The main problem with this team seems to be centered around differences in the formality of structure.
Cross-functional Work Team
This type of work team happens when individuals or groups of different functions come together to work together towards a common goal. This can either be done by two or more team leads to take the initiative or if there is a certain company project where employees of specific skills are required from different departments to do the job.
Problems with Cross-functional Team
There are certain problems faced when working in cross-functional teams. One of which is time management, where the team must meet up to manage the project and to discuss its further development. In the given question "time orientation" this certainly is not the main problem.
Another important factor is that employee success is based on goals and objectives. In doing so, the individual becomes more focused on their personal goals and loses sight of what is more important to prioritize, which is the company as a whole. Of course, this means that neither the interpersonal nor the goal orientation is the main problem arising between the team.
Finally, when more individuals come together to form a team, there is a chance that there might be dominating personalities in the group. This would cause difficulties among the group unless a leader is determined to manage the team. Now, this is the main problem here, as there is no formality of structure defined. Resulting in the dispute between managers and scientists. To avoid any further dispute formal structure must be laid out and a leader should be appointed amongst them.
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Answer:
B. Core product
Explanation:
Core products or services are company products/services that are close to the company's core competencies. It describes the utility that a consumer gets from consuming a product. It involves the benefits the product will provide for consumers. In other words it is the main need that is satisfied for which a product is made. The core product is not actually a product itself. The layers are
- Augmented product, and
- actual product
Answer:
e. 71 dollars
Explanation:
Peter was willing to but the wine for $45
In a year, there is an increase of $15 = $45 + $15 = $60
The interest rate of 10% of $60 = $6
Total = $66 ~ $70
Therefore, the amount he is willing to pay for the win if he buys it as investment would be 71 dollars.
Answer:
Trade balance of a country is given by the difference between its exports and imports. If Exports of a country exceed its imports then we have a trade surplus. If Imports are more than its exports then we have a trade deficit.
Trade Balance
Since the difference is positive we have a trade surplus of $8.
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Answer:
Option E - entails putting equal emphasis on financial and profit objectives.
Explanation:
A "balanced scorecard" for measuring company performance entails setting both financial and strategic objectives and putting balanced emphasis on their achievement.
Therefore, option E is the right answer which is "entails putting equal emphasis on financial and profit objectives"
