Evaluate the Advantages and Disadvantages of Globalization for Business

Importance of teamwork is that when a team works well together they tend to understand their team members strengths and weaknesses. Strong teamwork can benefit from the team members and I say this because they become more capable at splitting up tasks so that they are accomplished by the members of the team that are more highly qualified. If businesses didn’t have strong teamwork within their business, it could make everything a lot harder for managers of the business to settle certain staff members, whom can fulfil tasks at their incomparable standard.

In Charles Duhigg’s “Smarter, Faster, Better,” Duhigg discusses the science behind productivity in both everyday life and the business world. In the second chapter of this book, named “Teams,” Duhigg discusses productivity as it relates to what the title suggests: teams, and what characteristics go into making the best teams possible. He asserts that it is not leaders or the strength of the individuals alone that create the strongest team, rather it is the parts of each member and their established positive norms that create the overall strongest teams.

It is essential to have teamwork within a company. Companies who have embraced the concept of teamwork have reported increased performance in work production, problem solving and it has stimulated new growth. This group project approach has improved employee morale and increased input when managed correctly. The benefits of teamwork can make a positive effect in the company that incorporates this type of teamwork approach.

In today’s complex and ever changing environment, organization continue to experiment with new forms of team development. Some of the most successful teams bring together employees with different talents and perspectives. In this research report, my aim is to have a clear and deep research on teamwork and how it affects businesses so that I can help Tina and Frank who is coming back from overseas to start their own business. Before could anybody start their business, it is very important to learn certain aspects. Team work is one among them. I have included some of the important information I collected through my research in order to help Tina and Frank succeed in their business.

Teams are used to serve a variety of functions for organizations. According to Levi (2007), teams are comprised of people working together on a common project for which they all are accountable. They are usually part of a larger organization and the members of the team have specific knowledge, skills, and abilities about the task at hand. A successful team from the team members’ point of view is one in which the team members focus on the internal operations, the contributions of the team members and how well they all work together. A successful team, from managements’ point of

Teamwork is important in industries like aviation to ensure flights land safely, the military uses it to protect the country, finance professionals need to practice it to keep the nation’s economy running smoothly, the auto racing unit teamwork is essential to change all 4 tires by a team. Overall, in any industry that requires reliable human performance, teamwork is a necessity.

export capital (factories, jobs, resources) for production abroad (remember, you will want to concentrate on the ethics of this proposed action, rather than the political or legal implications) on

Furthermore, each team creates strategic goals that help them achieve organization mission and visions. Just as in sports, teams aim to meet their strategic goals through collaboration. Just as effective sports teams reach championship games and break scoring records, teamwork in business organization results in increased productivity and job satisfaction. Like sports teams, effective teams are made up of members that trust each other.

When working with a large task it is helpful to have a plan of action. There are usually many steps and much involvement is necessary for production and or operation. Because of this, it is helpful to have a helping hand. Once team members have been selected and plans are complete it is then necessary to think about who will be better suited for each type of function. Often times, a majority of these functions overlap and involve one another and team members need to work together. That is when teamwork comes in handy. Without teamwork many of the largest projects could not be complete and possible. They are an essential part of business.

All with differing skills and levels of experience, to allow a service to be provided efficiently and effectively. Each member of the team has a purpose and a function within that team, so the overall success depends on a functional interdependency. There is usually not as much room for conflict when working as a team. The team also does not rely on groupthink to arrive at its conclusions.

Teamwork is capable to uplift productivity and at the same time it is vital to meet solution for complicated challenges and difficulties. High performing teams usually combining individual talents and abilities to achieve team work. Multinational companies are mainly concentrating on performance of team and investing more amounts on teams to grab maximum benefit. Effective approach is pivotal to establish high-talented teams, include group task, individual tasks, monitoring and evaluation methods, and development of regulations for meet final output. (Hearst Newspapers, 2014)

Many organizations today believe that the use of work teams will allow them to produce better products and provide better services, faster, and at lower costs. Using a work team approach can reinvigorate productivity and service provider motivation, and better position an organization to deal with a rapidly changing environment. However establishing effective work teams is not something that comes easy. Though, the benefits of effective work teams within an organization are very substantial, it takes alot of hard work and dedication on the part of management and team members to develop, implement and maintain effective work teams.

Globalization can be defined as ‘international integration’, which can be described as the process by which the people of the world are unified into a single society and functioning together. This process is a combination of economic, technological, and political forces (dictionary.com).

In the present time almost all companies operate in a global environment or there in the scope of expanding at an international level. This globalization of business appears to be an ongoing process, but it has its own hindrances and opponents. Critics suggest that globalization leads to the exploitation of developing nations and workers, causing harm to the environment in quite many cases, and increased human rights abuses/violations. To add that, the critics believe that globalization primarily benefits the wealthy and widens the gap between the rich and the poor. Whereas on the other hand the supporters of globalization argue that open markets lead to increased standards of living for everyone, higher wages for workers worldwide, economic growth and development in impoverished nations. There are many large corporations which are multinational in scope and will continue to face issues be it legal, social or ethical coming into context because of the globalization.

If good teamwork promotes productivity and quality improvement, then why are productivity and quality levels sometimes lower in a team environment (Tudor, 1996)? The truth is more companies fail at achieving a team-based approach than succeed, which lends credibility to the significant steps that must be taken to successfully implement and sustain a team-based organization. If implemented efficiently, it can afford an organization excellent coverage across all its business operations.