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Managing Finance - Setting and Acheiving Budgets

"We believe that teams - real teams, not just groups that management calls "teams" - should be the basic unit of performance for most organizations, regardless of size". (Katzenbach, J R & Smith, D K; the Wisdom of Teams, Harvard Business School Press, Boston.)

(a) Critically analyse this statement and discuss whether you agree or disagree with it. Justify you answer.

Katzenbach, J R & Smith, D K, go on to say, "Teams are more productive than groups that have no clear performance objectives because their members are committed to deliver tangible performance results. Teams and performance are an unbeatable combination" . Nearly all of us at some stage have been members of a group that we've labelled a team, whether it was a sports team, debate team, a committee, a task force at work, or an advocacy group in the community. Essentially, the label of team is given to a group of people who interact well. Nevertheless, it is important to use a more precise definition of a team for two reasons:

· We can discern the features a team possesses that distinguish it from a group.

· We can identify the features of a high performance team.


· To motivate managers to strive to achieve the organisational goals.

At the core of a high-performance team's capability is the team members' ability to use interpersonal relations to facilitate team learning and performance. Team members forge and maintain high levels of camaraderie and appear to leverage these personal processes to: (1) accelerate members' ability to learn from each other and from their collective experiences; and, (2) efficiently focus members' efforts on accomplishing their objectives. Descriptions of high-performance teams consistently mention team members' emphasis and maintenance of strong team identity. This team also vigilantly minimizes internal politics by agreeing to place high value on the team's collective goals.

Information relating to Perfection Engineering



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Approximate Word count = 2214
Approximate Pages = 9 (250 words per page double spaced)


  

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