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The Secrets of High Performing Teams: 9 Tips from Top Business Leaders

 

It’s basic human nature to form teams. After all, it didn’t take long for cavemen to realize the benefits of teamwork. It became fairly evident that a lone human out on the prairie was likely to be killed and eaten by predators, but a group of humans could organize so that what was originally a predator could become the prey of humans.

This is the synergistic effect of teamwork.[1] What is impossible to accomplish alone becomes possible with coordinated efforts of a team.

In its simplest form, a team can be defined as “a group of people coming together, all working towards a common goal”. But that’s just the basics. Using that definition, ANY group of people can be considered a team. Smart business people know how to assemble high performing teams that can give them an edge on the competition.

A poorly managed or low performing team can create many more problems than they solve. On the other hand, when managed correctly, high performing teams are the best single assets any business can have:

  • Promoting a sense of commitment – High performing teams promote a deep sense of commitment and loyalty to both the team’s goals and the organization.
  • Better results – High performing teams will usually produce better results than a standard team no matter what metric is used to evaluate them. Quality of result, making deadlines, schedules, etc.
  • Having clearly defined roles – Individual team members will have a clear understanding of both the team’s goals and their individual roles within that framework.
  • Promoting healthy competition – Having each team member understand exactly how their contribution contributes to the success of the team fosters a sense of obligation to coworkers that can enhance performance.
  • Complementary skills – A high performing team will consist of diverse members with varying expertise. This allows for constructive brainstorming sessions that build off of one another’s contributions.
  • Building trust – Members of a high performing team develop an interdependence on the other team members in order to complete the project. This interdependence is what builds trust within the group.

As a manager, your success or failure can be determined by your ability to create and manage a high performing team. After all, in business, we are all judged by the results that we bring to the company.

If you can master the ability to form and maintain high performing teams, you become a very valuable asset to your company. Use these 9 tips from top business leaders to develop a high performing team:

1. Have a Clear and Concise Goals

This needs to start at the top. Upper management needs to set and clearly communicate the goals and values of the organization. This should be accomplished through the development of vision and mission statements so that the overarching goals of the organization are concrete and clear to everyone.

Using the mission statement as a framework, the department heads can then set clear goals for the teams within their divisions. In turn, managers, using the framework passed down from the department heads can set goals for their individual teams.

By using this approach, everyone is aware of their individual goals, their team goals and how those goals contribute to achieving the overall goals set forth in the mission statement.

2. Make It Exclusive

Successful business leaders know that people will actually work harder and be happier if what they are working on is seen as exclusive or special. Everyone likes to be apart of an elite group.

A good manager can create an air of exclusivity by using rigorous hiring standards as well as high-performance standards. That, coupled with a compensation package that is unique to the group, (this can be higher pay, performance bonuses, extra vacation, flex-time, telecommuting etc.).

All of these things combine to create an exclusive atmosphere that encourages people to strive to gain entrance and maintain their position within the team.

3. Evaluate Skill Sets

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