The Importance of Teamwork in the Workplace

Teamwork is a common term used in the workplace. In fact, in many workplaces it is the only term that is used time and time again and for good reason. Whilst many of us may believe we are capable of working just as effectively on our own than within a team environment, in the majority of cases, it is true that an individual will perform better when nourished by a team.

Teamwork allows the individual to expand on their own skills by learning from others as well as gives them the opportunity to share their existing skills with other members of the team. The overall goal of teamwork is a positive work environment where people are working collaboratively to achieve a common goal – a group of people sharing and learning from one another.

Here are some of the major benefits of teamwork:

Achieve goals efficiently
Teamwork generally helps to achieve the common objective in less time. When a group of people with complementary skills mutually cooperate to accomplish goals, they will complete the work faster than otherwise would be possible.

Enhanced skills and development
Promoting teamwork in the workplace is often recommended as it allows for an enhancement of skills amongst team members. There are a number of people in a team and knowingly or unknowingly, team members will continue to learn from each other’s knowledge and thereby enhance their own knowledge, skills and capabilities.

teamwork

Creativity
Using teams most definitely allows more scope for creativity. Since there is more interaction going around than there would be if individuals were working on their own, creative ideas tend to evolve. Often bits of advice from colleagues may help a team member to come up with far more new ideas, than he/she would if they had to go about solving a problem all by themselves.

Enhanced communication
When people work in a team, they have to communicate with each other. As mentioned above, it is with the help of communication that ideas come into fruition. Not only can enhanced communication result in creativity but importantly, it also reduces or eliminates the likelihood of miscommunication or misunderstanding within the workplace.

Esprit de Corps
Team members interact on a continuous basis for the duration of a task. In the process, employees develop friendships, a sense of unity and become committed to the accomplishment of the team’s objectives. This kind of working atmosphere brings together employees in the most fruitful manner.

Equal distribution of work
Since a team is committed towards a common goal, all the members of the team are delegated a chunk of work. This ensures all the members of the team work towards the common goal and not only are a few members burdened with the responsibility of completing the work. A team which ensures that the workload is shared equally across its members is perhaps one of the best examples of teamwork being put to use.

How can we help?

Here in DCP we spend significant amounts of our time working with teams to enhance their performance in all of these areas. We use our knowledge of personality and what makes people tick to enhance awareness in teams on an individual and group basis. We use the highest quality personality tools to aid you in the process of learning more about the individual personalities at play in your team and how they combine to really enhance your teams’ performance as a whole.

, ,

What Makes Strategic Decisions Different – from Rosenzweig’s article in HBR

How to Improve Decision Making

– The Idea

Decisions fall into 4 categories, with the “right” decision making approach depending on 2 key factors – a) How much control the decision maker has over the terms and outcomes of the decision b) How success will be judged, i.e., will it be on relative or absolute terms.

In order to make better strategic decisions individuals need to identify what type of decision they are facing and develop the versatility to change their approach accordingly. Sometimes it is best practice to shift our mindset between both fields. This approach is know as “deliberate practice” and can be a crucial element of high performance.

Four Types of Decisions

  • Routine choices and judgments: Here the goal is to do well but not necessarily to finish first in a competition. E.g., personal investment decisions – you cannot improve performance after you buy shares. Here well-known lessons about avoiding common biases e.g., unrealistic optimism, gamblers fallacy can be applied. Control = low, and Performance = Absolute
  • Influencing Outcomes:Yet with many of our others decisions we can use our energy and our talents to make things happen.  e.g., how long we need to complete a project.  With these types of decisions, optimism and positive thinking can be very important for shaping outcomes.  Control = high, and Performance = Absolute
  • Placing Competitive Bets: This type of decision introduces a third dimension (competition). Success now depends on how you perform relative to others. The best decisions need to anticipate the moves of rivals. Princeton professor Dixit and Yale professor Nalebuff define the essence of strategic thinking as “the art of outdoing an adversary knowing that the adversary is trying to do the same as you” Control = low, and Performance = Relative
  • Fourth Field Decisions- This category involves decisions that are often the most consequential decisions that executive face, (e.g., launch a new product, and acquire a new company). In this field executive can influence the outcomes of their decisions and their choices are only successful if they outperform their competition. This is the essence of strategic management.

 

When facing these decisions executives need both – careful, dispassionate analysis and a willingness to push the boundaries.  When we can influence outcomes or outperform someone it is essential to have high levels of self-belief. Only those with high levels of commitment and determination will be in a position to win.