Benefits of Teamwork in Business Entrepreneurs Must Consider

The benefits of teamwork in business entrepreneurs must consider cannot be overemphasized because 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 teamwork, 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 deciding whether to use teams to perform specific tasks, entrepreneurs must consider both the benefits of teamwork in business and cost. Teams by nature, impact positively on both the output, productivity and satisfaction of members. On the other hand, teams may also create a situation in which motivation and performance are actually decreased.

For a team to be effective, it must possess certain benefits. These benefits, where absent or deficiently present, will naturally result in poor team performance.

An effective and efficient team must possess strong team identity, have competent team members, have clearly defined roles and responsibility. The benefits of teamwork in business entrepreneurs must consider includes the creation of strong commitment to the team,  mutual trust, high level of empowerment and effective communication. There are number of practices that can foster high performance of teamwork. The following are best practices for fostering high performance of business teamwork:

    • As a leader, act as a model for expected behaviors
    • Find ways to create early success
    • Continually introduce new facts and information
    • Make sure team members spend lots of time together
    • Give positive feedback and reward high performance
    • Communicate high performance standard
    • Set the tone in 1st meeting
    • Create sense of urgency
    • Ensure members have right skills
    • Establish clear rules and team behavior

Read Also: The Various Ways of Raising Capital for Business Start-up

Benefits of Teamwork in Business Entrepreneurs Must Consider

Teamwork fosters creativity and innovation, blends complementary strengths, improves morale and provides greater flexibility in the workplace. However, the entrepreneur must seek to explore these positive benefits of teamwork in business to creating more value for the enterprise. Here are some of the benefits:

  • Shared vision or goal

There’s always a vision or goal to which every member of the team subscribes to. This vision or goal are understood and shared by all.

  • Strong team identity

Members strongly identify with the team. They feel themselves as actively belonging to a team. Results driven structure. The structure of the team facilitate the achievement of set goals.

  • Competent team members

The composition of the team is very important. Care are taken to ensure that members have task relevant skills, knowledge and attitude that will ensure goal attainment.

  • Strong commitment to the team

There is high social and task cohesiveness. The former ensures good interpersonal relations, while the latter results in feeling of fulfillment arising from goal achievement.

  • Clearly defined roles and responsibilities

Every team member knows what his or her role and an expectation are, and directs his or her energy towards performing them.

  • Mutual trust

Members trust and believe in one another in other words, there is reciprocity of trust among members. Mutual thrust ensures smooth interpersonal relations.

  • Small team size

The size of a team has implications for its performance. Large teams tend to have disagreements and differences of opinions which may impede goal attainment.

  • High levels of empowerment

Requisite power and authority is given to team members. This will enable them get their jobs done without much reference to higher authority.

  • Effective communication

Information necessary for achieving team goals is freely shared among members to enhance performance.

  • Independence among team members

The task of the team is such that there is interdependency among members. That success of the team is determined, at least in part, by the success of other members.

Strategies that may be adopted by entrepreneurs in team building, the desire for organizational effectiveness requires that team perform optimally.

  • Increased level of effort

Employee teams often unleash enormous energy and creativity from workers who like the idea of using their brains as well as their bodies on the job. Since the success of teams depends on all the members, exceptional effort is thus made to ensure goal

  • Satisfaction of members

Employees have a need for belonging and affiliation. Working in teams can help meet these needs. Participative teams reduce boredom and often increase employees’ feeling of dignity and self-worth.

  • Expanded job knowledge

Teams empower employees to bring together knowledge and ability to task. Multi-skilled employees learn the entire job that the team performs. Again, the intellectual resources of several members can result in short cuts and alternative points of view for team

  • Organizational flexibility

Employee teams ensure greater flexibility as expanded job knowledge allows work to be re-organized and workers reallocated as needed to produce products and services with great.

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