The Use of Teams in the Factory

The Use of Teams in the Factory

Teamwork is a core competence in modern organizations. Excellent planned and implemented teamwork gives a company a high competitive advantage and creates opportunities to sustain these advantages and keep competitors on distance. Not only in the last years have companies focused on many different aspects and forms of teamwork.

Many of the most successful companies in their branch heavily rely on teamwork. Especially companies that offer special services to individual customers which require specific knowledge take advantage of using teams to generate value. Goldman Sachs’ trains its teams regularly to ensure the extraordinary productivity they offer to their customers. “Despite this investment in the individual, our experience is that a person's true potential is only fully developed when he or she works as part of an outstanding team.”[1]

So their key to success is selecting people carefully based on their personal skills and providing them with outstanding training to match the requirements for excellent teams.

Auditing giant PriceWaterhouse Coopers states it’s focusing on working in teams in its code of conduct.[2]

But not only financial service providers rely on teamwork to generate a competitive advantage. In present days teamwork is important to companies in all sectors. No matter if you look at the world’s most famous fast food chain McDonalds[3] or semiconductor producer Intel[4]. These companies promote the role of teamwork on their homepage and famous platforms like Youtube.

Global player Buzztronics will celebrate its 100th anniversary in 2012. Management took this as an occasion to examine the organizational structures and implemented some extensive changes to ensure Buzztroni...

... middle of paper ...

...opments quickly and eventually guide their managers how to delegate the work to the teams.

In order to attract the best talents from top universities Buzztronics promotes teamwork on career fairs, recruiting events and on its homepage. This ensures continuous competitive advantages by benefiting from excellent teamwork and prepares Buzztronics for the next century.

Works Cited

[1] http://www2.goldmansachs.com/our_firm/investor_relations/financial_reports/annual_reports/2002/teamwork/

[2] http://www.pwc.com/en_GX/gx/ethics-business-conduct/pdf/Global_Code_of_conduct_2011.pdf

[3] http://www.mcdonalds.com/us/en/careers/working_here.html

[4] http://www.youtube.com/watch?v=OPLWE1XUTuA

[5] Ratliff, Richard L; Beckstead, Stephen M; Hanks, Steven H; Quality Progress; Jun 1999; Pg. 31

[6] http://humanresources.about.com/od/involvementteams/a/team_culture.htm