Henry tam at mgi team

Henry tam at mgi team

• 1.
  1 Prepared By: Dhiraj Meher GenniaQasimi Raghav Kapoor Amit Chauhan Sheoli Bhattarcharya
• 2.
  Evaluation  Pros • Recognizeseach member’s contribution and importance • Commitment towards the work in spite of few major differences among the three founders • Highly creative and aggressive towards implementation of a definite model.  Cons • Difficult to work outside the comfort zone of its ‘close-knit group’ • Unorganized Brainstorming, Lack of proper structure for a meeting or discussion • Undefined roles and responsibilities and Undefined approach towards assigning roles, responsibilities or even tasks to the team members • Lack of mutual trust with new entrants in the team. Root Causes of Problems • Stubbornness and adamancy of each member of team on one’s own idea • Lack of far sighted vision • Lack of acceptance of the differential opinions • Lack of arriving at a stance or mutual decision • The indecisiveness on choosing among various options for implementation. • Impulsive and impractical towards their approach 2
• 3.
  1. Henry shouldhave step up and appoint himself as the team leader. 2. Establish a healthy relationship between himself and the rest of the team to reduce the unseen tension . 3. Specify the specific and realistic short-term and long-term goals. 4. Meet each team member individually and in group setting and assign them roles, duties and responsibilities of their work. 5. Monitor on the functioning of the team working and also on the team member’s internal communication. 6. Ensure that they were happy to work together which would make their effort build up a productive output. 7. Option of appointment of an outside neutral leadership was good but the possibility was low due to less time left. 3
• 4.
  1. Comprised ofcreative geniuses in the form of Igor and Roman who had a vision to bring about innovation in the music industry, and Sasha,an HBS grad with substantial business management experience 2. Had good contacts with people highly placed in the music industry in Russia 3. The HBS students-Henry and Dana made up for the lack of people to take care of the marketing and financial aspects of the business 4. Henry and Dana were highly competent and very enthusiastic about the challenge of drawing up a business plan for MGI 5. They also had Alex who came with knowledge of the world of music and business both and Dav ,who being an MIT grad brought in the technical expertise to give their products an edge among competitors 6. Moreover,they had already developed their first product-the NutCracker game which was well-received by consumers and a hit with the kids 7. Clearly,they had the right mix of talent , ability and determination to make their venture a commercial success as well. Evaluation of the team “on-paper”: Pros:  Each member’s background and profile was outstanding in its own right  It looked like the perfect combination of domain expertise and business acumen  Good rapport shared by some team members owing to similar cultural origins Cons:  Cultural affiliations while being a positive force for some members ,alienated the other members  Henry was skeptical about Sasha’s competency as Sasha seemed to have had an unstable career with too many job switches and no significant accomplishments  They also lacked the presence of a leader,who could have helped resolve conflicts among members and held everybody together at all points of time. 4