Team building and small business Essay Example | Topics and Well Written Essays - 2750 words

Team building and small business - Essay Example The present study would focus on the concept of team building. Team building and self directed workers within the business industry have penetrated over the years. Many businesses around the world are incorporating the issue of team building their business development. The philosophy behind team work suggests that business managers mash workers into groups that work cohesively in order to achieve business objectives. If team members are not to be cohesive they will fail to work and lessen business activities, and a non productive team fails to bring benefits to the organization and can easily lead to the collapse of business. It is for that reason; that managers are accountable for all factors that ensure that the teams are well managed for effective business production. Successful business managers know that building a team spirit is the core for small business development. Team building is based on the daily routines that occur within the small business. Good business team just doe s not occur on their own they are built by business managers. The notion of building and growing a well structured team is critical to the ongoing survival of a small business. This means that the process of coming up with a strong team that can work positively towards achieving the business objectives, leads to development of small business. For the business managers, to develop a good team they have to consider performance of each individual as they work to achieve business objectives.... Secondly balancing short term results against long term capabilities, and growth opportunities, third balance performance expectations, and lastly balancing the motives of human behavior. Small business Sustaining business development means adopting business strategies and activities than the need to meet the attainments of the business, and all its stake holders which lead to sustaining and enhancing the resources that will be needed in the future. Research studies show that successful business managers do share certain character traits (Stokes, 2006). These character traits do help them take control of their small business, and to ensure that these businesses flourish with a lot of success. These small business managers apply different marketing strategies to ensure that they get the target market for their goods. For them to achieve a better marketing strategy they need to plan and set target goals after which they implement the planned strategy (Fuller, 2006). For these to take p lace successfully the small business thus requires a well built growing team that is critical to the ongoing process of the small business, therefore, this paper evaluates the statements that building and growing a well structured team is critical to the ongoing survival of a small business Small business face numerous challenges due to in effective management making the business not to fit in the difficult challenging markets and cope with the growth patterns in the market. These challenges are normally influenced by the following challenges (Wickhalm 2006). Inadequate accounting systems Poor location Lack of marketing skills Lack of a capital budget Inadequate provision for contingencies Lack of management skills Excessive inventory Incompetence