A team is necessary for managing a business. But it is a high-performing team that can lead to the success of the organisation—and help sustain that feat.
The reality is that building a great team is easier said than done. It’s usually tricky because people are different. As such, communication among people can be tough. Conflicts can make it hard for team members to trust each other. And changes can complicate matters.
So, how can we ensure a high-performing team?
The organisation must have good leaders, first and foremost.
Building a great team requires leaders to understand what motivates people. Then, they need to use that knowledge to encourage collaboration. These leaders must have discipline and be a model of integrity, transparency, and respect at all levels.
Ultimately, leaders set up the foundation for a high-performing team.
But when building such a team, we also have to consider several factors. These include establishing clear communication, collaborative goal-setting, conflict resolution, and understanding each other’s strengths, among others.
In this article, we’ll dive into the details of how you can develop high performers in your business. Discover the key areas to focus on and why they matter in building a high performance team.
5 Ways to Build a High-Performance Team
Way #1. Set Objectives
All kinds of organisations must have their visions for the future. Focusing on a similar goal can give team members an idea of what the organisation requires of them. As such, they’ll know how they can contribute to the achievement of that goal.
Ultimately, working towards shared goals are among the best ways to ensure the development of a high-performing team.
How?
Contributing towards these goals gives them a sense of belongingness within the team. This, in turn, establishes their commitment and affinity towards the organisation. Not to mention it allows the team members to develop camaraderie that’ll allow them to work together harmoniously.
Way #2. Prioritise Open Communication
As you know, no man is an island. We have to interact with other people if we want to achieve success in the business world.
This also applies to high-performing teams. Communication is necessary for the entire team’s effectiveness.
Leaders can ensure that productivity and profitability in the workplace reach new heights. Meanwhile, the team can foster camaraderie among each other, making it easier for everyone to work together.
More robust communication amongst high performers in the organisation also means having a variety of opinions. This can lead to different ways of tackling various team concerns. It can even lead to the discovery of unorthodox ideas that result in the most optimal outcomes.
All this then leads to better outcomes for the business.
Way #3. Ensure Conflict Resolution
Varying opinions amongst team members can be both good and bad.
To start with, they can help the team generate ideas. A team member may come up with an idea that’s unfamiliar to the rest but can lead to the quickest results they’re after, for instance.
But at the same time, diverse opinions may also hamper an organisation’s growth. This is because with clashing ideas, there will inevitably be conflicts or disagreements among the members of any team.
This is where team leaders must step in. They need to be able to address team conflicts so that the entire team can take the necessary actions to move forward.
It’s true that utilising the contradictory opinions of members may keep them at the top of their game. But leaders must also recognise that high-performers are highly competitive, which means team conflicts are inevitable.
As such, processes for conflict resolution in high-performing teams must be established urgently. This is to prevent altercations from escalating and causing damage not just to the team but also to the business.
Way #4. Assess the Present and Future Dynamics
It is vital to understand your team’s current capabilities to prepare them and your business for the future. This is because in the business space, organizations must constantly adjust to their environment to keep up with the trends and stay competitive.
By assessing your team’s current capabilities, you can look into and identify what changes you need to implement to make them and your business future-proof. This may involve upskilling the team, for instance. It may also include increasing the workforce or purchasing new equipment.
Way #5. Recognise Members and Build Trust
When team members are productive, and even exceed the standards and expectations set by the organisation, they should be given recognition.
Acknowledging their efforts gives them a sense of belonging to the team. And it also makes them feel validated—that they are instrumental in achieving the shared goals of the group. Not to mention it can motivate them to perform even better.
At the same time, managers should be honest if any team member has shortcomings. Doing so allows them to make adjustments so they can get satisfactory outcomes, which is something that’s vital to high performers. They can also provide assistance to improve that team member’s performance, such as by offering them skills training.
This kind of open feedback allows team members to build their trust in their leaders and in each other. And trust is a core component of any high-performing team, not to mention any successful organisation.
Start Reaping the Benefits of a High-Performing Team
Ultimately, developing a high-performing team simply requires building on the foundations of your team. Think of the process like fine-tuning an engine until it runs like a well-oiled machine.
Investing both your time and resources on establishing such a team for your business will outweigh the costs. After all, having a team of high performers means increased efficiency, productivity, and innovation to your business.
And that’s just for starters.
Now, if you’re looking to expand your team and need the financial resources to do so, Unsecured Finance Australia is here to help. Apply online and you can receive your approval within 24 hours.
Find out more by taking a look at our unsecured business loans.
