Leaders are important for a company to succeed, but good teamwork is equally vital. This article looks at several reasons why business teams are integral to a thriving business.
Teams Can Be Geographically Dispersed
In the digital age, even small businesses can operate in multiple geographic areas. Business teams are vital to expanding the reach of a company to new areas. For example, a company operating in both Illinois and Nebraska can use individual teams to put forward the company’s values and products on a macro level but deal with different regulations and practicalities on the local level.
Teams Allow for Expansion
When businesses grow, they run the risk of losing what makes them great—that is, their core values, culture, and commitment to their product, service, and customers. As General Stanley McChrystal and a cowriter put it on Entrepreneur.com, “you can’t operate with 500 people the same way you did with 20.” By carefully layering expectations, processes, and organization into business teams, they can carry forward a company’s best traits while expanding into new avenues.
Teams Allow for Better Communication
A critical aspect of succeeding in business is communication. With a startup or small business, it can be easy for employees to feel heard by management, but as businesses grow, there will be more layers between employees at different levels. Business teams give employees a way to directly talk to a superior (their manager) or peers.
Teams Allow for Delegation
A startup with few employees may be able to get away with one leader giving direction to every employee, but that is not possible with larger companies. Business teams give leaders a way to delegate large tasks to groups of people capable of handling them.
To learn more about what makes companies succeed, visit the other content on Blackwater Capital Funding’s blog.