Blog series: how to tap into the power of your team

xeinadin

Date:

Category:

Share this article:

A business can only be greater than the sum of its parts if those parts are as strong as they can be in the first place.

If even one component is pulling in the wrong direction it can have devastating effects company-wide. So how do you build teams? Motivate them? Retain them? How in times of crisis do you help teams step up their game and show you what they’re really made of? It’s only when challenged we realise how much potential they have. So how do we tap into it? Let’s read on and find out.

Is there a more clichéd section of the internet than motivational quotes on teamwork? “There’s no ‘I’ in team”,“Teamwork makes the dream work”, the list goes on. However, what these simple platitudes conceal is the fact that a great team isn’t something that just happens. You can’t create a great team with a few cat posters and occasionally bringing cakes into the office. Building a team takes hard work and long-term investment.

“There is no such thing as a self-made man”

George Shinn, writer and entrepreneur

Calling for back-up

Anyone who runs a business will tell you doing it alone can feel like an overwhelming task to achieve on your own. How about having enthusiastic reinforcements who are committed to moving your business to where you want it to be? That can make all the difference. The truth is that behind every successful business, every millionaire or entrepreneur is a team of hard-working motivated people. To paraphrase the original quote on teamwork (from Sir Isaac Newton) if we succeed “it is only by standing on the shoulders of giants.”

Engaged teams are succesful teams

Building a strong team is not easy. It takes an awful lot of time, money and effort. So are the rewards really worth it?

Short answer, yes. Longer answer, absolutely yes. Research from the Hay Group shows highly-engaged employees are on average 50% more likely to exceed expectations than the least-engaged workers. They also vastly outperform firms with disengaged employees, by 54% in employee retention, 89% in customer satisfaction and a whopping 400% in revenue growth.

“By improving team satisfaction and happiness in an organisation by as little as 10-15% you will improve net profitability by over 40%”

According to internationally-renowned fashion designer David Meister, by improving team satisfaction and happiness in an organisation by as little as 10-15% you will improve net profitability by over 40%. Another Harvard Business Review study showed 30 to 40% increases in profitability after leaders focussed on individual and team morale. In short, you get a lot out of putting a little in.

This is the first item in the blog series about teams. More blogs on the subject will follow, so stay tuned.

This website uses cookies

With these cookies, we and third parties can collect information about you and your internet behaviour, both within and outside our website. Based on this, we and third parties adjust the website, our communication, and advertisements to your interests and profile. You can read more information in our cookie statement.

If you opt for acceptance, we will place all cookies. If you opt for rejection, we will only place functional and analytical cookies. You can adjust your preferences at a later time.

Accept Reject More options

This website uses cookies

With these cookies, we and third parties can collect information about you and your internet behaviour, both within and outside our website. Based on this, we and third parties adjust the website, our communication, and advertisements to your interests and profile. You can read more information in our cookie statement.

Functional cookies
Arrow down

Functional cookies are essential for the proper functioning of our website. They allow us to enable basic functions such as page navigation and access to secure areas. These cookies do not collect personal information and cannot be disabled.

Analytical cookies
Arrow down

Analytical cookies help us gain insight into how visitors use our website. We collect anonymised data about page interactions and navigation, enabling us to continuously improve our site.

Marketing cookies
Arrow down

Marketing cookies are used to track visitors when they visit different websites. The goal is to display relevant advertisements to the individual user. By allowing these cookies, you help us show you relevant content and offers.

Accept all Save

Name

Subtitle
Developer
Location
They are focussed on creating a future-focused and relationship-driven culture, that keeps its promises to you, our team members, and partners.
Xeinadin