Curious Observation – First Step in Decision Making Process
February 12, 2025
China has been the fastest growing economy in the world for the past few decades. The Chinese economy continued to grow even during the recession period. Many economists believe that a growing Chinese economy was a gift to other countries during the slowdown. Since the Chinese economy was growing, international trade was flourishing, and other […]
Quotation: The job begins with a quotation given to a client. For the client, all that matters in the quotation are the costs involved. However, for the contractor, quotation is almost a research document. Giving out quotations requires estimation. Contractors usually have fixed methodologies for estimating these costs. A study of past quotations can tell […]
Common size statements are not financial ratios. Rather they are a way of presenting financial statements that makes them more suitable for analysis. However, analysts always use them in conjunction with ratio analysis. In fact, financial analysts use common size statements as the starting point to help them dig deeper. Common size statements tell them […]
Entrepreneurs must be Opportunists The term opportunist is often used to refer to someone who is supposed to change their positions and stand depending on the circumstances. Indeed, when someone says that somebody else is an opportunist, it is usually in the negative sense wherein the other person is being categorized as an individual who […]
Uber is already a well-known brand across the world. Technically, the company is still a startup. However, Uber has a valuation of close to $70 billion. Also, the company is planning for an aggressive IPO. It is estimated that Uber’s post IPO valuation will be close to $120 billion. This is phenomenal given the fact […]
In spite of the best intentions of the organization, as well as the best efforts put in by the team members, teams still fail. Team failure is due to various reasons.
It is highly important to understand as well as analyze these reasons. This is because the failure of a team affects the morale of the employees, besides affecting the organization financially too. The organization needs to eliminate as many reasons as it can in order to ensure team success.
These reasons can be further divided into broadly five categories:
Most of the issues mentioned above can be resolved. All that is required is planning, processes and performance appraisal, which will be covered in detail in another article. Teams are vital for any organization. Their failure leads to the failure of the organization as a whole.
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