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Building a Great Team

Posted by: Today's Tip Contributor on March 11, 2010

In business and in sports, having great players at every position can make the difference between success and mediocrity—and even failure. Not all companies are positioned to attract the best talent. Often this is due to factors that are not within your company’s control.

Factors such as the market’s potential, company culture, capitalization and ability to raise additional funding, product attractiveness, competitive positioning, financial performance, and many others play a role in determining whether superstars will consider joining your team or not.

One thing you can control is hiring the absolute best you can find and giving them proper incentives so that the management team and the company are aligned on what "success" really means. This simple process will ensure togetherness of thought and facilitate cooperation across the team. In addition, you need to be the keeper of the culture that has made the company successful to date.

The combination of management team alignment and proper culture will help create an environment that will allow your company to prosper.

Nick Lantuh
Herndon, Va.

Reader Comments

Prof.P.Madhu Sudana Rao& Teme Temesgen Keno ,Haramya University,Ethiopia

March 12, 2010 4:40 AM

Building the winning team is hiring of talented people, who will work well together, develop a shared vision and commitment. There should be constant encouragement, positive and informal interactions between the group members The team members should have a “winning" attitude throughout, by eliminating problems such as jealousy, cynicism, and defensive behavior. The manager should not only need to show people what direction the company is headed in, but needs to get them to "buy into" this direction. Specifically, he needs to show people his vision for the future, his strategy for getting there, and explain why this is the best strategy.
Part of building the winning team should hold meetings, or even parties or celebrations, with as many people as possible from the entire organization, to help build a feeling of solidarity throughout the organization.
The key managers should convene a meeting where everyone will have an opportunity to give feedback on substantive issues.
• Assign specific projects for two team members to work on together.
• Try to arrange for close proximity of offices.
• Create an incentive-pay plan based on common goals such as profitability.
• Have a specific part of the salary review dependent upon "interaction with others."
There are some of the problems that can rip the team-building process apart,
• Jealousy and Cynicism. Some people are just negative by nature. Others might feel the company can't possibly prosper or they just don't like small companies, big companies, or whatever.
• Lack of confidence. Some people lack confidence in them and view attacks on their opinions as attacks on themselves, most small businesses allow the team building process to take its own course.
One should remember that good people quit the organization if they are not given due importance and those who continue become apathetic. Clarity of thinking on what one wants to achieve is the key to build a better team. The reasons for the failure of team are Ego, lack of skills, insecurity of job, lack of defined goals, and the personality of the employee.
Thus with a good team more work will be done faster and, efficiently. Communication will improve in the organization. Goals will be met or surpassed and profits will improve and there is no wastage of money. There will be healthy environment in the organization and the entrepreneur need not invest his time, money and energy. We should remember that success breeds success. Thus the teamwork in business allows people to use their skills collaboratively.

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