Podcast
Questions and Answers
Which team member is primarily responsible for creating the profit and loss budget in Excel?
Which team member is primarily responsible for creating the profit and loss budget in Excel?
- Amira
- Blessing
- Lukasz (correct)
- Priya
Which of the following best describes the advice Priya gives regarding CW1 and the T-Shirt challenge?
Which of the following best describes the advice Priya gives regarding CW1 and the T-Shirt challenge?
- Focus on connecting CW1 directly with the T-shirt design process to save time.
- Delegate CW1 to Lukasz, considering his accounting background.
- Abandon the T-Shirt challenge if CW1 proves too demanding.
- Concentrate on the T-Shirt challenge before addressing CW1. (correct)
What is the significance of Weeks 7-8 for Team Elevate?
What is the significance of Weeks 7-8 for Team Elevate?
- Period for the T-Shirt Exhibition. (correct)
- Time allocated for initial brainstorming sessions.
- Final review of the marketing strategy.
- Deadline for submitting the Business Report CW1.
What is the primary reason for Mihai's suggestion to take photos of the team's work?
What is the primary reason for Mihai's suggestion to take photos of the team's work?
Besides designing a logo, which other key deliverable is Priya directly responsible for?
Besides designing a logo, which other key deliverable is Priya directly responsible for?
Which of the following actions is Amira expected to take regarding team communications?
Which of the following actions is Amira expected to take regarding team communications?
What specific financial constraint is the team operating under for the T-Shirt Challenge?
What specific financial constraint is the team operating under for the T-Shirt Challenge?
What is Blessing's contribution to group discussions?
What is Blessing's contribution to group discussions?
How does Lukasz plan to potentially connect CW1 with the T-shirt project?
How does Lukasz plan to potentially connect CW1 with the T-shirt project?
In what context did Mihai welcome the team?
In what context did Mihai welcome the team?
Which of these elements is not outlined as a deliverable for the T-Shirt Challenge?
Which of these elements is not outlined as a deliverable for the T-Shirt Challenge?
Besides the logo and tagline, what other visual deliverable is Priya passionate about?
Besides the logo and tagline, what other visual deliverable is Priya passionate about?
What expertise does Amira bring to Team Elevate, beyond general business knowledge?
What expertise does Amira bring to Team Elevate, beyond general business knowledge?
Which student’s background would be MOST helpful in determining the target audience for the T-shirts?
Which student’s background would be MOST helpful in determining the target audience for the T-shirts?
Which task aligns BEST with Mihai's role as a 'natural team organizer'?
Which task aligns BEST with Mihai's role as a 'natural team organizer'?
How much of the total budget for the T-shirt challenge is specifically allocated to marketing, according to Lukasz?
How much of the total budget for the T-shirt challenge is specifically allocated to marketing, according to Lukasz?
In which area is Blessing expected to leverage her strengths for the T-Shirt Challenge?
In which area is Blessing expected to leverage her strengths for the T-Shirt Challenge?
What is the deadline date for CW1?
What is the deadline date for CW1?
Who from Team Elevate suggested taking photos of the work in progress?
Who from Team Elevate suggested taking photos of the work in progress?
What does Lukasz say they have to explain while doing the profit and loss spreadsheet?
What does Lukasz say they have to explain while doing the profit and loss spreadsheet?
Flashcards
T-Shirt Challenge
T-Shirt Challenge
A project involving designing a logo, branding, identifying a target market, creating a profit and loss spreadsheet, and developing a marketing idea, all within a £200 budget.
Four Key Deliverables
Four Key Deliverables
Designing a logo and brand, identifying a target market, creating a profit and loss spreadsheet, and developing a marketing idea.
CW1
CW1
A written assignment that discusses a business issue and how the four business functions work together; it is due in three weeks.
Mihai's Reminder
Mihai's Reminder
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Budget Limit
Budget Limit
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Exhibition Week
Exhibition Week
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Priya's Task
Priya's Task
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Blessing's Task
Blessing's Task
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Lukasz's Task
Lukasz's Task
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Amira's Task
Amira's Task
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Mihai's Task
Mihai's Task
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Study Notes
- The document outlines a scenario where five students from diverse backgrounds collaborate on the MG408 T-Shirt Challenge.
- The main focus is on how the team manages roles, communication, and their understanding of the project brief.
Meet the Team
- Amira: A business student from Egypt, is skilled in marketing and social media.
- Lukasz: An accounting student from Poland, is confident in Excel and budgeting.
- Priya: A creative student from India, with a passion for branding and design.
- Mihai: An entrepreneurial student from Romania, is a natural team organizer.
- Blessing: A UK-based student brings customer service experience and strong communication skills to the team.
Team Conversation: Planning the Challenge
- Mihai: Initiated first official meeting for the T-Shirt Challenge.
- Mihai: Suggested starting by reviewing the brief.
- Blessing: Stated the need to design a logo and brand.
- Blessing: Stated the need to decide on the target audience, and stay within the £200 budget.
- Blessing: Stated the target to present everything at the exhibition in Week 7.
- Amira: Highlighted the importance of showcasing product promotion strategies, as the brief requires a marketing idea.
- Lukasz: Emphasized the importance of the profit and loss spreadsheet.
- Lukasz: Needs to explain product ordering quantities and costs.
- Lukasz: Mentions fixed costs are £20 for marketing.
- Priya: Offered to work on the brand logo and colors, suggests targeting students seeking stylish but affordable options.
Task Division and Communication Planning
- Priya: Assigned to create the brand name, logo, and tagline.
- Blessing: Assigned to conduct target market research.
- Lukasz: Assigned to handle the profit and loss budget in Excel.
- Amira: Assigned to develop the marketing idea (poster or social media).
- Mihai: Assigned to manage organization, planning, and presentation.
- Blessing: Questioned using Whatsapp for communication.
- Amira: Answered that she will create the group and send the link.
- Lukasz: Reminded the team about CW1 due in three weeks, and the need to connect it with fashion.
- Priya: Recommended prioritizing the challenge.
- Mihai: Suggested taking photos of their work for the Reflective Report.
Group Task: Team Setup
- Teams need to work within their assigned teams to complete planning tasks.
- Task 1 is team setup and requires the naming of the team.
- Also requires assigning team members to the roles of project manager, designer, finance lead, marketing lead, and target market researcher.
Understanding the Brief
- Task 2 involves understanding the brief, and answering questions based on the scenario and challenge brief.
- Need to establish the four key deliverables for the T-Shirt Challenge.
- Need to be aware of the total budget.
- Need to be aware of fixed and variable costs.
- Need to know actions to move their challenge forward.
- The team needs to analyze the project requirements.
- The deliverables include designing a logo and brand, identifying a target market, creating a profit and loss spreadsheet, and developing a marketing idea, all while staying within the £200 budget.
Reflection and Planning for CW1
- Task 3 is reflection and planning for CW1 and answering questions in relation to it.
- Need to share ideas for the 500-word Business Report (CW1).
- Need to identify a business issue to research.
- Need to be aware of what business functions to link to it.
- Team needs to write about a business issue and how the four business functions work together.
- They considered connecting it with something related to fashion.
- Priya suggested focusing on the T-Shirt Challenge first.
- Report is due in three weeks, so planning should begin soon.
Important Reminders
- T-Shirt Exhibition will take place in Weeks 7-8
- CW1 id due on April 11th
- Teams must be ready to present at exhibition week.
- Need to plan ahead for the CW1 assignment
- Mihai's reminder to capture photos of their work will contribute to the Reflective Report by showcasing the project's progression and refinement.
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