Several personality and teamwork tests to aid your decision

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Reference no: EM132211556

Imagine that you are an executive at a large bank. You have been tasked with overseeing your company’s implementation of an entirely new mortgage review and approval process that must comply with complex, new federal laws. Creating and implementing this new process will require intimate knowledge of the entire mortgage application and approval process, technology, the new legislation, bank operations, and more. To work on this task, you are asked to assemble a self-managing team with the stretch goal to complete the process overhaul within six months. The team will be given nearly unlimited control over the budget and resources it needs to do the job, but it must still go through the normal approval process from management to make changes. In addition, the team will not be able to make changes to the bank’s structures, policies, or practices without management approval.

To aid the process of selecting members for the team, you review the results of several personality and teamwork tests to aid your decision. You decide to select only employees who are extroverted collectivists. Why might this selection strategy be problematic?

A. Extroverts do not make good team members.

B. The team may not be diverse enough.

C. The team may be too diverse.

D. Collectivists do not make good team members.

Your team must still go through normal approval processes, indicating that it does not have --------------------, which will likely ------------------ its ability to reach the stretch goal.

1st blank options:

-structural accommodation

-a strong manager

- a high degree of autonomy

2nd blank options:

-eliminate

-facilitate

-impede

In addition to putting your bank into compliance with the law, the new process is expected to save hundreds of thousands of dollars a year in improved efficiency. If your bank decides to share a significant portion of those savings with your team, what type of compensation system would the bank be using?

A. Gainsharing

B. Profit sharing

C. Nonfinancial rewards

D. Skill-based pay

Reference no: EM132211556

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