As Lee Iacocca, former CEO of Chrysler Corporation, said: "All business operations can be reduced to three words: People, product, and profit. People come first. Unless you've got a good team, you can't do much with the other two." Successful managers are those who create, work with, and manage successful teams.
A team is two or more people who meet regularly, perceive themselves as a distinct entity distinguishable from others, have complementary skills, and are committed to a common purpose, a set of performance goals, and an approach for which they hold themselves mutually accountable. High-performing teams engage in collective work produced by coordinated joint efforts that result in more than the sum of the individual efforts. Teams of ten or fewer members find it easiest to interact constructively and reach agreement.
ACTION POINT: Understand and utilize the power of teams in your organization.
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