MSG Team's other articles

9594 How do Credit Default Swaps Work?

Credit derivatives were created in order to transfer the credit risk inherent in an instrument from one party to another without actually transferring the ownership of these assets. Prior to credit derivatives, there was no mechanism to isolate the credit risk of any financial instrument. Credit default swaps were amongst the first structured finance derivative […]

12978 Crisis Management Plan

Crisis refers to a sequence of unwanted events leading to major disturbances and uncertainty at the workplace. Crisis is an unexpected event which not only causes harm to the organization but also triggers a feeling of fear and insecurity amongst the individuals. Organizations must be prepared well to face inevitable threats and come out of […]

12601 What is Business Communication

Communication is neither the transmission of a message nor the message itself. It is the mutual exchange of understanding, originating with the receiver. Communication needs to be effective in business. Communication is the essence of management. The basic functions of management (Planning, Organizing, Staffing, Directing and Controlling) cannot be performed well without effective communication. Business […]

11035 Understanding the Risk Management Process

In order for businesses to run smoothly, risks need to be identified and managed. This is especially true in our increasingly volatile global economy. The risks involved, for example, in project management are different in comparison to the risks involved finance. This accounts for certain changes in the entire risk management process. However the ISO […]

10676 Post Weberian Models of Public Administration

In the previous section we read about the Weberian Model of Bureaucracy and its various aspects, however like all models this one too has its share of criticism and dissection performed by scholars and subject matter experts. The critics of the Weber model said that his theories of bureaucracy heavily discounted the human aspect in […]

Search with tags

  • No tags available.

It is important for any team to make an assessment of their current strengths. This will provide the basis for a plan in order to increase the effectiveness of the team in order to achieve the organizational goals.

Team contracts are meant to outline the ground rules for the team. It is important for the team leader to state what he wants in his team and what he does not want in his team.

Team contracts are created as well as monitored by the team. Any team contract primarily has a Code of Conduct.

This code of conduct may include:

  • The way in which a team will operate. Whether a team will work in a proactive manner or not. A team needs to anticipate potential problems. They need to work in such a way that the problems are prevented before they can take place.

  • Keeping the other team members informed. Communication is vital to the success of any team. Communication leads to building up of trust between the team members. No one works in silos and team success is achieved due to mutual cooperation and understanding.

  • Focus on what is best for the team as a whole. The team has to be bigger than an individual team player. The interests of the team have to come first. Besides, care has to be taken that the interests of the team and the team players are in synergy and do not clash.

Any team contract needs to lay down the Ground Rules for Participation:

  • Each team member needs to be honest as well as open. This is very important to ensure the success of the team.

  • Encourage a diversity of opinions on all topics. A team is made of people - different people with different views and opinions. These opinions may clash with each other. But in a team, everybody’s opinion matters. Hence each suggestion is taken and noted in order to be referred to later.

  • Everyone given the opportunity for equal participation. It is the team members who make up a team. Equal participation as well as equal inputs from all team members can lead a team to achieve its goals.

  • Be open to new approaches as well as listen to new ideas. The world is changing. The technology is moving too fast. The economy is highly volatile. In such a situation, no organization can afford to sit on its laurels any more.

Ground Rules have to be set for Communication also

  • First understand, and then be understood to apply to all team members

  • Be clear and concise. This will save time as well as promote better understanding among the team members.

  • Keep each discussion on track.

  • Use visual means like drawings, charts, as well as tables in order to facilitate discussion. It is very important for each team member to be on the same page.

There are many more ground rules which are laid down in a team contract in order to allow for a smooth functioning of the team. These will be discussed in another article.

Article Written by

MSG Team

An insightful writer passionate about sharing expertise, trends, and tips, dedicated to inspiring and informing readers through engaging and thoughtful content.

Leave a reply

Your email address will not be published. Required fields are marked *

Related Articles

Clarity of roles within a team

MSG Team

Ten Important Characteristics of High-Performance Work Teams

MSG Team