BA 606 Communication and Team Decision Making Discussion

BA 606 Communication and Team Decision Making Discussion

Description/Paper Instructions

BA 606 Communication and Team Decision Making Discussion

The Foreign Exchange Market Discussion

For exercises in which you are asked to illustrate using a graph, please utilize the templates associated with the specific market in question (i.e. market for bonds, market for bank reserves, AD/AS framework, etc.). These are provided with the course documents. Place the new curves in the appropriate position on the graph to illustrate the effect of any shifts.

Foreign Exchange Market Discussion

For exercises in which you are asked to illustrate using a graph, please utilize the templates associated with the specific market in question (i.e. market for bonds, market for bank reserves, AD/AS framework, etc.). These are provided with the course documents. Place the new curves in the appropriate position on the graph to illustrate the effect of any shifts.

BA 606 Communication and Team Decision Making Discussion

Communication and Team Decision Making

Part 1: Sharpening the Team Mind: Communication and Collective Intelligence

1. What are some of the possible biases and points of error that may arise in team communication systems? In addition to those cited in the opening of Chapter 6, what are some other examples of how team communication problems can lead to disaster?
2. Revisit communication failure examples in Exhibit 6-1. Identify the possible causes of communication or decision-making failure in each example, and, drawing on the information presented in the chapter, discuss measures that might have prevented problems from arising within each team’s communication system.

Part 2: Team Decision-Making: Pitfalls and Solutions

1. What are the key symptoms of groupthink? What problems and shortcomings can arise in the decision-making process as a result of groupthink?
2. Do you think that individuals or groups are better decision-makers? Justify your choice. In what situations would individuals be more effective decision-makers than groups, and in what situations would groups be better than individuals?