S3 - Leadership, identity and decision making through business plans & report writing (Video 1)

0:05 welcome back change makers today we're diving into the heart of turning dreams into reality how by leveraging our strengths and understanding how teams work together throughout the ja company program you will be making lots of important decisions within your team the best approach to making good decisions is to involve everyone equally in the discussions and negotiations so that everyone can say what they feel and believe without fear of ridicule it is important to recognize that every team includes a collection of different talents no one person thinks the same and that is what will help Propel your business forward identifying team competency skills and knowledge means recognizing these unique abilities and how they can power your business Mission different opinions are valuable and

0:50 useful to the consultation and decision-making processes and everyone's contributions must be respected if your team is going to be successful you will all need to make sure that you are willing to listen and to try to understand opinions and ideas that might be different to your own in order to create a company around your chosen idea you will need to assign roles and responsibilities to your team members based on the needs of the company and the personal interests and strengths of your team members a company is structured into different departments so that all the functions of the business process can be properly fulfilled in order for company employees to work and communicate together effectively they need to understand their own and and everyone else's roles and responsibilities the number of employees in a company will determine the number

1:36 of roles that can be filled regardless of the size of a business the seven key functions and Associated roles within any business are chief executive officer CEO Chief Financial Officer CFO directors of project management Human Resources operations marketing and sales remember team members can fulfill multiple roles as required as long as everyone knows what they and all the rest of the team members do and the jobs that they are responsible for let's take a look at our solar panel business team meet the solar panel Dream Team just like any business they've got key roles to fill to make their solar Venture shine let's see who's who leading the way is their chief executive officer or CEO they're like the captain steering the ship guiding the team towards a

2:22 brighter future with solar energy then there is their Chief Financial Officer or CFO they're the money magicians making sure every solar panel and cable adds up without breaking the bank in charge of the solar panel Squad is the director of Human Resources they're the heart of the team finding and nurturing the best talent to keep their mission going meet the director of operations they're like the inventors making sure each solar panel is topnotch from design to production and ensuring the process continues to run smoothly and efficiently next up the director of marketing they are all about spreading the word they're the story storytellers who make solar panels The Talk of the Town we cannot forget about the director of project management they're the master planners overseeing every project from

3:08 the beginning through to the end ensuring timelines are met and objectives are achieved a project manager's strategic oversight keeps the project on track coordinating between teams to deliver on the solar and last but not least the director of sales they're the dealmakers ensuring solar panels find their way to homes and businesses remember in a business this journey team members might wear multiple hats as needed what matters most is that everyone knows their role and how it helps keep the business thriving your business team is like assembling a superhero team where every Power contributes to saving the day or in the case of the solar panel Squad the planet creating and leading a business venture requires more than just a title it's about making choices that guide your project through the ups and the Downs

3:54 leadership is the compass that keeps us on course and decision-making that's our map to impact F change remember in every organization whether big or small everyone has the potential to be a leader within their own role contributing to the shared mission in addition to the team structure effective communication is vital to the success of any company each and every company member has a role to play in ensuring that internal Communications work successfully listening carefully asking for clarification when needed and discussing issues of contention with an appropriate director effective communication connects us and as you navigate your business venture this collaboration becomes even more essential now let's explore how this teamwork leads us to the consultative decision-making process be

4:40 respectful having a respectful and open attitude towards your teammates will improve your ability to listen attentively and to understand viewpoints that are different from your own being able to do that means that you will be able to contribute in a positive way to the discussions pay attention make sure that you listen with respect and attention to your team mates as they offer their views opinions you may not agree with what they say but they may well raise valid and valuable points ask questions if you are unclear on a topic or need further clarification ask questions if you don't understand something it's quite likely that someone else in the group doesn't either so don't be afraid to ask negotiate through negotiation you will identify other team members who share your ideas but you may also find out that you disagree with

5:26 others the key is to listen respectfully and attentively to to opposing views and ideas and ask constructive questions that will help the team make a decision your favorite idea may not be the most popular choice if this happens you may be annoyed for a while but then you need to support your team and be proud of your contribution throughout the process finally vote the very final stage of the consultation process is to vote this allows each team member to express their final view on the decision by voting for or against it it is best to conduct a secret ballot sometimes a vote will produce a tie where two different ideas receive the same number of votes in this case the volunteer has the final casting deciding vote up to the point when the chief executive officer CEO is selected

6:13 once the company appoints a CEO she he will have the final casting deciding vote from leveraging strengths to Leading with effective communication every step supports the success of your business venture in addition to your team roles it is equally important to consider the organization structure there are three key organization models to understand to learn about the difference between the three models below let's think about running a lemonade stand sole proprietorship this is like running your lemonade stand all by yourself you make all the decisions get all the profit but also handle all the work and any problems on your own it's simple but everything depends on you partnership imagine you decide to run the lemonade stand with your best friend you both make decisions share the profits and help out when there are are

6:59 issues it's great because you're not alone but you have to agree on things and share everything including any money you make Corporation this is like turning your lemonade stand into a big company it's a separate thing from you kind of like creating a robot that runs the stand for you or having groups of friends in different neighborhoods operating their own lemonade stand under the same brand they make the lemonade generate income and even get in trouble on its own you all can still make decisions but it's more complex with more rules and ways to share the money each option has its own set of rules like a game about how you can make decisions how you make money or lose it and what happens if there are problems from team roles to organizational structure it is important to carefully consider each decision you

7:46 make during the initiation and planning phases of your ja company program Journey Innovation management is like having a map for your business adventure it guides you through the challenges and helps you reach your goals by carefully planning your journey you're not just dreaming of success you're charting a course to make it a reality