In 2018, I surveyed leaders from around the country to ask them why their businesses had incorporated teamwork into regular business operations. Below I’ve listed their responses in percentages.
- Quality of work improvements – 35%
- Productivity increases – 25%
- Reduced operating costs – 15%
- Job Satisfaction of team members – 14%
- Restructuring made easier with teams in place – 4%
- Other 7%
Further these leaders described in their own words (see below) the numerous benefits they gleaned from incorporating teamwork into their business framework.
- Increased productivity for the organisation
- Improved quality of output
- Greater focus on problems related to executing ideas
- Enhanced quality of work life and job satisfaction for managers and frontline staff
- Reduced operational costs
- Reduced turnover and absenteeism of frontline staff
- Reduced conflict among frontline staff and management
- Increased development of team members
- Improved creativity and innovation
- Better adaptability for the organisation
Effectiveness of Teams
Without question, many business leaders are now convinced that building teams within their organizations will help them become more competitive, and better prepared to win in the marketplace. Additionally, some believe that operational costs can be lowered due to reduced costs of staff turnover. Others report that the individuals within their teams report increased job satisfaction which is good for the bottomline.
Elaine Allan BA. MBA
Technology & Business Blogger
Vancouver, BC, Canada