertainment. C. A primary feature of newspapers is that they can survive without any advertising revenue. D. Newspapers are the primary advertising medium in terms of ad revenue but not in terms of number of advertisers. E. The popularity of newspapers as an important media vehicle to advertisers has drastically declined because of the competition from the broadcast media.
A lockbox plan is
A. used to protect cash, i.e., to keep it from being stolen. B. used to identify inventory safety stocks. C. used to slow down the collection of checks our firm writes. D. used to speed up the collection of checks received. E. used primarily by firms where currency is used frequently in transactions, such as fast food restaurants, and less frequently by firms that receive payments as checks.
The probability of a failure in a binomial experiment is denoted by ____________________
Fill in the blank(s) with correct word