Team Management - Meaning, Importance & Example
What is Team Management?
Team management is a series of steps and coordinated activities performed by leaders or managers along with a group of individuals referred to as a team to perform given tasks in the stipulated time period. Team management is an important concept in every field where individuals with different skills work together to achieve a common goal. In business, team management is the collective and orchestrated effort of all employees to achieve organizational objectives.
Importance of Team Management
Every organization comprises many employees who are assigned a particular role in their job. Each individual performs their job and tasks as per the requirement. But the collective effort of everyone is what companies want to achieve their business goals. This is where coworking management systems and teamwork are essential.
Team management is essentially managing a team. In team building exercises, any issues among team members have to be resolved, the best skills have to be used and the business goals have to be met as a part of team management. The concept is closely interwoven with other skills like leadership, time management, decision-making, good governance, communication making, etc.
Team management is essential in managing any team. Depending upon the business requirement, there are different types of teams:
- Cross-Functional Team
- Self-Directed Work Team
- Special Purpose Team
- Shamrock Team
Whatever the team output required, the basic principles and strategies of team management are similar.
8 Tips for Effective Team Management and Strategy
Team management is an important skill that is required by any manager. Companies have to identify leaders who can control, direct and maximize the output of their team. Some tips and strategies for effective team management are:
A good streamlined and honest discussion with team members is essential for effective team management. The team members have to be constantly communicated with business ideas and company strategies that the leadership is thinking about so that employees are aware of what the company’s vision is.
Effective team management requires the constant motivation of employees.
A strong team requires that all the members are motivated and full of positive energy to complete their tasks.
Feedback from employees by seniors as well as peers is important for effective team management.
Companies evaluate employees using techniques like 360-degree feedback and help employees improve.
Having a transparent organizational structure is critical for time management.
Subordinates and team members should have easy access to top management, discuss new ideas, revolt against certain wrong practices, employee voices should be heard, etc.
Effective team management ensures a team leader uses delegation of authority while giving work to members. This helps in employees’ confidence who feel that the manager trusts their work skills and abilities.
Team members who have flexibility at work using methods like work-life balance help in their business output, which is important for effective team management.
Recognizing the efforts of team members through rewards, awards, prizes, promotions, etc. is essential for good team management as this helps in employee confidence.
Updating employee skills with regular training and development helps in strong team management. New skills, tools, learning methodologies, training sessions, etc. help sharpen employee skills and thereby improve team output.
Key Advantages of Team Management
There are a lot of advantages of a properly managed team.
The 4 main advantages are:
1. Team Enablement
With proper team management, the leaders can find the gaps in the teams' skills and help them fill them through group training and discussions. Team members can help each other in learning and understanding the overall objectives and get enabled.
2. Increase in overall employee job satisfaction
Effective team management can lead to a better understanding of the team members, managers, and leaders. This leads to an increase in overall job satisfaction among the team members. Teams work in synergy and understand each other better.
3. Effective collaboration
Proper team management leads to working collaboration among the group. Teams can divide work effectively as per the skills of individual team members and individuals. This can lead to the overall improvement of the output
4. Improved Results
If the team works effectively through proper management, then the overall synergy makes sure that the output is improved and better results are seen from the team. Effective teams can achieve much more as compared to disengaged and unmanaged teams.