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The Value of Self-Managed Teams

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The Value of Self-Managed Teams Introduction In an increasingly globalized and competitive marketplace, it is not surprising that organizations of all types and sizes are reevaluating their team structures in an effort to achieve and sustain a competitive advantage. Although every organization and team are unique in some ways, teams share some common features that can help determine which type is best suited for a given set of circumstances. A growing number of companies have found that self-managed teams provide the best mix of autonomy and talent to improve business performance and achieve organizational goals. To gain some further insights into these issues, this paper provides a review of the relevant literature concerning teams in general and self-managed teams in particular to determine how they can contribute to the performance of companies and what factors must be taken into account in their formation and administration. Finally, a summary of the research and important findings are presented in the conclusion. Review and Discussion Today, companies of all types and sizes are trying different team structures in an effort to help them become more productive and effective in an increasingly competitive globalized marketplace (Frame, 2002). According to Burke and Cooper (2004), teams can be defined as "a distinguishable set of two or more people who interact, dynamically, interdependently, and adaptively toward a common and valued goal/objective/mission, who have

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