You work for Private Equity $($PE$)$ firm that buys medium$-$sized companies, fixes them up$,$ then sells them to larger competitors. You've just been placed on a new team to explore companies for purchase in the medical support services space $($X$-$ray facilities; Kidney dialysis; physical therapy; etc.$).$ There is a partner overseeing your team, but for the most part your four$-$person team will manage itself, as long as things go well. Your goal is to find good businesses to buy and spin them out in $3-5$ year time horizon so the team will be together for a while.

Each of you have developed a list of potential companies over the last few weeks, but you seem to be talking past each other in meetings. Narrowing your lists down to find a good first target is proving difficult and you're not sure why you can't move forward. Everyone seems to be getting along, but the lack of progress is starting to bother everyone.

What phase of team formation are you stuck in$?$

Select an answer and submit. For keyboard navigation, use the up$/$down arrow keys to select an answer.

a

Forming

b

Storming

c

Norming

d

Performing