There was once an old adage that “Practice makes Perfect,” and as cliche as that sounds it is the truth. The only way we, as an organization, can create a successful conference is through practice. The mock conferences that are held at the Minnie B Veal are steps in the right direction to achieving success; therefore, we must constructively criticize and praise, simultaneously, the mock conferences.
Cons: – Preparation: Akshay and I were not necessarily prepared to lead a conference, but, instead, we were seemingly just thrown into the fire. We were not sure how to go about leading this conference or how to stir up controversy among the companies; as a result, we both learned that it is crucial to have done the necessary research to successfully lead a conference.
– Indecisiveness/Confidence: During the conference Akshay and I were hesitant to make decisions that would negatively affect the companies. This was due in part to our inexperience but it had a lot more to do with our confidence or lack thereof. We were not confident that we had made decisions that were within the boundaries of our autonomy. From this, leaders can learn to be sure of the power they hold and to justify each decision confidently.
– Focus: One of the companies during the conference was not active in their goal to further improve itself. The directors in the company were becoming distracted with online sources and were not focused on the task at hand. Focus is key in creating a successful company. Each member must be working to devise ways to further the companies success.
Pros: -Creativity: Creativity and innovation are key in creating a product that will bring in a stream of revenue. One of the companies, Nokia, decided to partner with Tesla to use its OS system into the cars entertainment systems. Moves such as these will bring in a plethora of profit to a company as it is innovative, attractive, and different. Why not partner up with a front running, popular, global car company to promote your brand to increase your market share?
-Different Looks: As leaders of the conference, it is key to throw different looks at the companies so they are put through difficult times to see how well they respond. The world’s greatest companies are the ones that became even more powerful after facing adversity. Akshay and I found ways to negatively affect the companies. For example, we had Tesla sue Nokia for faulty engineering; as a result, Nokia was forced to create a settlement for 100 million dollars. The setback caused Nokia to explore different ways to create revenue. The different looks will get the companies thinking, which is the ultimate goal of the conference.