Question
Topic: Teamwork Makes the Dream Work, or is it a Nightmare? Read this week's article: Why Some Teams Succeed (and So Many Don't) published in
Topic: Teamwork Makes the Dream Work, or is it a Nightmare?
Read this week's article: "Why Some Teams Succeed (and So Many Don't)" published in HBR.
The article posits that teams are either a great success, or they're a disaster; few are in the middle. What makes teams successful, they claim is:
- Effective team management (read leadership), along with team skills and setting goals, and
- Organizational support, which includes evaluation (read effective feedback), compensation, and information systems (read good information; read an open culture for sharing information).
Is it really that simple? Let's apply it to FTX's recent woes. Check out this article,(https://www.wsj.com/articles/sam-bankman-fried-ftx-alameda-bankruptcy-collapse-11668824201) and see if you can diagnose how this TEAM failed based on this week's reading.
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