How Team Management Helps Businesses to Grow

1. How Team Management Helps Businesses To Grow Business meetings and teamwork are vital for business growth. A business transcription company can help prepare meeting transcripts. MOS Legal Transcription Company 8596 E. 101st Street, Suite H Tulsa, OK 74133

2. Just as an efficient team is a primary requirement in any organization, excellent team management is also vital for business growth. Regular meetings of team members are the perfect occasions to build team spirit and share valuable business insights. Meetings vary from organization to organization and the people involved. Meetings are organized in almost every corporate office and business establishments for delivering new knowledge and information and discuss critical issues. They provide an opportunity to address issues that affect the company operation or productivity and take proper decisions that would propel the growth of the company. The decisions made during the meetings are important for future reference; therefore transcription of business meeting recordings is essential. With the help of a business transcription company, businesses can ensure timely and efficient meetings transcription. Similarly, for efficient functioning of the company they should have proper team management. An unorganized team task can bring about a negative impact on the productivity and progress of the company. So here are some tips to improve team management. • Build ownership inside the team: Ownership refers to being in charge of something and knowing whether it works or not. Key team members must also maintain equanimity both when things go well and when things go poorly. Make sure that your team doesn’t wait for any command. They should be capable of making their own decisions or else nothing will happen. • SWOT analysis: It is a method to study strengths, weaknesses, opportunities and threats. It identifies and analyzes the internal and external factors that can have an impact on the viability of a project, product, place or person. This is a good strategy to build team management and grow your business. • Enhance customer experience: Make sure that your team comes up with new techniques that make the customer’s life easier. • Work around the ideas of the team: People always work for something that is worth enough that makes the world a better place and if you are working for a good cause then other people will also join you. Doing something together as a team helps to yield better results quickly. • Hire people who are smarter than you and let them run: It is important to have a creative environment for employees as it helps them grow. Being creative makes the office space interactive and vibrant. So if you find a person who is smart and creative, then hire him or her to your team. • Rectify your mistakes: People often mistakes and they are scared of it. Acknowledging the mistake and rectifying it is the best way to deal with it. If your team or any of your team members ignores mistakes, it is best to let them go. www.legaltranscriptionservice.com 918-221-7810

3. Everyone should contribute efficiently to the organization but no employee can work alone, he or she has to take the help of their colleagues to accomplish the objectives. It has been observed that the outcomes are far better when employees work as a team rather than individually. In every issue of Franchise Update magazine, CEOs and presidents of different companies are asked the same set of questions. Throughout the year, a question will be selected and these CEOs and Presidents provide answers for those. The following are some of the answers given by these high profiles about team and team management and how it helps their business to be successful. • Tammy Whitworth, Chair and CEO, Window World: Their team keeps the superiors informed about the goals and timelines of their respective departments. This helps to make informed decisions for the company which they rely greatly upon. • Jon Nobis, CEO, Two Men and a Truck: The team has a strategic direction along with a tone for the culture that should be cultivated through their daily interactions with people. He says that when business operations are running smoothly, it significantly helps the leadership team to operate from a position of opportunity. When great minds come together, it is easier to focus on what's next rather than thinking about what happened. • Michael Poates, President and COO, Mr. Gatti's Pizza: It is important to bring life to a company’s vision and strategy with consistent tactical execution to both. Their business team does it in a way that brings passion. When one leader’s passion infects the group, it helps to re-energize execution. As a team when one needs a push, the others of the team are there and that inspires everyone to do their best. • Brian Petranick, CEO and President, RiseMark Brands: Their team is in sync with their strategic direction, their priorities, culture, and values. They implement that messaging throughout the organization and franchise system. • Rob Price, CEO and President, School of Rock: They look for people who have passion and pride in their work. They look for them to solicit and offer direct feedback. A sense of humour is very important. . • Larry Oberly, CEO and President, SpeedPro Imaging Here the team communicates very well. They discuss the challenges and come up with solutions. They work cohesively as a single unit as much as possible, all with the same goals. They are comfortable among themselves and this facilitates frank, open discussion and brainstorming. www.legaltranscriptionservice.com 918-221-7810

4. • Nicole Ossenfort, CEO and President, Liberty Tax Here the team members think differently than their superiors. So they may present different ideas or opinions on business opportunities that help in making good decisions. Having a proper team and excellent team management is essential to achieve your objectives. But it is not an easy task. The above mentioned tips would help to run an efficient team of employees. Regular business meetings will help to know how the team is working and make necessary decisions that will improve the productivity of the team. With the help of a business transcription company, all important decisions taken in the meeting can be transcribed into accurate notes which can be used for further reference. www.legaltranscriptionservice.com 918-221-7810