Managing A Business Or Even A Team

Katzenbach and Smith (1993a) recognise teams as the basic units of performance in organisations and identify a team as '...a small number of people with complimentary skills who are committed to a common purpose, performance goals and approach for which they hold themselves mutually accountable.'

 Develop by helping people to find the right fit, not the next rung on the ladder

Management differs today than it did in the past. In the past, managers were considered “bosses” and their job mostly consisted of giving employees orders, monitoring performance and reprimanding unproductive behavior and misconduct. Many managers still manage employees in such fashion; however, some managers now tend to be more proactive and have changed managerial functions for the betterment of company operations and performance to accomplish organizational goals. Effective management for company success now entails guiding, training, supporting, motivating and coaching employees verses just demanding what

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.

Teamwork cannot be demanded. Everyone involved must discuss and understand what the goal is and what is required of them. Teams should have traits such as goals and objectives, empowerment, trust, authentic participation, innovation, creativity, risk taking and leadership. (Temme and Katzel, 1995)

At a time when many companies experience a difficult economic situation, they have to cut costs by laying off workers, and worse if your employees decided to leave for other competitors. Losing a talented worker is costly and to replace your top employee’s knowledge, experience and customer relationships is not something as simple as ones might think. So why do good employees quit? Even with high wages or great benefit, employees can still depart from the company if they do not get along well with their managers. So in order to keep good employees on board, the managers play an important role in knowing and matching their workers’ needs. In what follows, I going to analyze the case study: “Why are we losing all our good people?” which is about a fictional firm called “Sambian Partners”; what's really the reasons that is driving talented people out of the company and offering some solution to help Sambian stop the talent drain.

One of the most important aspects is sharing a close relationship with the people one is corresponding with. This does not mean the participants must know all the details of the others’ lives or for that matter have known the person for an extended period of time. Instead, the people working together must be able to comprehend the motives of the other members and take compassion in their individual circumstances. Whether it is a sports team where the players may not all be best friends, but realize that each person will try their hardest and have bad days or if it is a business committee who treat all partners’ opinions with respect and attempt to understand their perspective, recognizing everyone has a unique view that deserves its own weight. Teamwork is more than just working together, but is the process of regarding and acknowledging every comrades’ strengths and weakness and then using this as the framework for achieving the overall goal. Personally, I experienced this important factor of teamwork during my years in gymnastic and dance classes. In the beginning of the year, our class would be shy and uncoordinated; nevertheless, as we took consideration about each member and built a personal relationship with everyone in the class we were able to create a relationship of a higher complexity, a team.

Management differs today than it did in the past. In the past, managers were considered “bosses” and their job mostly consisted of giving employees orders, monitoring performance and reprimanding unproductive behavior and misconduct. Many managers still manage employees in such fashion; however, some managers now tend to be more proactive and have changed managerial functions for the betterment of company operations and performance to accomplish organizational goals. Effective management for company success now entails guiding, training, supporting, motivating and coaching employees verses

Realizing that a group can become a high performance team is important. Accomplishing this goal is invaluable, advantageous and profitable. Once able to operate from a group to the high performing team is a great step into preparation into the big business world. Leaders and members must also realize not only how to accomplish this but that some problems will and can arise from different demographic characteristics and cultural diversity. That is if one is in such a group, which the probability would be quite high.

marketplace whims and creating an environment that celebrates individualism while at the same time wholly supportive of teamwork; 2. Supporting Teamwork-through this strategy, the company will manage to avoid traditional weaknesses that have plague many companies and develop a collaborative workplace that allow either individualism or consensus building to be taken to extreme; 3. Developing cross-functional individual – most companies tend to recruit, train, and promote people with in

In many aspects of our life, it is pervasive to work in a team. No matter in company, school, or another type of team it is necessary to be a part of a team and to achieve a team goal by corporations. People join a team with different personalities, goals, values, beliefs and needs. On the one hand, these differences can be a valuable quality of teams. On the other hand, these same differences inevitably lead to different levels of conflicts as well.

To fully discuss this topic, we must start with a simple definition of a team. Jon Katzenbach and Douglas Smith define a team in their best-selling book The Wisdom of Teams (Harper Business Essentials 1994), as

In today’s ever changing economy, society’s idea of management is becoming increasingly more difficult to sustain with the continuous demands of the position. A successful manager must have a certain level of expertise and problem solving techniques to carry out the daily tasks required. Over the years, there have been various ideas on what management is, such as planning, organizing, leading and controlling.

Business is loosely defined as buying and selling. However business is both an economic and social activity which is done to acquire wealth and serve the society through the provision of goods and services which the society needs.

In today’s competitive landscape, organizations must utilize every resource to its fullest in order to achieve profitability. Peter F. Drucker, who is known as “the founding father of the discipline of management”, informs us that employees are assets, which should be treated as a company’s most valuable resource. The key players involved in utilizing this valuable resource are the managers of a company. Managers have a vital role in a company and the effort they put forth into their tasks and responsibilities will directly affect the success of a company. In Drucker’s book Management: Tasks, Responsibilities, Practices (Revised Edition), he explains the role of a company’s management team and the secrets to becoming a great manager.