Podcast
Questions and Answers
What kind of decision is it when Kelly decides into which new market to expand GearUp?
What kind of decision is it when Kelly decides into which new market to expand GearUp?
strategic and unstructured
Who should decide how GearUp should expand into a new market?
Who should decide how GearUp should expand into a new market?
A collaborative team drawn from employees across GearUp
How should the team meet to collaborate if the members are located at several different sites?
How should the team meet to collaborate if the members are located at several different sites?
virtual meetings
Align each team task with the appropriate project phase:
Align each team task with the appropriate project phase:
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How do you give feedback about the gym idea in the meeting?
How do you give feedback about the gym idea in the meeting?
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Study Notes
Decision-Making in Business Expansion
- A strategic decision for GearUp involves assessing new market opportunities.
- Such decisions are classified as unstructured due to their complexity and uncertainty.
Team Collaboration for Expansion
- A diverse collaborative team should be formed with employees from various departments.
- This team will lead the decision-making process for expanding into a new market.
Virtual Collaboration Methods
- Team members located at different sites can utilize virtual meetings for discussions.
- Virtual meetings facilitate collaboration and communication in geographically dispersed teams.
Project Phase Alignment
- Initial phase: Set up team roles and establish rules for interaction.
- Exploration phase: Assign specific ideas for investigation based on team input.
- Discussion phase: Schedule meetings to collaboratively discuss ideas brought forth.
- Final phase: Compile findings and make a structured recommendation.
Providing Constructive Feedback
- Express approval of the team’s gym idea but recommend broader options.
- Suggest incorporating various sports and fitness programs to appeal to a wider market rather than focusing solely on soccer.
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Description
Explore the strategic decision-making processes involved in business expansion. This quiz focuses on team collaboration, virtual communication methods, and project phase alignment necessary for effective market entry. Assess your understanding of the complexities and uncertainties inherent in such decisions.
