Assignment:
Team Assignment: Prepare a Business Letter
The ability to interact and solve problems together - even at a distance - is a key skill in today's business environment. You will demonstrate the ability to solve complex problems by establishing a team setting ensuring all team members properly complete agreed upon and assigned tasks.
Your team has a proprietary Team Discussion Board area under Unit 3 labeled Team X Discussion. Your team also has a team-specific email group list, and a private synchronous Chat area, if you choose to use them. Teams sometimes use an instant messaging service, such as AIM. Please post your meeting minutes in your Team Discussion Board area. Setting up a specific time each week to check in may be helpful.
This Assignment will assess your knowledge based on the following outcome:
PC-1.2: Contribute to team goals and objectives through active participation and collaboration.
You will analyze financial data and present the rationale to deny a loan renewal request. Comparative Balance Sheets and a Cash Flow Statement are used in the analysis.
After review and analysis of the Cash Flow Statement you will prepare a business letter to explicitly explain to the customer your reasoning for denying the loan.
? Each team member will be asked to provide their respective analysis of one of the six sections of the team's letter.
? Teams are required to prepare and post meeting minutes to their Team Discussion Area that will also be submitted with the final
Team Assignment.
? One member of the team will submit the final Team Assignment with the meeting minutes to the Assignment Dropbox.
Let's Get Started!
Experience has shown the following timeline to be helpful. Please do not feel constrained by this timeline, it is not a graded item.
Unit 1, 2, and 3: Wednesday - Greet each other in the Team Discussion Area and exchange contact information, time zone, and best meeting days and times. (See Agenda suggestion below)
Determine who will lead the project, who will do which part, by when, what your communication expectations are and when you will be meeting next.
Confirmation of delegated duties. Delegated parties accept their delegated duty and begin working on their deliverables.
Project Leader reassigns any duties not accepted by individuals on the team and the team members continue working on their deliverables.
Submit draft Assignment to Project Leader. Project Leader posts draft Assignment in the Team Discussion Board.
Team edits/improves the Assignment deliverable.
One team member submits the Assignment.
You may find this to be a helpful guide for an agenda for your first meeting, or initial team discussion posts.
AGENDA:
? Determine Project Leadership.
? Determine the specifications, resources, and timelines for the project.
? Determine communication protocol.
? Determine next meeting.