Discuss the stages of team development.

1. Discuss the stages of team development.

As the leader of a virtual team, how would you facilitate the team’s development through each stage?

2. Lord Acton, a British historian of the late 19th century, said that “power tends to corrupt; absolute power corrupts absolutely,” suggesting that a person’s sense of morality lessens as his or her power increases.

Discuss this idea.

Do you agree that power corrupts? Can you provide an example?
Considering this idea, is it ethical for leaders to try to increase their power?

3. Class, I’m sure many of you remember the Publisher’s Clearing House sweepstakes – like me, some of you may even have been a finalist for the super prize of $10 million. 🙂 If you did win this prize, you would not actually receive a check for $10 million. Instead, you would receive $500,000 per year for 20 years. Imagine that you actually were the lucky winner. From a purely financial standpoint, would you be willing to accept $8 million today rather than $500,000 per year for the next 20 years? Why or why not? What non-financial factors might also be considered?

4. Read the “Global Economic Crisis” story on p. 212. Discuss the credit default swaps and the effects it had on the financial crisis.

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