“Lost at Sea” activity for Finance class on 23-08-2013

This exercise was used as activity. It is designed to know the individual strenghts and capability of decision making of the students.

Instructions

Part 1

Participants should divide into teams of 5 and then be given 10 minutes to individually rank the 15 items.

Part 2

Team members should then confer for an additional 10 minutes and decide on the team’s priority ranking of the 15 items.  

Part 3

Team members should then compare their individual rankings with those determined by the group as a whole, and discuss why the scores differ, if applicable.  Or, if individuals would re-rank items based on the group discussion, what changed their minds? How where they influenced by the group? 

This activity helped student’s to develop consensus building skills within a team.

This was used to examine the benefits of consensus building vs individual thinking in relation scenario outcome.

This activity was conducted by Prof. Raghu.N