In order to develop new financial instruments for sale to its clients,a bank brings together a cross-functional team consisting of members from the finance,legal,and marketing units.Which of the following is a problem that is likely to arise from such a cross-functional team?
A) The widely varying initial perspectives of team members can increase conflicts.
B) The knowledge of the team is not specialized and this will hamper effectiveness.
C) The team will not have sufficient technical knowledge for the project.
D) The diverse backgrounds of team members will stifle creativity.

Question

Quizplus · Accepted Answer

When a cross-functional team is formed, members from different units bring their unique perspectives, expertise, and priorities. However, these differing perspectives can also lead to conflicts and disagreements as team members may have different goals and priorities. Therefore, managing conflicts effectively is essential for the success of the cross-functional team.

In Order to Develop New Financial Instruments for Sale to Its