Theseis

It is quite often to see teams that are comprised by stellar performers fail miserably. In fact, such teams are quite often candidates for failure, almost by default. And they fail not despite of the fact that they are comprised by stars but exactly because of that. Individual performance is just a very poor predictor of team success. Quite the contrary! Teams can therefore be formed but good teams need to be forged! And if this is the case it would be interesting to see into what a team is, what a good team is and how a good team may be created.   A number of people working together is not necessarily a team. A number of people working together is just a group. A group of people working together become a team only when there is a common task that no member of the group can handle alone. The very notion of a team is therefore defined around cooperation. But cooperation is still not enough. It has to be a cooperation for a purpose! It is therefore the purpose that requires coope...

The success of a CEO is usually judged by the financial results that he or she is able to deliver. Normally, other things being equal, strong financial results, especially short-term, would be expected to drive the price of the share up and in this way the interests of the shareholders would be expected to be served. The shareholders would therefore be happy, the board would be happy and the CEO would be successful!   But even management students know that financial results can be squeezed out of organizations to the expense of its long-term interests as well as of the interests of the various stakeholders too. Organizations do not exist for increasing their shareholders value only. They exist to serve a purpose and shareholders are rewarded when this purpose is served well. Shareholder value would therefore need to be expected to flow as a result of sustainable, profitable growth this is guided exactly by a strong organizational purpose. It is therefore important that organiza...