business challenge reflective essay

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Recommended: Building effective teams and teamwork

The intention of this essay is to reflect upon the competencies which I encountered in the business challenge autumn semester module. The team which I was placed in was given the £100 challenge. Our intention was to use the money to start a business, with a lot of market research that would generate a lot of profit. Some important competencies which enabled my group to aim at this have been recognised in the following paragraphs. They, in some ways affected the outcome of this challenge. In order to provide more insight on the challenge, an assessment of the entire module has been carried out.
A very important competency which I encountered in the challenge was teamwork. This was very crucial to the £100 challenge because in my group, all the work was done by everyone as a whole. There was no real division in the work. As a team, we had to decide on what business to carry out. I proposed that we should make and sell brownies at the student union. This was because during various visits to the student union, I saw how well students patronised other students who sold baked items there to raise funds for various purposes. Two of my group mates tried to shut this down immediately stating instead that it would be better to sell flowers, which they wanted us to buy from Manchester. This idea seemed very unrealistic to me because looking at the transportation cost alone, Well that was just a no go area. We kept on going back and forth on this issue until our fourth group mate finally met with us and suggested advertising for small local businesses. I looked at both our arguments and knowing we had to reach a compromise at some point in time, this seemed like the best deal to forge into. We decided to go with this option. I think this opti...

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... short of our actual performance in the structure this module had. This method forced each of us to sit up and actually think like the business men and women we needed to be in order to conduct our business and come up with a profit.
Overall, I found this module really challenging as I had never had such an experience. Despite the challenging nature of the module it went really well for me. In regards to how I contributed, I had to step up sometimes to assist our group leader. She was always available but it felt like she had her head in the clouds. She kept on coming up with some unrealistic ideas that were not feasible with the amount of money which we were given. In the future even though it might make me uncomfortable, I would suggest that there should be two leaders, that way both I and the other leader can put our heads together and achieve the laid out goals.

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