ISSN No : 2319-7935 (Print)
2319-7943 (Online)

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Ashok Yakkaldevi
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Abstract :
Team management is a task orientation working together for the attainment of common goal in the organization. It is considered as a powerful management structure with the potential as a powerful management structure with the potential to increase productivity, improve quality, empower people and enable organization to successfully meet the changing demands. Team work provides an organization design that recognizes the changing needs of the workers and the organization and provides the flexibility and adaptability needed to respond to ongoing pressures in terms of accountability, decreasing budgets, evolving technology, rising user expectations and competitions. Team are a special form of task group that have become increasingly popular in the sense used here, team is a group of workers that functions as a unit often with little or no Supervision to carry out organizational functions. Today teams are also called self-managed teams, cross functional teams, or high performance teams, Many firms today are routinely using teams to carry out most of their daily operations. Organizations create teams for a variety of reasons. For one team gives more responsibility for task performance to the workers who are actually performance the tasks. They also empower workers by giving them greater authority and decision-making freedom. In addition, teams allow the organization to capitalize on the knowledge and motivation of their workers. Finally, they enable the organization to shed its bureaucracy and to promote flexibility and responsiveness.
Keywords :
  • team management
  • financial organisation
  • daily operations
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