Question

In: Finance

Please write (typed) 2-3 paragraphs about teamwork in my organization (Finance department). like how was the...

Please write (typed) 2-3 paragraphs about teamwork in my organization (Finance department). like how was the teamwork at my organization and how successfull we were in it. Don't name any specifc organizaton name. It should refer to my organization.

Solutions

Expert Solution

Team Work in my organization and benefits are

  • No organization runs for charity. Targets must be met and revenues have to be generated. Tasks must not be kept pending for a long time and ought to be completed within the desired timeframe. A single brain can’t always come with solutions or take decisions alone. He needs someone with whom he can discuss his ideas. In a team, every team member has an equal contribution and each team member comes out with a solution best suited to the problem. All the alternatives can be explored to come out with the best possible solution. Thoughts can be discussed among the team members and the pros and cons can be evaluated.
  • Tasks are accomplished at a faster pace when it is done by a team rather than an individual. An individual will definitely take more time to perform if he is single handedly responsible for everything. When employees work together, they start helping each other and responsibilities are shared and thus it reduces the work load and work pressure. Every team member is assigned one or the other responsibility according to his specialization, level of interest and thus the output is much more efficient and faster.
  • Work never suffers or takes a backseat in a team. Mike was taking care of an important client and was the only one coordinating with them. Mike took a long leave and there was no one else who could handle the client in his absence. When he joined back after a long vacation, the organization had already lost the client. Had Mike worked in a team, others could have taken the charge when he was not there. In a team, the other team members can perform and manage the work in the absence of any member and hence work is not affected much.
  • There is always a healthy competition among the team members. Competition is always good for the employee as well as the organization as every individual feels motivated to perform better than his other team member and in a way contributing to his team and the organization.
  • Team work is also important to improve the relations among the employees. Individuals work in close coordination with each other and thus come to know each other better. Team work also reduces the chances of unnecessary conflicts among the employees and every individual tries his level best to support his team member. The level of bonding increases as a result of team work.
  • Team members can also gain from each other. Every individual is different and has some qualities. One can always benefit something or the other from his team members which would help him in the long run. Everyone is hungry for recognitions and praises. One feels motivated to work hard in a team and to live up to the expectations of the other members. Each member is a critic of the other and can correct him whenever the other person is wrong. One always has someone to fall back on at the time of crisis.

Related Solutions

Please write (typed) 2-3 paragraphs about teamwork in my organization (Finance/accounting department). like how was the...
Please write (typed) 2-3 paragraphs about teamwork in my organization (Finance/accounting department). like how was the teamwork at my organization and how successfull we were in it. Don't name any specifc organizaton name. It should refer to my organization.
Please write (typed) 2-3 paragraphs about how would you describe your organizational culture? not the thoery...
Please write (typed) 2-3 paragraphs about how would you describe your organizational culture? not the thoery of organizational culture It should be Communal Culture (high degree of sociability/high degree of solidarity). dont mention any organization name it should refer to my organizational culture like where I work as general. Thank you
Please write (typed) 2-3 paragraphs about strategic teams (team work) and what are the pros and...
Please write (typed) 2-3 paragraphs about strategic teams (team work) and what are the pros and cons of using employee teams to achieve the organization objectives? With examples
Please write (typed) 2-3 paragraphs about strategic teams (team work) and what are the pros and...
Please write (typed) 2-3 paragraphs about strategic teams (team work) and what are the pros and cons of using employee teams to achieve the organization objectives?
Please write (typed) 2-3 paragraphs about strategic teams (team work) and what are the pros and...
Please write (typed) 2-3 paragraphs about strategic teams (team work) and what are the pros and cons of using employee teams to achieve the organization objectives?
Please write 2 -3 good paragraphs about how can an organizattion stop gowing to increase its...
Please write 2 -3 good paragraphs about how can an organizattion stop gowing to increase its profitability with two actaul example of organizatiions that stopped growth to increase profitability and how it worked? Thank you
choose a topic that relates to finance and write about it around two paragraphs and 3...
choose a topic that relates to finance and write about it around two paragraphs and 3 citations
Please write 2-23 paragraphs providing a scientific and thoughtful opinion about this Behavioral Finance question. One...
Please write 2-23 paragraphs providing a scientific and thoughtful opinion about this Behavioral Finance question. One could argue that neither the classical finance assumption of rationality of investors is correct nor are the markets entirely irrational. Discuss the merits and demerits of these alternative philosophies about asset pricing.
please write 2-3 paragraphs about it Describe the most important aspects of Versailles. Include in your...
please write 2-3 paragraphs about it Describe the most important aspects of Versailles. Include in your discussion influences, Louis XIV’s taste, and descriptions of the interior, the façade, the gardens, and their scale.
Write a 3-4 paragraphs report about electric circuits submit it (why do we use circuits) typed...
Write a 3-4 paragraphs report about electric circuits submit it (why do we use circuits) typed please
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT