MT499 Unit 2 Assignment

Only the following bullet points in bold need to be completed, other parts are completed by other team members.

• Complete the assessment and share the results with your virtual team. ( <THE LINK TO THE COMPLETE SURVEY)
• Provide a chart illustrating your strengths and weaknesses.
• Each virtual team member should develop a brief statement explaining the ethical theories, principles, and frameworks that drive their decision-making. Use academic research.
• Evaluate the availability of each virtual team member. Develop a chart illustrating work schedules, indicating a) meeting days and times, b) research and production periods, c) review periods, and d) deadlines for teamwork activities throughout the class.
• Produce meeting agendas and meeting minutes and organize them into the appendix of the team charter report.

The outlook of the assignment is below.

Assignment: Building a Team Charter

This assignment starts in Unit 1 and is completed in Unit 2. Work diligently to develop a communications plan within your team to establish immediate and regular communications between team members. It is recommended that you establish a text message chain, use google meeting or zoom for meetings,use Google Drive as a repository, and possibly even use Google docs and sheets to draft assignment deliverables. Procrastination can be detrimental to the overall success of your virtual team in this class.

The following course Outcomes are assessed upon the completion of this assignment, due in Unit 2:

MT499-2: Analyze organizational processes and procedures in a variety of business settings.

MT499-3: Synthesize appropriate principles, concepts, and frameworks for making ethical decisions.

Read the scenario and then address the Unit 2 requirements.

Scenario:

A group of angel investors has chosen you and several other entrepreneurial candidates to start and operate a virtual business.The angel investors are proposing the following terms of agreement to help your new virtual team start this business:

• The angel investors are offering $200,000 to fund the startup of your virtual business.
• The angel investors will own 25% of the virtual business.
• The angel investors will hold three out of five permanent seats on the board of directors of your virtual business.

The proposed terms of agreement are negotiable. It is advised that your virtual team carefully analyze the business opportunity and make an appropriate and well justified counter offer to the angel investors. Be sure to back your counter offer terms of agreement with viable evidence to support your demands and claims.

One unique competitive advantage of your company is that it is a virtual business and your team will work together remotely. Therefore, you are now a member of a virtual team of individuals that must efficiently work together on the development of a viable virtual business concept. In Unit 9, you will be expected to present a strategic business plan to the angel investors for approval.

It is essential that all members of your virtual team work together to become a highly productive and professional collective of experts. Working in a virtual team environment is extremely challenging due to distance and time constraints, so it is vital that all team members spend ample time working together to build this virtual business. To start the process of building this virtual business, you must first get to know your virtual team. Use the following criteria to start building a virtual team charter, which is an important part of the strategic business planning process for a new business venture.

Assignment Checklist:

In developing your deliverable for this assignment, you are encouraged to present your Team Charter in the format that best suits your Teams style and personality. You can choose the most effective method to communicate your insights to the angel investors.

Deliverable options include:

• Narrated PowerPoint Presentation: This deliverable option utilizes 8.5×11 inch formatted PowerPoint slides that incorporate diagrams, charts, images, and graphs, accompanied by a voiceover narration on each slide to explain the Team Charter dynamically and visually. All team members must participate in the voiceover narration. Notes containing extensive academic research and an explanation of each slide are included. Your PowerPoint presentation should include headings on each slide, a professional design, APA 7th edition in-text citations where appropriate, a title and reference slide. Ask your instructor for 8.5×11 inch formatted PowerPoint slide templates.
• Professional Research Report With Diagrams: A detailed report in APA 7th edition format incorporating diagrams, charts, images, and graphs to visually present and support the details in your Team Charter. Your research report should contain extensive academic research to substantiate your work, headings, APA 7th edition in-text citations, and a title and reference page.
• Video Presentation: A recorded video where you can visually and verbally present your analysis. This format allows for the use of visuals, text, and personal communication to effectively convey complex information. You may use a video platform such as YouTube, Rumble, Odyssee, Kaltura, etc., to produce and upload and share a link to your video or upload the file directly to the Dropbox, file size permitting. If you would like to produce this deliverable using the Kaltura video tool, it is located under the More Tools dropdown menu in the horizontal navigation bar in the course room. Additionally, a fully written transcript (including headings, APA 7th edition in-text citations, a title and reference page) of your video, diagrams, charts, images, and graphs should be included, along with extensive academic research substantiating your work.

Team Charter Overview:

• Explain the purpose of a team charter and why it is important.
• Analyze how the team charter will be used to ensure the success of your virtual team.
• Develop and explain your virtual team philosophy and provide a values statement (include three values minimum).

Individual Team Members:

• Complete the assessment and share the results with your virtual team.
• Provide a chart illustrating your strengths and weaknesses.
• Each virtual team member should develop a brief statement explaining the ethical theories, principles, and frameworks that drive their decision-making. Use academic research.
• Each virtual team member should produce a short professional biography in collaboration with teammates.

Administration:

• Provide a technology plan identifying the tools that will be used for communication, organization, and execution of virtual team-based projects. Analyze and include resources, policies, procedures, and processes to ensure the successful use and application of chosen technologies.
• Provide a detailed communications plan to facilitate productivity. Document and exchange contact information, time zones, and any other pertinent information necessary to efficiently and effectively facilitate communication.
• Evaluate the availability of each virtual team member. Develop a chart illustrating work schedules, indicating a) meeting days and times, b) research and production periods, c) review periods, and d) deadlines for teamwork activities throughout the class.
• Produce meeting agendas and meeting minutes and organize them into the appendix of the team charter report.

Organizational Structure & Design:

• Designate each team member a professional title in your virtual business.
• Determine roles and responsibilities for each virtual team member of your virtual business based on individual strengths and weaknesses.
• Design and illustrate the organizational structure of your virtual business.
• Design a chain-of-command diagram outlining the decision-making process for your virtual team.

Team Policies

• Establish a system of accountability based on the roles and responsibilities of each virtual team member.
• Design policy and procedure guidelines.
• Develop guiding and enforcement policies and procedures addressing conflict resolution, performance expectations, and behavioral guidelines for your virtual team.
• Develop procedures that team members must follow for each policy developed.
• Use multiple peer-reviewed, academic research resources to substantiate your critical thinking and to provide viable reasoning for your perspectives.
• Apply proper current APA style citation format and provide additional title and reference pages.