TEAM FORMATION- Thinking of GOing SOlo.pptx

Technopreneurship: Team Formation - Thinking of Going Solo?

1. Benefits of Working in a Team: Collaboration Support Division of Labor Networking Shared Risk

2. Collaboration Diverse skills and perspectives can lead to more innovative solutions and better problem-solving.

3. Support Team members can provide emotional and professional support, making the work environment more enjoyable.

4. Division of Labor Tasks can be divided based on individual strengths, leading to more efficient work processes.

5. Networking Working with others can expand your professional network and open up new opportunities.

6. Shared Risk The responsibility for success is shared, reducing individual pressure.

7. Challenges of Working in a Team: Conflict Dependency Coordination Compromise Resource Sharing

8. Conflict Differing opinions and work styles can lead to conflicts and require strong conflict resolution skills.

9. Dependency Relying on others means you might face delays or issues if team members do not meet their responsibilities.

10. Coordination Effective teamwork requires good communication and coordination, which can be time-consuming.

11. Compromise You may need to compromise on your ideas and approaches to reach a consensus with the team.

12. Resource Sharing Profits and recognition need to be shared among team members, which might not be as financially rewarding.

13. Factors to Consider: Nature of the Project Personal Strengths and Preferences Long-Term Goals Available Resources

14. Nature of the Project Some projects inherently benefit from collaboration, while others are more suited to individual work.

15. Personal Strengths and Preferences Assess whether you thrive in a collaborative environment or prefer working independently.

16. Long-Term Goals Consider how each approach aligns with your career or personal goals.

17. Available Resources Evaluate whether you have the necessary skills and resources to go solo or if a team would complement your capabilities.

18. THANK YOU!