Common Barriers to the Successful Functioning of High-Performing Teams
February 12, 2025
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 […]
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 […]
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 […]
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 […]
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 […]
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:
Any team contract needs to lay down the Ground Rules for Participation:
Ground Rules have to be set for Communication also
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.
Your email address will not be published. Required fields are marked *