High-Performance Teams Final Assessment

Which of the following will not help to create a value-enhancing finance function reputation?

Constantly chasing people for missing paperwork
Going the extra mile to deliver quality data and analysis
Proactively finding ways to add value

Why are shared values helpful for creating high-performance teams?

They provide guidance and direction for the team
They improve communication and collaboration within the team
They create a sense of belonging and unity within the team
All of the above

Which stakeholders should finance functions add value to?

Internal stakeholders
External stakeholders
Both
Neither

There is a level of value that can only be created when different teams are working together by sharing knowledge, expertise and different perspectives. TRUE or FALSE?

True
False

Why is team participation so important within a high-performance finance team?

It helps to create a cohesive team
It forces people to do things they don't like doing
It helps dominant people to express their opinions

What does SMART stand for within SMART objectives?

Specific, Measurable, Achievable, Realistic and Team-based
Sensible, Measurable, Achievable, Realistic and Time-based
Specific, Measurable, Achievable, Realistic and Time-based

How do you check that delegated tasks are being done properly?

Constantly check up on the people who are performing the tasks
Establish a reliable system for monitoring progress, reviewing work and following up on tasks that have been delegated
Rely upon the person to tell you if they need help

What does managing upwards mean?

Provide the necessary support to help senior members to deliver their role effectively, support the development of their management skills and help them to get the best out of everybody in the team.
Act as the boss to your senior colleagues by regularly setting them tasks, telling them what they need to do and determining their future career progress.
Abandon the hierarchical structure in order to create a new system where everybody has the same level of authority regardless of their grades and roles.

How often should you update your personal growth plan?

On an annual basis to avoid spending too much time on this
On a monthly basis so that you are constantly reflecting any required changes
On a regular basis in line with any changes to your role, business and personal aspirations

Which roles are relevant for successor planning?

The finance leader role
All important roles that require knowledge and technical skills that could not be quickly replaced at short notice
Every role in your team

Team Development 08 – High-Performance Teams

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Participants 3926

High-Performance Teams Final Assessment

Dan Wells July 20, 2022

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