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IOM 431 assgnmt 6

IOM 431 assgnmt 6 - 2 Definining the business strategies...

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2.) Definining the business strategies: The business strategy behind the Simple Low-cost Innovative Concepts Engine (SLICE) team was of building Virtual Cross-value-chain Collaborative Creative (VC 3 ) teams. The SLICE team was formed to solve the problem of creating a new and market competitive low-cost engine which would “drive the cost of a rocket engine down by 100 times, be able to get the engine to market 10 times faster than it had been able to for the Space Shuttle main engine, and increase the useful life of a rocket engine by a factor of three.” The SLICE team would be a VC 3 team, with new and innovating ideas. With very minimal face-to-face interaction they were to accomplish their task. The team would be comprised of people from different organizations which were experts in their field. The concept of a VC 3 team allowed experts to participate in this task because the experts did not have to leave their organization in order to accomplish their task. Instead they were able to accomplish the task straight from their offices at work. They did indeed accomplish their task in much less time than was asked of the team, while following three important practices. The first being that of strategy-setting, where there was an umbrella agreement by all participating organizations’ management team that was set before the SLICE team was even put together. This agreement set the rules for distribution of work, credit for the work,
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