Rachid is the charismatic face of Finaventures. He travels the world as a Public Speaker to spread the word about Entrepreneurship, Innovation and Anchoring at conferences and motivation seminars.
Friday, December 28, 2012
What Are the Benefits of Teamwork in Business?
Teamwork involves different people and different groups across your business working together to maximize their efficiency and reach a common goal. There are many ways of organizing teams – some teams are organized around a particular product that is being developed, while others are organized around a process, such as manufacturing or research. In addition to providing team members with experience, benefits of teamwork include increased efficiency, financial savings, innovation and morale.
Teamwork allows employees to take greater responsibility for decision making and also allows team members to control more of the work process. This can lead to improved morale as employees gain more authority and ownership over the projects they are working on. The extra responsibility can lead to a more rewarding work environment and lower turnover. Working on a team also gives employees a greater sense of belonging and of recognition, which helps them take more pride in their work, and their company.
Teamwork can help companies to be more flexible. By bringing employees from different parts of a project together into one team, problems or bottlenecks can sometimes be ironed out more easily. For example, car manufacturers might sometimes use this method when designing automobiles. Instead of each new car design going through separate areas, such as design, engineering and parts supply, the car manufacturer will organize one team that includes employees from all those areas to design each car. As problems arise in one area, the entire team can deal with them and the work can proceed much faster.