The Shipping Industry Accounting Team (Case Study Sample)
The essay discusses the challenges faced by a virtual cross-functional accounting team formed after a merger between three accounting firms in the shipping industry. The team comprises members from different locations, leading to communication barriers, differing work schedules, and difficulties in developing a shared vision and strategy. To improve the team's effectiveness, the essay suggests fostering open and frequent communication, clarifying roles and responsibilities, and building trust and rapport among team members. The Tuckman Model is applied to guide the team through the forming, storming, norming, performing, and adjourning stages to enhance collaboration and overall performance. By addressing these challenges and implementing recommended strategies, the team can deliver exceptional accounting services to shipping companies effectively.source..
The Shipping Industry Accounting Team
The Shipping Industry Accounting Team
The case study involves forming a shipping industry accounting team following a merger between three accounting firms. This virtual cross-functional team brings together professionals from different locations to provide specialized accounting services to shipping companies. However, the team encounters challenges such as communication barriers, differing work schedules, and difficulties developing a shared vision and strategy. To overcome these hurdles, it is essential to analyze the team's environment, design, and processes, identify strengths and weaknesses, and provide recommendations based on research articles.
The Type of Team that was Formed
The type of team that was formed here is a virtual cross-functional team. It was created due to a merger between three accounting firms, and individuals from different locations were brought together to work as a team on shipping industry accounting. In this case, the team comprises four members in other cities: the author in Boston, Elias in Miami, Susan in Seattle, and Brad in Los Angeles. The team was formed to leverage the three firms' collective knowledge and expertise and provide specialized accounting services to shipping companies across the country. Creating this team was necessary given the circumstances of the merger and the need to serve shipping industry clients effectively. Shipping accounting can be complex and specialized, requiring expertise in various accounting practices and procedures specific to the industry. By forming a
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