Individual Reflective Report: A Process Of Idea Initiation & Teamwork

Student’s Name Educator’s Name Course Title Submission Date Individual Reflective Report Working with a group in college is often very challenging. Nonetheless, learning to work with others effectively is crucial for anyone planning on pursuing a career in business. Working together was one of the primary things my team did well. Our meetings were very productive and each group member promptly accomplished their elected task. Another thing we succeeded at was collecting information. Our research ensured our presentation was informative and further aided us in persuading the audience to purchase the self-heating lunchbox. Regrettably, as earlier discussed in class, only seven percent of what individuals take from a presentation is the presented content itself. Our group could have certainly done a better job at presenting the collected information. Our group made some errors when transitioning between speakers, and I can recall two instances when two of us said the same exact thing. On an individual level, I feel I did well as is restricted myself to only mentioning details that were significant to our argument. To evade rumbling, I incorporated a few solid facts and disregarded items that were not persuasive. Additionally, although my public speaking has significantly improved during the semester’s first weeks, I still felt fairly uncomfortable speaking before the class. Consequently, I ended up rushing my speech and I recall almost forgetting what I was uttering. Overall, my group did very well, and we were able to produce an excellent presentation primarily due to how well we functioned together. I. Summary of my Group’s Business Idea To successfully sell the self-heating lunchboxes, we agreed as a group to pay special attention to the marketing aspects of the self-heating lunchboxes. Since our group was not involved in any form of manufacturing or service rendering concern, we were fully cognizant that the marketing and promotion of our product will be the deciding aspect of our activity. Our idea involved working jointly with the product’s developers, which then led us to acquire a letter of certification from the product’s developers and booking a table in our College lane. Another important idea was the timing of the start executing the activity. We utilized the ‘bottom-up’ strategy as suggested by Wilson and Stokes (2006, p 365) and established our business based on relationship marketing techniques. We identified the need of self-heating lunchboxes and approached individuals to inform them the purpose of self-heating lunchboxes. Our initial consumer base was rather small but as time advanced, we successfully generated more business, and our consumer base grew reasonably as people began purchasing the self-heating lunchboxes and displayed an overall positive response towards our overall effort. II. The process of Idea Initiation In this fundamental process, our first and crucial concern was identifying an idea that would set us apart. To effectively sell the self-heating lunchboxes, we needed to go off an idea that was feasible, innovative, and we all needed to have the necessary knowledge and passion for it. Primarily, through the brainstorming process, our group had various business concepts to select f...