Team Charter

Charter

Goals

Our vision is to satisfy students’ after-class sweet-tooth with two mouthwatering offerings, promoted in an innovative fashion through social media while building our knowledge of hands-on management and logistical skills.

Members

Kritin Komolkiti, Team leader, Finance

Eleonora Shawaller, Operations

Austin Renfert, Marketing

Because of the size of our team, it has been decided that we will work best as a cross-functional team, with each member performing finance, operations, and marketing duties.

Meeting Structure

A meeting leader and note taker will be assigned for each meeting at the conclusion of the previous meeting. The meeting leader will keep time and prepare an agenda that will be approved by the other two team members prior to each meeting. The note taker will record the events of the meeting. We will begin the project with bi-weekly meetings, and adjust the frequency of our meetings as necessary. At the end of each meeting, we will have a conclusion, recapping the events of the meeting and reinforcing the responsibilities that each person will have to complete before the next meeting.

Communication Strategy

We have created a group on Facebook for communication where we can share and discuss ideas. We will use this for all group communication except when an immediate response is required, in which case we will call or text the necessary group members.

Decision Making

While Kritin has been assigned as our team leader for purposes of communication and ensuring the on-time completion of assignments, all members of our group have an equal say in the decision making process. If there is a dispute between team members, each side will be given an opportunity to present their argument and a rebuttal to the opposing argument. If one of the members is neutral, he or she will act as a moderator. After the discussion of arguments, a formal vote will be made, and the team will act on the decision with the most votes.

Finance/Equity

To cover fixed costs and a trial batch of products, each member of the team will invest $20. Subsequently, equity will be divided equally, with each member receiving a 33.33% stake in the company.