While “teamwork” may sound like the newest business buzz word, it’s actually been around for quite a while. What started as a way to increase productivity in a company has evolved to an actual science today with measurable results.
There are many reasons for this, but the clearest involves the need for collaboration. As was noted in a recent Fortune article, even geniuses like Thomas Edison were never “lone inventors.”
Business operates in ever evolving collaborative environments due to integrated factors, such as technology, globalization of markets and flatter organizational structures. Companies that effectively implement teams have found tremendous rewards in the form of innovative ideas, higher productivity, increased efficiency, and communicative cultures. As MIT Professor Alex “Sandy” Pentland says in his recent HBR article, The New Science of Building Great Teams, this enables “energy, creativity, and shared commitment.” Read More