Examlex
Application of Stages of Team Development
Shannon had never been a member of a team before. Her organization had always highly valued individual effort. Consequently, the switch to teams had been difficult. Furthermore, there had been no training in team development, and right now, Shannon was not certain they were ever going to get past this current stage of continuous intragroup conflict. There was a lot of conflict over who was going to lead the team. Once everyone had thought of themselves as part of the team, not just a group of individuals, Shannon had thought things would start to get better. That first stage had been very difficult, but now the second stage seemed no better. Shannon wondered if they would ever reach a stage of cohesiveness where close relationships would start to develop. Furthermore, at this point she was not sure they would ever get to the point of actually performing the task they had been set up for, which was to work across functions to develop a new piece of surgical equipment. Since the team was to be disbanded in two years, Shannon was afraid they were going to spend their whole two years becoming a team and would never actually develop the new equipment.
-Which stage of group development is the group currently in?
Inventory Cost Flow
The process by which costs associated with inventory are accounted for, impacting how cost of goods sold and ending inventory are calculated.
Gross Profit
The difference between total revenue and the cost of goods sold, indicating the fundamental profitability of a company's core activities.
Rising Prices
A situation in which the general level of prices for goods and services in an economy increases over a period of time.
Market Cost
The current price at which goods, assets, or services can be bought or sold in the marketplace.
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