Benefits of Team Working for Companies

This project report explores the benefits of team working for companies. It discusses the importance of trust-building, idea generation, bringing in various personality types, and boosting productivity. It also provides examples of successful companies that have implemented team working.

Academic and
Professional Skills

Contents
INTRODUCTION.......................................................................................................................................3
MAIN BODY..............................................................................................................................................3
Topic A....................................................................................................................................................3
CONCLUSION...........................................................................................................................................6
REFERENCES............................................................................................................................................7
APPENDIX.................................................................................................................................................8

INTRODUCTION
It is essential for companies to manage their staff or employees in an effective manner so
that overall goal can be achieved. In the employees, there should be proper skills regards to work
for which they are hired (Salmon, Stanton and Jenkins, 2017). The project report is based on
benefits of team working for companies. Teamwork reflects a group's cooperation in achieving a
shared objective or in performing a task in the most efficient way. This idea is seen within a
broader team of web framework who come together for a common objective. In the project
report benefits of team working is mentioned in a detailed manner.
MAIN BODY
Topic A
Benefits of team working?
A team consists of a community of individuals linked to a shared target. Teams are particularly
suitable for highly complex tasks with numerous interrelated subprojects. Teams which are
perhaps interdependent, such as soccer teams and work as a development team for a common
purpose. It contributes in an effective manner to achieve common goals. Herein, below benefits
of working in team are mentioned in such manner that is as follows:
Build trust- Self belief depends on other individuals and cooperation creates good connections
between workers. While differences exist on occasion, a successful team loves working together
and maintains a close bond. Companies build the foundations of a team work so that overall goal
of their can be achieved.
Idea generation- Working together for a task can encourage the whole team to come up with
more solutions and to foster both physical and technical awareness. Any other approach will
never substitute the motivation and insights that may come from team discussions. It keeps the
thoughts clear and concrete while collaborating as a team so that others can appreciate the
efforts.

Brings in various personality types- Another important part of teamwork is the understanding of
the various psychological forms and sizes of individuals. For a good team building, multiple
individuals who succeed in diverse fields should work together (Woodcock, 2017). The whole
team will profit from the group’s innovative minds to make the project more successful. All
should concentrate on what is important for them and create the best environment with their
different personalities.
Boosts Productivity- In spite of all the benefits of teamwork such as joint workload, improved
quality, fresh experiences, innovation of concepts and more imagination, collaborating as a team
can increase the company's overall profitability. Productivity is increasing dramatically with
more hands on deck.
Why is it advantageous to work in a team?
People meet and work as teams in many working situations. Team leaders can be chosen or also
appointed by themselves. For longer and shorter times they may function together. Teamwork
should encourage and facilitate interaction between Member States. Smarter choices, products or
services may be led by teamwork. Working in team is beneficial due to following reasons:
Problem solving- Working together to improve, develop and build ideas is a major asset of
teamwork. Every team member is accountable for having an equally valuable commitment to
giving his / her own views on an issue to find the best answer (Bell, Brown, Colaneri and
Outland, 2018).
Accomplish tasks faster- An individual can't work at the same speed as a squad, because a person
takes on a variety of tasks. When people cooperate, they may execute activities more efficiently
by exchanging research with individuals with diverse expertise and experience.
Everyone has unique qualities - The special experience and skill of each leaders of the team can
be provided to support other participants better. The teamwork will enable users to be more
productive as a team member in the future.

So these are the main reasons which indicate that working in a team is beneficial for companies
as well as for managers.
Illustrate your arguments with researched examples.
There are a range of companies who applied team work concept and became successful. It
depends on companies that how well they can manage their team in right directions. Herein,
below example of a company is given in which they applied team working concept and became
successful:
Ford car company- This Company has implemented concept of working in team that helped them
to become one of the successful company in automobile sector. In the initial years, companies
faced tough challenges due to higher competitions and because of lack of team bonding. After
encompasses of time company focuses mainly on working in team instead of individual manner.
As a result, their overall goals started to achieve and they became able to beat their competitors
(About Ford car company example, 2020). This is indicating that working in team is one of the
key aspects that contribute in a huge manner. Herein, this is important to know that concept of
team working cannot be replaced by any other way. Companies have to apply it for their
employees if they want success.
Who benefits?
As above stated that working in teams is beneficial for each member of team. There is no
specific area in which team work helps to employees, managers or company. It benefits to each
and every member of a group (Hanaysha and Tahir, 2016). This is so because of following
reasons:
Employees- Due to team work, it becomes easier for employees to learn about new skills and
elements which can help them in future.
Organization- By help of team work, organization can achieve their goals and objectives with
less time and efforts.

Managers- As well as by help of team work, managers becomes able to complete their task in an
easy manner.
CONCLUSION
On the basis of above project report this can be concluded that team work is an essential
thing for success of companies. Each member of a company gets benefit of this. Due to team
work, complex tasks can become easier to perform. Report concludes about case of Ford Car
Company in which they adopted team work concept and became successful.

REFERENCES
Books and journal:
Salmon, P.M., Stanton, N.A. and Jenkins, D.P., 2017. Distributed situation awareness: Theory,
measurement and application to teamwork. CRC Press.
Woodcock, M., 2017. Team development manual. Routledge.
Bell, S.T., Brown, S.G., Colaneri, A. and Outland, N., 2018. Team composition and the ABCs of
teamwork. American Psychologist, 73(4), p.349.
Hanaysha, J. and Tahir, P.R., 2016. Examining the effects of employee empowerment,
teamwork, and employee training on job satisfaction. Procedia-Social and Behavioral
Sciences, 219, pp.272-282.
Online:
About Ford car company example, 2020 [Online] available through :<
https://www.success.com/5-inspiring-companies-that-rely-on-teamwork-to-be-
successful/>

APPENDIX
Power point presentations slides: