Navigating Team Dynamics: Roles, Equity, and Conflict Resolution
Date: 11/16/2023 3:30:00 PM - 11/16/2023 6:00:00 PM
Venue: Birla Institute of Technology - Mesra, Mesra, Ranchi, Jharkhand, India
Today’s Objectives:
- Team Introductions and Idea Sharing: Each team will briefly introduce their members and present their top-level idea considerations, setting the stage for collaboration and feedback.
- Role Allocation and Responsibilities: Guided by the class coach, teams will discuss and assign specific roles like CEO, CSO, etc. This exercise is aimed at understanding the importance of each role and ensuring that every member’s strengths are optimally utilized.
- Equity Distribution Exercise: A critical and often challenging aspect of team formation is the equitable distribution of shares. Teams will engage in a scenario-based exercise to negotiate and distribute equity among members, ensuring that the distribution reflects contributions, responsibilities, and future commitments.
- Conflict Management: The class will explore strategies for managing disagreements and conflicts that may arise from role assignments and equity discussions. Emphasis will be on maintaining team cohesion and finding amicable solutions.
- Establishing the Idea: Teams will finalize the idea they wish to pursue, ensuring that all members are aligned and committed. This process involves agreeing on disagreements and collaboratively choosing a path forward.
- Team Dynamics and Communication: We will touch upon the importance of clear communication, respect for different viewpoints, and the art of compromise in a team setting.
Key Takeaway:
This session is designed to mirror the real-world scenarios and challenges startups face in their early stages. It’s an opportunity for each team to experience and navigate the complexities of teamwork, decision-making, and conflict resolution in a safe and guided environment. The goal is to emerge with a stronger, more cohesive team ready to transform their ideas into viable business ventures.
