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... Even in the business world, change occurs. Business priorities change, target markets change, and even the strategies that businesses use to organize their structure change. But can companies who change their managerial and policy styles succeed in today’s uncertain economic environment? ... Current business trends are calling for a change in the way modern businesses are organized. ... Information will be presented discussing the shift in business organizational trends and the increasing emphasis on team management in the business world. The advantages of teams in the business environment will be detailed and an example of their application in an operating business will be presented. It is hoped that the information presented will give the reader a better understanding of the impact of teams on the current business philosophy and provide insight into the future of business organizational trends.
Introduction
Business leadership roles have changed drastically with the advent of the team-managed organizational structure. Joe Schultz stated in his article Management by Teams, “leadership techniques that applied years ago do not apply anymore”. ... A new focus of businesses utilizing teams/leadership to make the changes, in order to offer a better service or product, is the new business trend of the 21st century. Team-managed organizational structures have been found to be successful in the small business arena, and a new impetus in team management is forcing larger organizations to take a second look at this oft-maligned organizational style. ... The economy was booming during the Clinton years and advances in personal and business information technology paved the way for a more global approach to business.
But what does the 21st century hold for business? ...
Businesses must alter both their business processes and management systems in order to succeed with an organizational structure that emphasizes teams. Every business, no matter what the organizational method, is comprised of five integral systems: “the [business’s] structure, culture, internal resource management systems, policies and procedures, as well as accountability and rewards”. ...
As the organizational basis of business has changed with the turn of the century, many businesses are turning to team-based organizational patterns, instead of promoting a hierarchical structure, in an attempt to remain competitive in today’s ever-changing economic climate. ... Flexible, creative and innovative business organizations cant be developed with rigid bureaucratic job descriptions, or extra layers, or the boxes and lines that used to be called organization design”.
Approximate Word count = 1895
Approximate Pages = 7.6
(250 words per page double spaced)
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