Curious Observation – First Step in Decision Making Process
February 12, 2025
Whenever the topic of fixed income securities is considered, the obvious assumption many investors make is that the conversation is about bonds. It is true that bonds are the most commonly traded types of fixed-income securities. However, they are not the only type of fixed-income securities. Preferred shares are another common type of fixed income […]
If you sit back and look at the kind of traffic that is going through the Internet, you might be surprised. At any given point of time millions of people are exchanging messages, chatting and conversing with one another. We might very well assume that the percentage of people using the various social network channels […]
The transmission of information from the sender to the recipient through some medium is called as communication. Communication enables us to know what is happening around us. It helps us to share our knowledge with others and also gain from other individual’s thoughts and ideas. Communication takes place through various routes and channels and with […]
Neil Borden in the year 1953 introduced the term Marketing mix, an extension of the work done by one of his associates James Culliton in 1948. Marketing Mix – A mixture of several ideas and plans followed by a marketing representative to promote a particular product or brand is called marketing mix. Several concepts and […]
Leadership in the Face of Adversity The best leaders are those who can face adversity and turnaround their companies from times of trouble to positions of strength. Throughout history, the leaders who were feted and achieved fame are those who took charge during times of crisis and managed to actualize victory. Similarly, in recent decades, […]
A team comprises of two or more than two people grouped to achieve a common objective or a goal. On the other hand, High-Performance Teams are objectively more focused in approach and better than the usual work teams. The members of a High-Performance Teamwork towards the achievement of synergies in business outcomes and attainment of measurable results by aligning all the resources.
High Performing Teams are an extension of the regular teams having a higher sense of commitment towards the objectives or mutual purpose which defines the existence of a group. In a High-Performance Team, each member of the team plays the role of a partner in achieving outstanding and measurable outcomes.
High Performance Teams serve more significant benefits than the usual teams, as the focus is on mutual accountabilities, role expectations are clearly defined and the members can share ideas creatively. Some of the crucial qualities of a high-performance team which differentiates them from a regular team are:
In case of Average teams, the scope of the job for each team member is narrowly defined and importance is given to specialised skills or competencies. But, the members of the High-Performance Teams usually have multiple and complementary skills with a focus on broader objectives or goals which affect the organisational growth and profitability.
The members of a High Performing Team play the act as business partners and they enjoy a higher degree of flexibility to achieve the work goals.
The entire planning and coordination are done by the team members collectively instead of being undertaken by a leader exclusively. But in case of average teams, the responsibility of planning and coordination lies solely with the leader and the team members act as per the instructions and guidelines of the leader. The leader establishes the vision and the strategic road-map for the team members in case of average teams.
Building High-Performance Teams with all the qualities mentioned above is not an easy job. The following steps are required to be followed for establishing a high-performance work culture and developing high-performance teams:
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