When a Team Leader Loses Control over the Budget: Can the Team Meet its Goals?
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A pharmaceutical company is shifting control over the budget from a research team leader to the department heads. This shift impacts the behavior of the team members.
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When a Team Leader Loses Control over the Budget: Can the Team Meet its Goals?
- 1. Catherine Mercer Bing Managing Director, ITAP Americas, Inc. (w) 1.215.860.5640 http://www.itapintl.com 1 ©2015 ITAP International, Inc. All Rights Reserved. When a Team Leader Loses Control over the Budget: Can the Team Meet its Goals?
- 2. Control of the Budget • A change in funding has a big impact on team interactions. 2 ©2015 ITAP International, Inc. All Rights Reserved.
- 3. Example: The Team Leader Loses Control over the Budget • A pharmaceutical company seeks to improve financial reporting and forecasting. • To this end, the company is shifting control over the budget from a research team leader to the department heads. 3 ©2015 ITAP International, Inc. All Rights Reserved.
- 4. Example: Impact on the Team • Since function heads control the budget, they’ll be the ones making salary and bonus decisions. Team members feel that this change signals that departmental work is more important than team-related work. 4 ©2015 ITAP International, Inc. All Rights Reserved.
- 5. Example: Impact on the Team 5 • Continued… Team members shift their focus to their functional responsibilities. The team becomes less productive. Team interactions starts falling apart. ©2015 ITAP International, Inc. All Rights Reserved.
- 6. What Can Be Done for this Team? Join the discussion on: http://www.itapintl.com/index.php/about-us/itap-insights-blog/26-did- something-interesting/127-blog-entry-11 (scroll down) • What would you advise a team leader do to maintain productivity when his or her budget is reallocated to the functional leaders’ budgets? ______________________________________________ ______________________________________________ 6 ©2015 ITAP International, Inc. All Rights Reserved.
- 7. What Can Be Done for this Team? Join the discussion on: http://www.itapintl.com/index.php/about-us/itap-insights-blog/26-did- something-interesting/127-blog-entry-11 (scroll down) • How, under such circumstances, can the team leader ensure that the team continues to focus on achieving its goals? ______________________________________________ ______________________________________ 7 ©2015 ITAP International, Inc. All Rights Reserved.
- 8. • This presentation is an excerpt from Many Cultures One Team: Build Your Cultural Repertoire, a new book on teams by Catherine Mercer Bing. • Enter promo code OneTeam to receive 20% off from Technics Publications website, http://www.TechnicsPub.com • Click here to order your copy ©2011 ITAP International, Inc. All Rights Reserved. 8 Many Cultures, One Team
- 9. Catherine Mercer Bing Managing Director ITAP Americas, Inc. ITAP International, Inc. 353 Nassau Street, 1st floor Princeton, NJ 08540 USA (W) 1.215.860.5640 http://www.itapintl.com 9 ©2015 ITAP International, Inc. All Rights Reserved.
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