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“Great things in business are never done by one person, they’re done by a team of people.”  Steve Jobs

What is teamwork?

The business dictionary defines teamwork as a process of working collaboratively with a group of people in order to achieve a goal.  Teamwork is essential to accomplishing the objectives and goals of an organization.  And the ability to perform both as an individual and as an effective teammate is the key to professional growth and success.

Teamwork brings about unity to the organization.  Unity then results in team members working harder, being more cooperative, and becoming supportive of each other. Keep in mind that in order to be successful, the team must first understand its goals and objectives, before it can make a commitment to attaining them.

Trust is vital in a good team.  Each team member should feel free to disagree and to give honest constructive feedback to other members.  Communication between the members should be open and honest.  Effective team members are respectful to each other.  When the team members have a strong sense of belonging, a deep commitment to the team’s decisions and actions is generated.

Benefits of teamwork

Teamwork brings diversity of thought, different perspectives, more creativity, and offers different problem-solving approaches.  This in turn produces greater opportunities for the organization.  Since each team member is an individual that possesses different talents, communication skills, strengths, and weaknesses, the team collectively can produce more efficient output.  The phrase “The whole is greater than the sum of its parts” applies to the concept of teamwork.

In addition, it provides learning opportunities for the organization.  Each team member can learn from the other team members’ mistakes, consequently giving them the ability to avoid making the same mistakes.

Because each team member is unique, all the team members can gain insight into different perspectives.  As an example, team members can learn from the more experienced team members, while others can discover fresh ideas from the newer team members.

Finally, because there are multiple members in a team, the workload is shared amongst its members so that it does not become a burden to the one individual, which could then lead to stress and burnout.

Why does teamwork matter to the success of your business?

A survey was conducted across a wide range of industries, and the results found that if honest feedback, mutual respect, and openness are encouraged, team members are more likely to report higher emotional well-being.  And as we know, happy employees are more productive than unhappy employees.  While getting a pat on the back from your boss can feel great, a survey of more than 200,000 employees found that having the respect of their peers is the number one reason they go the extra mile at work.  Thus, getting the recognition from other team members can improve our productivity.

An effective team will foster a spirit of camaraderie, loyalty, and synergy, which can in turn shape the company culture.  The team then becomes a community that understands each of its respective roles, enabling each member to play his or her part for the common good of the organization.

Physician Revenue Navigators is a premier company that provides revenue management for healthcare entities.  Teamwork is one of our important assets.  Contact us to learn more about how we can help you gain more revenue.

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