Two advertisements can exemplify the way organisations use team selection to motivate performance. In the first, Goldman Sachs proclaims the following the bold letter: “The good news is great minds don’t think alike…. We believe the best ideas come from the room full of differing opinions. With our substantial global resources, we’re able to bring different minds and disciplines to the table. The result is out of the box thinking instead of the conventional solutions” (Economist, February 2000).Bell Atlantic promotes pioneering thinking in a diverse working culture. “At Bell Atlantic we believe in the power of diversity and the power of the individual. It is individual thinking from a diverse group of people working together provides fresh new ideas and gives competitive edge especially youngsters and fresh graduates who can take risk. (New York Times, January 17, 2000). Forming heterogeneous groups in these companies make some …show more content…
They receive information generated by the organization or the employees of the organization. Their decision is main and final decision in the organization and it has to be analyzed and interpretation has to be done by the top management. Sometimes they receive the information which is unstructured. Because of the cognitive diversity of a top management team lessons the team’s bounded rationality, they are able to improve the overall firm performance (kilduff et al, 2000). The firm’s tendency is to take the strategic decisions/action on the two factors. One is how well they will be able to interpret the stimuli; the second how quickly they take decisions. The interpretation of the stimuli improves as managers from various functional backgrounds and give their input. For example in an organization they decide to keep an objective of cost control in the manufacturing of the products, so the organization decide to have a collaboration with the concern suppliers. So in that organization a human resource professional in a top management will be able to map training and development programs which is required to fulfil the objective of the organization that is align their supply chain practices with the objective. So this functional diversity will be a result in quick implementation of the strategic plans. So the functional heterogeneity of a top