Why the Digital Age Demands Decision Makers to be Like Elite Marines and Zen Monks
February 7, 2025
Bankruptcy is one of the natural states which a company may find itself in. Entrepreneurship is primarily about taking risks. When companies take risks, some of them succeed, whereas others fail. Hence failure is a natural part of the business. However, many critics of bankruptcy laws believe that there isn’t a need for an elaborate […]
What is the Wirecard Scandal all about and Why it is a Wakeup Call for Whistleblowers Anyone who has been following financial and business news over the last couple of years would have heard about Wirecard, the embattled German payments firm that had to file for bankruptcy after serious and humungous frauds were uncovered leading […]
How Modern Decision Makers Have to Confront Present Shock and Information Overload We live in times when Information Overload is getting the better of cognitive abilities to absorb and process the needed data and information to make informed decisions. In addition, the Digital Age has also engendered the Present Shock of Virality and Instant Gratification […]
Geopolitics, Economics, and Geoeconomics In the evolving global trading and economic system, firms and corporates are impacted as much by the economic policies of nations as they are by the geopolitical and foreign policies. In other words, any global firm wishing to do business in the international sphere has to be cognizant of both the […]
In the previous article, we have already come across some of the reasons why the government should not encourage funding of stadiums that are to be used by private franchises. We have already seen that the entire mechanism of government funding ends up being a regressive tax on the citizens of a particular city who […]
High-Performance Teams as we all know can be a blessing for an organization, as such teams play a crucial role in boosting organizational productivity and growth by meeting challenging outcomes.
But, such teams are also faced with several barriers or challenges which act as impediments in their journey of excellence. These barriers are caused due to the differences in the attitude, approaches, professional aspirations, roles, qualification and experience backgrounds of the team members.
The members of High-Performance teams under normal circumstances enjoy a great chemistry which gets demonstrated through their actions, work outcomes, professional relationship and the combined goals which they achieve.
The foundation pillars of an High-Performance team are mutual trust and confidence, open communication and a collaborative approach. But differences do occur amongst the team members which is resolved at an individual level or with the intervention of the leader.
In the absence of right system, structure, management support, leadership and performance management system in place, high-performance teams will not be able to come up with the best results. Let us analyse some of the issues which the High-Performance teams are usually faced with:
The team members may struggle with individual disputes, role conflicts, disputes amongst the team members or may have difference on various policy matters of the organization, which should be addressed timely with effective solutions.
Lack of trust can be a major barrier in the path of success of high-performance teams as the members will fail to work towards a single purpose and will give importance to individual concerns. In the absence of trust, team efficiency, productivity, quality and probability will be adversely affected.
Feedback act as the guiding framework for the team members to perform better, learn from their mistakes and to avoid such mistakes in future. In the absence of an effective feedback framework, the teams will fail to deliver optimal results and act upon their performance related loopholes with effective solutions.
High-Performance teams are required to be nurtured, facilitated and require continuous support as well as the guidance of an able leader who can motivate the team members to continuously exceed the expectations and achieve challenging results. For such teams to prosper and deliver the intended goals, the members of the teams should be made to feel that their presence and contributions are valued, acknowledged and will be rewarded appropriately. The members should have a perception that they are treated more than just employees by their management and also that they can expect due justice for their contributions at work.
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