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Team To Market: An Emerging Approach For Creating Dream Teams For The Postpandemic World

Author

Listed:
  • Li, Feng

    (City, University of London)

  • Avery, Clare

    (City, University of London)

Abstract

Teams are the fundamental building blocks of modern organizations, but despite over 50 years of research and practice most organizations are still notoriously inconsistent in creating high performance teams. Traditional checklist approaches have not worked, because successful teams often display contrasting features in member composition, power structures, decision making processes, and resource levels. Teams with identical characteristics frequently deliver vastly different results. Based on recent empirical evidence from 25 leading organizations across seven countries, this paper advances the notion of “team to market” (T2M), an emerging approach that can signi cantly increase the chances of organizations creating “dream teams” through an outcome-driven culture, an experimental approach, and a greater level of diversity.

Suggested Citation

  • Li, Feng & Avery, Clare, 2021. "Team To Market: An Emerging Approach For Creating Dream Teams For The Postpandemic World," Journal of Financial Transformation, Capco Institute, vol. 52, pages 56-67.
    • Handle: RePEc:ris:jofitr:1651
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    File URL: https://www.capco.com/Capco-Institute/Journal-52-New-Ways-of-Working/Team-to-market-An-emerging-approach-for-creating-dream-teams-for-the-post-pandemic-world
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    More about this item

    Keywords

    Team; teamwork; teamworking; high performance team; dream team; virtual team; telework; telecommuting;
    All these keywords.

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis
    • D23 - Microeconomics - - Production and Organizations - - - Organizational Behavior; Transaction Costs; Property Rights

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