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Information Management: Lecture 1.5: Team Workshop. DIG 3563 Fall 2013 J. Michael Moshell University of Central Florida. Original image* by Moshell et al. Imagery is fromWikimedia except where marked with *. Licensing is listed. The Usual Problem: TEAMS!. They suck, don ’ t they? - PowerPoint PPT Presentation
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1
Information Management:Lecture 1.5: Team Workshop
DIG 3563
Fall 2013J. Michael Moshell
University of Central Florida
Original image* by Moshell et al .
Imagery is fromWikimedia except where marked with *. Licensing is listed.
-2 -
The Usual Problem: TEAMS!
They suck, don’t they?
Either (a) your leader is an egomaniac, or
(b) Your team members drop out without telling anybody, or
(c)They can’t (or don’t) do what they say they will
AND (d) there is no good way to choose team members.
Prof assigns: You get stuck with the losers
Choose friends: Not necessarily the brightest bulbs on the tree
Random: Who ARE these people, anyway?
Dreamstime.com
-3 -
Then, why have them?
a) Real businesses ARE teams
b) Prof can’t grade 50 projects
c) You might learn from each other
SO we were looking for a new way to approach the problem.
Last year, we tried an "entrepreneural model".
Patricia Abon
-4 -
Then, why have them?
a) Real businesses ARE teams
b) Prof can’t grade 50 projects
c) You might learn from each other
SO we were looking for a new way to approach the problem.
And magically, there appeared a new model on the horizon.
KEY IDEAS: Hire the best people for your team
Pay them on a competitive basis, like the real world
Fire them if they don’t perform
Reward them (and yourself) for success
Patricia Abon
-5 -
A worldwide organization, Startup Weekend, has helped
conduct two events in Orlando. (Another in November)
Moshell participated in Startup Weekend Education
Individuals ‘pitch’ an idea for 60 seconds.
People in audience vote-with-Postit Notes to select ten best
Those people are designated as Entrepreneurs
They then build and lead Corporations.
-6 -
Hence, a
STARTUP GAME
Pitch concepts
Raise equity capital
Form a corporation, hire staff
Design product, market test, build
Improve and extend the final product
Participate in a Market Driven Evaluation
-7 -
To YOU, students in 3563 -------
From YOU (7500 Moshell Bucks)-------
Hence, a
STARTUP GAME
Pitch concepts
Raise equity capital
Form a corporation, hire staff
Design product, market test, build
Improve and extend the final product
Participate in a Market Driven Evaluation
-8 -
THE STARTUP GAME: KEY FEATURES
1. We are creating a ‘simulated economy’.
2. They will earn Bucksby several mechanisms
3. Their grades for Project 3
(20% of course grade)
were determined SOLELY by how many bucks they
had at the end of the semester.
-9 -
THE STARTUP GAME: KEY FEATURES
What ‘roles’ exist in this game?
• Entrepreneur – pitch an idea, convince investors to fund it!• Sell stock, raise Equity Capital. You control lots of Bucks.
• Worker – sell your services to an Entrepreneur
-10 -
THE ENTREPRENEUR’S PATH
Up to 50
People
Pitch ideas
DIG4104c
Students
(~55 of them)
THE ENTREPRENEUR’S PATH
Up to 50
People
Pitch ideas
Post-it Vote 10 Stage 1
Entrepreneurs
Are chosen
DIG4104c
Students
(~55 of them)
Everyone
Builds
Brief
Resumés
-12 -
THE ENTREPRENEUR’S PATH
Up to 50
People
Pitch ideas
Post-it Vote 10 Stage 1
Entrepreneurs
Are chosen
DIG4104c
Students
(~55 of them)
Everyone
Builds
Brief
Resumés
10 Ents
Choose
Prelim
(design)
Teams
RAISING CAPITAL
10 ents from 4104c
DIG 3563
With plenty
bucks
Investors
Vote
For 6
Best
ideas
-14 -
RAISING CAPITAL
10 ents from 4104c
Investors
Buy
Stock in
Dutch-
Auction
Investors
Vote
For 6
Best
ideas
E1
Has
88k
Bucks,
100
shares
E2
Has
74k
Bucks,
100
sharesEtc…
I1
I2
DIG 3563
With plenty
bucks
I2
Has
65
Shares
Of
IBN
I1
Has
77
Shares
Of FLK
-15 -
RAISING CAPITAL
10 ents from 4104c
DIG 3563
With plenty
bucks
Investors
Buy
Stock in
Dutch-
Auction
Investors
Vote
For 6
Best
ideas
I1
Has
77
Shares
Of FLK
I2
Has
65
Shares
Of
IBNEtc…
E1
I2
-16 -
Forming Public Corporations
6 Ents with Bucks
Ents
Hire
Their
teams
-17 -
PH Corporations:
Receiving Funding (to pay your workers)
Ents
Hire
Their
teams
E3
Has
45k
Bucks
SUBSCRIBED
eXchange
Has I3’s
45k Bucks
8/28: 15k
-18 -
Receiving Funding (to pay your workers)
Ents
Hire
Their
teams
E3
Has
45k
Bucks
SUBSCRIBED
eXchange
Has I3’s
45k Bucks
8/28: 15k
I3 review9/27: 15k
-19 -
Receiving Funding (to pay your workers)
Ents
Hire
Their
teams
E3
Has
45k
Bucks
SUBSCRIBED
eXchange
Has I3’s
45k Bucks
8/28: 15k
9/27: 15k
10/26: 15k
I3 review
I3 review
W21 Stockholder
-20 -
The Equity Payoff – Final Review by Class X
E3
Entrepreneur
Stockholder
eXchange
Has Market
Earnings
(allocated
By Class X
Review)
I3 Stockholder
-21 -
Well ... what happened?
ALL the teams in the Web Design Workshopdecided, up front, to go with communism.
Everyone agreed to split the profit evenly.Nobody took explicit responsibility and leadership roles.
And how did the projects turn out?
-22 -
Pretty good ...
Not GREAT (with one exception)Not TERRIBLE.
We had the usual disasters ... one guy never got hired, did his own project, sorta OK
So, today we're gonna Workshop the problem.
-23 -
The TeamWorkShop
1. Divide into groups of 4 (this is NOT necessarily your semester-long Team)
2. Discuss previous team projects you've had,in high school or college. Ask this:
* What structure worked best, and why?* What breakdowns occurred, and why?* What did you produce ... was it perfect?
-24 -
* What structure worked best, and why?Did you pick your groups, or be assigned to them?
If you picked your group, how? Friends?Did you elect a leader?Did a natural leader emerge?How did you keep everyone engaged?Did you build and follow a design document?Did you build and follow a schedule?
* What breakdowns occurred, and why?Did people drop out? Why?Did people slack? Why? How to motivate?Did people communicate? What's best way?WHAT WOULD YOU DO DIFFERENTLY?
-25 -
In 20 minutes we will start randomlysampling your groups.
We will compile a "Best Practices" list
Then we will set about building yourSemester Project Team
-26 -
TIME TO MAKE TEAMS
0) ALL TEAMS have FOUR (4) MembersNot 3, not 5. (except one odd-man-out team)
1) If you want to pick your own team,move to left of classroom
2) If you want me to randomly assignyou to a team, move to right of room.
-27 -
PICK YOUR OWN TEAM
1) The MAIN CONSTRAINT:* Everyone must have availableONE HOUR (or more) at the same timeto meet outside of class, when needed.
2) Other advice:See if you can get a techie and an artistand a writer on your team. You needall these skills.
3) Decide on your leadership model NOW.
-28 -
IF I ASSIGN TEAMS:
1) The MAIN CONSTRAINT:* Everyone must have availableONE HOUR (or more) at the same timeto meet outside of class, when needed.
2) How to do it? I'll just assign you randomlyand you introduce yourselves. a) Write schedules, find common timeb) Check skill match. Need somebody?
-29 -
BEFORE YOU LEAVE CLASS TODAY:
a) I must have a piece of paper with* Team Name* Members' names* Your Meeting Hour
b) You must make sure that EVERY TEAM MEMBER has the team's
* names* email* phone numbers – AND the meeting time!