Teamwork can be simply defined, 'as a state of unity achieved within a group of people working for a specific economic benefit'. The phenomenon of teamwork in business is basically used to define to coordination and cooperation, between the members of a partnership that form a business or a joint venture or a private limited company. There are several, genuine advantages of preserving a team spirit so as to ensure optimised output.
The following advantages of teamwork are not only applicable for businesses but they can also be noticed in departments that function with the help of united efforts.
United Effort: Teamwork in any business ensures that the task at hand is executed with the help of a united effort. The significance of the united effort is that the business organisation that is concerned, functions like a single person, thereby enhancing the quality of operations. There are, also, some other related factors, such as ensuring equality in profit-sharing and division of work. It also helps team members to maintain a very good system, that designates appropriate authority and responsibility. A united effort, also, reflects good team building and team spirit.
Division of Work: Teamwork ensures that there is an equal and fair distribution of work within the organisation. A fair work distribution ensures that every person or every working unit, executes any task at hand, with the best possible efficiency. The division of work, also, ensures that the work is done on time and to deadlines.
Reduction of Risk: When the task at hand is executed with the maximum possible efficiency, there is a reduction in risk. The best advantage of teamwork in business is that the burden of failure is borne by all the team members and it does not fall on the shoulders of just one person.
Specialisation of Work: Another very good advantage of teamwork is that a person is able to specialise in one specific field. That is, he can optimise the quality of the work that he does, and can also work with the maximum possible efficiency. This ensures a high quality output from all individuals and the whole team.
Subordination of Personal Interest to Organisational Interest: One of the biggest advantages of teamwork is that personal interest is subordinate to organisational interest. This ensures that all the team members put in the maximum possible efforts into their work, thereby ensuring a high quality and timely output.
Surely you have noticed by now that the list of advantages points out two basic facts; that work, when distributed, reduces one person's workload and a reduced amount of work ensure optimisation and efficiency. The following points emphasise the importance of teamwork in business, and why it is essential to improve teamwork.
Timely Completion: Teamwork is one of the best ways to ensure the timely completion of any work, with the maximum possible efficiency.
High Quality Output: Teamwork, by default, ensures high quality output that makes everyone happy. It also reflects the sincerity of the team members.
Goodwill and Reputation: Teamwork, also, increases the goodwill and reputation of a business. The goodwill, in fact, is a tangible asset of any business that plays a highly instrumental role in bringing in more customers and public trust.
Unification of Merits: The indirect advantage of effective teamwork, is that there is unification of the merits of team members, and the team, on the whole, does not depict any demerit.
In today's world, the importance of teamwork is always felt because of the demand for efficiency and timely execution of work. It is, therefore, very important for any business organisation to work, not as a group of people with different motives and objectives, but as a group of people with one motive and objective, and a soul that reflects the image of success!
To read some of Eventus' free team building resources please click here
Source: http://eventusteambuilding.blogspot.com/2012/10/how-important-is-teamwork.html
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