Next, speed is very crucial is finishing the project as we are faced with a tight schedule. Beside the deadline to meet, we also need to accommodate to each members schedule as most members are working. For example, our project that required intensive research, implementing it and pulling together as a whole proposition is allocated to one member to complete it; it could take more than the required time to complete the project. And due to the heavy workload on the particular member, there is also a high possibility of achieving sub- standard for the project. Therefore working in team enable the group to split up the workload, ensuring that the project schedule will be completed on time.
Different members acquired different skills and knowledge. By utilising and mixing all of these different attributes in our team, more ideas can be generated during brainstorming session. As more ideas are generated, more creative solutions are generated, leading to better results. For example while discussing about our individual research in regards to Singapore employment key trends, challenges and issues during our brainstorming sessions; we are able to stimulate each other mind to generate ideas and solutions to our problems. During this period of discussion, transfer of knowledge will takes place as each member’s idiosyncratic information is shared among other members. And this idiosyncratic information is important as we are able to broaden our views and learn from each member’s knowledge and point of view.
Discussions in a team are important to achieve creative ideas and solutions. However more than often this will also open up to a wide range of options which will result in a dilemma to choose the best solution. If we spend too much time figuring on choosing the best solution, we will remain stagnant and never move forward, impending on our project progress. In this team situation, other members can act as a sounding board, vetting through the options and choose the best agreed solution that is most likely to achieve the purpose and goal of the project.
Working in a team can also create both the right support and satisfaction needed to complete the project. For example, there are times when team cannot progress with the project due to reason like lack of ideas; members can relied on the camaraderie spirit, support and encouragement to ride thru the down period. This significant energy is important in achieving the desired results.
However working in a team has its kickbacks as well. There might be the possibility of the incentive dilution effect. In economic point of view, incentive dilution effect is caused by free- rider situation leading to the non-excludability of rewards. The free rider situation occurs when individuals in a group consume more or pay less than their fair share of a common resource, hence it will be hard to determine or measure free rider contribution to...