Paul Milgrom Econ 490 Fall 2019

Teamwork is difficult. Trying to get everyone along to complete a project is a challenging process as every person is different and have varying perspective on how things should be done.   I once had to work with a team when creating a group presentation on a book for one of my English classes a few years back. This may not be a professional setting, but I think an academic setting share quite a few similarities. The project that I was a part of had essentially a circle network configuration. Everyone equally had their own input and there was no hierarchy to report to, just other team members. We divided up our work among the six of us and everyone did their own part.  We were able to agree on a lot for things for the most part, and it wasn't as inefficient as the text said it may be.  In terms of Katzenbach and Smith, our team had several distinguishing characteristics.  Regarding the “high-performing teams are of manageable size” we had an opt...

I do not believe I have ever been in an RSO that merged with another one. I have been in a fraternity however, that has a very rigid structured nature. At the head was the executive board which comprised of the President, Two Vice Presidents (Internal and External), and New Member Leader. They were in charge of major operations within the organization with the President being the leader of those four. The executive board essentially decided the direction the organization was going in and how it ran.  Below them are the standard chairs who hold positions such as marketing chair, fundraising, professionalism etc. These chairmen lead their respective areas and have full control of those sectors within the organization. The leaderboard combined gave out tasks and duties to all the remaining members without positions. Then every year, there are elections that take place where all the active members vote for next year’s leadership. I had to attend chapter meetings weekly so that br...

Description: \ Paul Milgrom is an economist who has been instrumental in a lot of economic theories that are widely used today. Dr. Milgrom is the Shirley and Leonard Ely (a fellowship that he is a part of) professor in Stanford's department of economics and teaches humanities and science. He has numerous degrees from Univ ersity of Michigan, Stanford. His work is quite important as he researched and made quite a few contributions to game theory. I read up on the some of the work he did and it is quite relevant to the course. He applied his previous search of game theory to the research of organizations. He utilized several methods to describe about how manufacturing has evolved over time and how they can be more efficient. I did not know Dr. Milgrom at all before I was assigned this alias but after researching I understand now how important he is to the field of economics.