Team work

Hi!
I am doing MBA-IT from Symbiosis, Pune www.symbiosiscomputers.com
I got an assignment from my professor for the subject E-business strategies.
The assignment was to prepare a report on B2B exchanges by chosing 2 exchanges in a vertical of our own choice.
There are 6 members in my team including me.

I want to write how I enjoyed working in a team. Infact, I have learned what NOT to do during a team assignment.
Firstly, all the team members are different with different IQ, knowledge, ability to search the net and find relevant information.

Those who are familiar with the management jargon will understand well.
One member of the team wrote strategy under the sideheading Business Model. Well, we all know that strategy and Business model are 2 different things. The funny thing is that the professor explicitly mentioned in the class about this difference.
other member came and told me that he was not able to find the strategy for covisint.com and asked if he could write the vision and mission statements under the sideheading strategy.
What i like about these assignments is that we have to do a lot of analysis on our own and there isn't any readymade information available on net.
The professor asked us to describe the different processes involved in the B2B exchange of our choice.
This is the funniest part. One member wrote about the different types of services provided by the exchange instead of the processes.

I tried to correct a lot of information in our assignment, but i wz really pissed off. so, I submitted the assignment. I wonder what the professor will think when he checks our assignment.