5 Factors which shows how ‘Teamwork’ leads to Business Success.

 

The ancient Pyramid of Giza is said to be one of the seven official wonders of the world. Without any doubt, we can feel its wonder just by looking at it. If we study more about it, we will get even more amazed. Even today building those kinds of pyramids seems to be an impossible task. Some historians are still in doubt about whether it was made by humans or not. Because building such a Giant Monument was unimaginable when considering the time it was constructed. So what made the impossible possible? The answer is teamwork.

 

 

Pyramids are one of the best examples which demonstrate the potential of teamwork. It shows us that Effective Teamwork can break the limits and transform your team into a firm with unlimited capability. Businesses should learn and understand the importance of their workforce for breaking their limits and thriving. The focus should be given to improving the relationship between the workforce and building the right team for your business.

 

"Teamwork is the ability to work together toward a common vision. The ability to direct individual accomplishments toward organizational objectives. It is the fuel that allows common people to attain uncommon results."

-Andrew Carnegie

 

Here are 5 factors that show how teamwork leads to success:

 

1. Enhanced Communication

Communication between members is one of the main factors for the success of an organization. Working as a team boosts communication in the organization.

communication brings motion to the workplace. Without effective communication, there will be confusion for the members of the firm regarding their actual goals. It helps to remove confusion on the pathway of the business. Communicating includes discussions, negotiations, appreciation & criticism which all lead to value creation for the business because more ideas and improvements are generated during these processes. These ideas may turn into great ideas and can get converted into more business for the organization.

 

Also enhanced communication will improve the speed of tasks being completed and allocate more time for completing other tasks. It also brings more clarity to the workforce because the roles of each member will be well defined.

2. Increased Productivity

Studies show us that a person is more productive when he is working as a team rather than working alone. Teamwork in the workplace means a more efficient and productive workforce. Working together saves time and provides everyone with more energy to focus on getting the job done. Real-life companies like Pepsico and Google are some of the companies which acknowledge this. They have achieved a more productive workforce by giving more emphasis to teamwork.

 

One important feature of teamwork is that it provides a concept of ‘psychological safety’ to each member of a group. This means that the team members will feel safe to take interpersonal risks, and they will work with a relaxed mind which adds up to more productivity.

 

3. Creativity & Learning

Giving more emphasis to teamwork means that more autonomy is given to the team. This means that the team will be having more control over what they do and they can work with more freedom. Each team member will come up with their ideas and sometimes these ideas may be great for the business. Also, they will feel that their ideas do matter. Thus, a way to explore the creativity of the staff is opened. 

 

In These ways, the overall performance of the team & organization is improved.

As Micheal Jordan once said,

 

"Talent wins games, but teamwork and intelligence win championships."

 

4. Personal Skill Development

Teamwork helps to develop the individual skills of the members. There will be a stage for the employees to learn new skills, and knowledge and gain experience if they work as a team. Problem-solving & time management skills are some of the main abilities which will get improved when working in a team. These are achieved when each member shares their thoughts and experiences and the way they are solving problems, this will influence the other people and also it gives some level of motivation for low performing/low experienced members to get along with other members of the group.

 

Other examples of individual skills which are developed through teamwork are:

·    Critical thinking

·    Collaboration

·    Leadership etc.

5. Team Spirit

Unity is strength!. Working as a team in an organization will increase the unity between all members and will enrich their team spirit. If this is achieved then solving problems will be interesting for all the members. sometimes working individually will lack motivation or satisfaction from employees.

 

The organization may not be able to utilize the maximum potential of staff due to this. But a team with good team spirit will be a motivated group and they will contribute their maximum potential to the project. Also, they will take care of each member and try to rectify the mistakes of one another to achieve the better result for their group.

 

We can find real life examples of Success of companies or products through teamwork around us.Behind the success of internet giants like youtube & google, teamwork played an important role.The leading browser in the world - Google chrome, was the result of a well executed team experiment in google. According to google’s research, 5 key factors about a successful team are:

 

Ref:JULIA ROZOVSKY, ANALYST, GOOGLE PEOPLE OPERATIONS NOVEMBER 17, 2015 via reWork

 

Teamwork enlists a level of enthusiasm in a person. Moreover, it is essential to save time, as groups of people work on specific tasks. Which as a whole saves time to a higher extent. Also, it boosts the confidence of the members working in your organization.

 

Are you an organization that encourages teamwork in the workplace.? 

 

Share your valuable thoughts and experiences of success through teamwork.

 

(Author is an auditor and business consultant in AK & Partners Auditors and Chartered Accountants. AK is one of the leading audit firms in qatar. Please send your comments and suggestions to hafiz@akauditors.com,  Mob: 30947609)