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Speed Ventures Preparation Assignment

Instructions

To prepare for an in-class team meeting during your on-campus intensive weekend, complete the readings on Speed Ventures: Team Decision Making (Internal link will open in new tab.). The Speed Ventures case shares the perspectives of four members of a race car company on the morning of the last competition of the year.

Your three-page paper should answer three questions.

First, summarize your recommendation for the company, highlighting the information that you see as most important to take into consideration when deciding whether to race or not. You will review all this information with two or three of your classmates and make a collective decision at the end of your in-class team meeting.

Second, outline the decision making process that you believe your team of classmates should use to reach a collective decision in the 30 minutes you will be allotted to discuss the case. What should your agenda for this meeting be? What issues do you need to consider, and how can you ensure that you are making a wise decision together? Describe the process that you think would be most effective to use while making a shared decision. Make sure that you reference the Garvin and Roberto reading about different types of decision making processes.

Third, as a team, you will have an opportunity to ask questions and seek additional information that might be useful (although it will not be possible to answer every question that your team might raise.) Which additional information would be most valuable to acquire in order to make a wise decision? What assumptions are you making that it would be possible for the team to double-check before your race-car approaches the starting line? What would you want to know before deciding whether to withdraw from the last race of the season? Identify two or three questions that you think the company leaders would reasonably be able to find answers to before they make their final decision.

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Requirements

In order to successfully complete this assignment, be sure to:

• Write a three page paper detailing the items listed above. (Your paper can be single spaced, with an extra blank line between each paragraph.)
• Submit your paper to this assignment, using the following naming convention: YourLastName_YourFirstName_SV.docx
• Should you need to cite any of your resources, you are required to do so in APA format. Visit the Purdue OWL for more information on proper citation technique. (Links to an external site.)

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