Cohesive leadership[ edit ] In any functional team, cohesion amongst team leaders and decision makers is vital.
Generally, higher levels of responsibility exist, such as a board of directors and those who own the company shareholdersbut they focus on managing the senior or executive management instead of on the day-to-day activities of the business.
However, there is no clear definition to what the top management team of an organization is. The way TMTs are put together and work together as a team can greatly differ from other teams. This is mainly based on the fact that top managers have succeeded as individuals which often leads to a focus on functional team objectives rather than to working interdependently on a shared goal.
TMTs consist of top managers from different functional areas of the firm, so they usually have different areas of expertise.
Diversity and heterogeneity in teams can have a positive effect on teamwork. Nevertheless, there are also negative effects which have to be overcome as a team like not valuing different opinions and perspectives. A CEO that models valuing behavior and ensures the team has both a clear purpose and clear objectives can do just that.
This also reduces social categorization effects because it leads to team members focusing more on their shared goals than on their differences. The exchange of information during the working process is as important for TMTs as it is for all other kinds of teams.
In order to work effectively, the team needs to understand how to communicate, share information, set goals, give feedback, manage conflict, engage in joint planning and task coordination and solve problems collaboratively. The CEO plays a key role in enabling the team to do so. He or she must take on the responsibility to coach the team and to reflect on their work.
Collectivistic orientation means that the CEO subordinates his or her personal to the group interests and goals, emphasizes sharing and cooperation within the team and enhances task-relevant processes of team work like gathering, processing and interpreting strategic information.
This in turn enhances a process called behavioral integration which was developed by Hambrick Hambrick divided this concept into three parts: TMTs can face multiple difficulties which mainly derive from their individualistic views and strong opinions. It is therefore of great importance that the team works through these conflicts, creating a climate of safetykeeping their vision and mission in mind and build an appropriate work environment for themselves and the organization.
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Team management is the ability of an individual or an organization to administer and coordinate a group of individuals to perform a task.
Team management involves teamwork, communication, objective setting and performance appraisals. Moreover, team management is the capability to identify problems and resolve conflicts within a team.
The administration of a group of people assembled to work on a particular project or to perform a particular function within an organization.
Team management typically involves setting team priorities and performance objectives, reviewing performance and methods employed, and spearheading the team's decision making process.