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Task Scenario A new financial product development cross-functional team was launched by a global investment group. Team members were selected from around the world. As

Task Scenario A new financial product development cross-functional team was launched by a global investment group. Team members were selected from around the world. As team members began to feel more confident and their work together accelerated, the newly appointed chief financial officer (CFO), who had no previous involvement with the process, added new expectations, challenged the established set of priorities, and made negative comments publicly about the teams interactions with senior functional managers. The teams work suddenly slowed down, morale dropped and expectations of success disappeared. Team members inability to meet face-to-face at this critical time to work through the changes added to their frustration.

Tips:

a Identify the problems caused by the CFOs approach to the financial product development team.

b Brainstorm and develop strategies you could use to reinvigorate the team.

c Prepare a list of guidelines about how the CFO could interact with any cross-functional team in the future.

Your Task Prepare a written report that discusses teamwork and work group communication, together with your findings and recommendations to be presented to the Board of Directors. The total word length should be 1500 words

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