Professional Documents
Culture Documents
Innovation Devils
Innovation and strategic planning are essential to the overall growth and success of
companies in today’s global economy. Innovation is critical to stay ahead of the competition and
attract a diverse talent pool. The idea for this project is to showcase three organizations and why
we are interested in choosing one of them to analyze. Each organization, in its own way, is
strong and innovative, and knows how to show its competitive edge to grow beyond the other
companies. This paper goes into detail about each of our roles within the project and how we will
complete items by their deadline, while also providing constructive feedback to help each of us
grow.
Our Organizations
Choosing these three different organizations was not too difficult for us as a team. We got
off to a slow start throwing out ideas, but after Mary started us off with Whole Foods, the other
ideas just rolled out. These three companies are different, which overall appealed to the team.
Whole Foods being a healthy store, REI Co-op promoting outside adventures, and Wayfair LLC
WholeFoods
Whole Foods is a natural foods specialty grocer that focuses on all-natural and organic
products. Despite their reputation for being expensive (often referred to as “Whole Paycheck”
because of the high cost of their goods), they remain one of the most competitive companies in
Recently, specialty grocers such as Earth Fare, Lucky’s Market, and Fairway Market
have filed for bankruptcy. Yet Whole Foods continues to see big business. Why is that? What is
Team Project 3
Whole Foods doing that other companies aren’t? In studying Whole Foods, we would aim to find
out what their business strategy is and why it allows them to succeed where others have failed.
The Recreational Equipment Inc. company, otherwise known as REI Co-op, specializes
in promoting life outside. They sell, and promote sustainable gear that offers each individual
their own unique experience to outdoor opportunities. From bicycles, to hiking, to skiing in the
mountains, or swimming in the ocean, REI excels at bringing customers back to the wild. Not
only do they promote a healthy lifestyle, but the company helps to show you the world and what
it has to offer.
Why is this one of our suggested organizations for this team project? REI peaked our
interest as a company to study because of its innovative approach to combining profitability with
sustainability. Not only do they build their own REI Co-op designs and Co-op Cycles, but they
are a member owned co-operative company that showcases innovation and gives back to their
members. Their strategies to bring communities together and transform areas for outdoor
recreations, in which they call “Rewilding.” This company is environmentally aware which is
why they choose sustainable standards for their products, and innovation is a major aspect in
creating unique desirable products to grow their organization, which is what we believe REI
Co-op achieves. With all of that said, it has piqued the team’s interest in learning more about
how this sustainable practice is achieved by REI, demonstrating their mission and values, and
WayFair, LLC
Wayfair is an online company that offers more than 18 million items for sale to their
customers, including furniture, home decor, and housewares. You simply order the desired item,
and then the company buys the item from a third party and ships it directly to you. This allows
for the company to save money on warehouse storage, and also only retrieve products based on
consumer demand.
We chose Wayfair as one of our organizations because they follow a unique drop
shipping model that will allow us to learn more about their ways of marketing and the process
with which they use to follow through with this model. We think it will be interesting to learn
about a company that has more than 11,000 suppliers, as well as how they approach transactions
differently between these suppliers. Finally, we want to evaluate the main competitors of
Communication Method(s)
Our team’s main form of communication is Google Hangouts. This platform is an easy
way for us to send and receive messages like a chat, but also hold frequent virtual meetings to
stay on top of each project. We also use Google Drive to hold all of our project documents. This
can be used to post comments and ideas directly into the document at all hours. We use email for
more formal communications, such as emailing Dr. B, while still including everyone.
Collaboration Method(s)
We will utilize Google’s suite of software: Google Drive, Docs, and Hangouts as our
main collaboration tools. These tools are used by the university already, have any easy-to-use
interface and can be available 24/7 to every group member no matter their schedule or time zone.
Conflict Management
Conflict is bound to happen, it’s the nature of the world we live in. We will try our very
best to be upfront and honest in all of our communication, including any shortcomings we expect
along the way. We all understand that failure to communicate or participate in group discussions
Conflicts between group members, tasks, or other items will be communicated to that
module’s team lead, where he/she can act as intermediary, make adjustments, or escalate the
A majority of the foreseeable conflict can be solved with timely communication amongst
team members. Utilizing the Google Hangout is the most efficient and effective way of
Team Project 6
communicating with the group. As a fail-safe, the emails of each member are listed in this
document.
Consequences of Non-Participation
a team member has not been putting effort into assignments (turning in incomplete work or not
showing up to meetings and not communicating an absence ahead of time), we will evaluate
them on a scale of 1-100. If they have only done 50% of the work they were responsible for, they
will only receive 50% of the grade the rest of the team receives. This will also be noted in the
comment section when turning in an assignment, so the professor is aware of the agreed-upon
grade percentage. This will only happen after the team has communicated with the
non-participatory team member that their performance needs improvement. If, after three
attempts at communication the non-participatory team member still has not communicated with
the team, the team will vote on an appropriate grade reduction and make the professor aware of
the incident.
Assignment Due Date Rough Draft: March 30, 2020 6:00PM EST
Identify each team member’s Allison- Who is the company's target market?
Specifically who are they and how does the company
prospective responsibility and target them today?
Assignment Due Date Rough Draft: Monday April 6th, 6pm EST
Team Project 8
Identify each team member’s Mary: Assign tasks, oversee, and help form ideas and
submissions to ensure continuity, review for APA
prospective responsibility and formatting, and submission. Also the introduction.
Assignment Due Date First Draft: Monday April 13, 2020 8:00pm EST
Identify each team member’s Allison: Set the roles and responsibilities of each team
member; make sure items get completed by each
prospective responsibility and deadline; and “Introduction” section.
Assignment Due Date Outline: Monday, April 20, 2020 7:00PM EST
Identify each team member’s EmilyKate: Assign tasks and make sure everything is
done on time, Introduction section and Name of
prospective responsibility and expan..
when their responsibility Joshua: Political and Economic Issues & Mode of
Entry
needs to be completed
Allison: Key Cultural ...
Clohe: Actions for Inclusion
Mary: APA formatting and submitting it
Matthew: Attitudes, Conclusion
organization.
EST - Edit
EST - Call
prospective responsibility and Clohe: Create the initial presentation with the groups
chosen platform. Peer Review. Title slides.
when their responsibility Introduction. Agenda.
Joshua: Environmental Analysis- Overall presentation
needs to be completed
layout
Mary: SWOT Analysis- Check APA format and
references.- Leadership
EmilyKate: Going Global
Team Project 12
Assignment deliverable Pick an organization in the same sector, but not our
worksheet itself.
Conclusion
planning and resources dedicated to innovation, companies can uncover greater opportunities.
company. Communication is important for effective teamwork, as well as having direct effects
on the value a company creates for itself and others. The companies that we have chosen above
to profile understand the importance of incorporating teamwork and communication into their
strategic planning process. In the end we want to learn from the companies what true value