Examine the concept of team based approach in an organisation
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Mariam Peyton is a professional Financial Analyst. She holds a Masters degree in Economics. She specialises in financial analysis and forecasting. Her expertise includes studying the financial performance of companies, markets and entire industries looking for trends, insights and information that can help you glean rich insights for use in academic and market research.
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This essay is going to assess the concept of a team-based approach in organizations. An organization is defined to mean a group of people that comes together with the primary aim of achieving a specific goal. This clearly means that in an organisation people come together and interact with each other so as to attain the set goals. In organizational design, an organization is defined as an entity that uses the latest knowledge, process, and strategies to execute its plans keeping in mind the organization’s future plans. Modern organisations are regarded as key leaders in discovering businesses and management trends for example strategic alliances and virtual offices. A team-based approach is defined as an organizational structure where a number of teams work toward achieving a common goal. This approach encourages less hierarchy in their structure thus allowing more flexibility, better problem solving, teamwork, and decision making thus contributing to the productivity in organizations which is going to be discussed in detail in the following sections.
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the concept of a team-based approach in an organization a Case Study
Key Learning Outcomes
By the end of the case, students should be able to:
- Understand the concept of a team-based approach in businesses
- Understand the various significances of this approach and how it helps in attaining organizational development
- Learn how to apply the concept to any organization
1.0 INTRODUCTION
The economy is expanding at a fast rate and as a result, businesses have been forced to focus more on innovation so as to expand both their market and customer base. The team-based approach in an organization involves a team of professionals with numerous knowledge and skills working towards achieving a common goal. In this approach, every individual on the project team is equally responsible for the quality and success of the project. This approach offers unique benefits such as the rapid flow of information and stronger communication in an organization. The approach encourages less hierarchy in their organizational structure thus allowing more flexibility, better problem solving, teamwork, and decision making thus contributing to the productivity in organizations. This essay is going to examine the concept of a team-based approach in organizations.
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