Business Reporter: Why it is Essential for Businesses to Nurture High-performing Teams
LONDON, Dec. 10, 2019 /PRNewswire/ -- London Team work is the secret to success, as it brings about multiple benefits for any business, say Management Dynamics.
With the increase of communication through technology, the traditional, physical office set-up is being reconsidered. However, the importance of being surrounded by a strong team should not be undermined by this shift in working environment.
According to an article in Business Reporter, "It is essential that we get teamworking right – fast!" The article explains: "according to Harvard Business Review, 75 per cent of teams are dysfunctional and 60 per cent of teams fail to deliver."
Jenni Miller and Alison Grieve, Directors of Management Dynamics, created a criterion of five dynamics to guarantee a high-performing team. They put it like this: "The business benefits of high-performing teams are significant and have been proven by research."
But why is it so important people work well together? Well, an effective team can bring about:
- Higher productivity
- Increased profit
- A greater sense of satisfaction
- Higher levels of well-being
- Lower levels of employee turnover
- Skills such as collaboration and innovation (which cannot be achieved by digitisation alone)
It is not easy to create a perfect, high-performing team, as the article states: "Getting it right can be hard and requires a unique set of skills on the part of the leader." Despite this, it is clear that the power of a positive, productive team should not be underestimated.
To learn more about why it is essential to have a high-performing team, read the full article here.
About Business Reporter
Business Reporter is distributed with The Daily Telegraph, The Sunday Telegraph and City AM, with each publication reaching an average of 1.5 million people.
Content is also published through the Business Reporter and teiss websites, which include video debates, online articles and digital magazines, delivering news and analysis on the issues affecting businesses to a global audience.
Business Reporter also hosts conferences, breakfast meetings and exclusive summits, events which bring together some of the most influential decision makers and innovators in modern business. These exclusive events for business leaders give Business Reporter direct contact with readers and help to inform the content and direction of its editorial projects.
Business Reporter is committed to the UN Sustainable Development Goals, and was the first UK member of the UN SDG Media Compact. We have launched a website dedicated to showcasing the work of companies towards these goals at 17globalgoals.com.
Business Reporter is committed to providing meaningful analysis to everyone in business. Whether you're running a small business, the head of a local company or an executive in a multinational corporation, there's something for you at Business Reporter.
About Management Dynamics
Management Dynamics focus on facilitating businesses with leadership and management skills. They provide impactful and interactive learning experiences, helping people – especially managers – to develop their skills.
The company pride themselves on investing in people, through their talent management expertise. Their services include team development, through "The 5 Dynamics of High Performing Teams" model adapted to help create more engaged, productive teams.
Share this article