"In any larger business organization, team work is the ultimate key to success": Discuss this statement

Abstract

Today, there are a variety of organizations and they evolve in a very competitive environment. The competition is played in every single field of the business: productivity, number of customers, human resources management, etc. One could argue that only the measurable factors are valuable. However, one should not under estimate the power of intangible resources such as human resources, teamwork, technology, research and brand image. Amongst these factors, teamwork plays one of the most prominent roles in the success of an organization.

Applied to workplaces, teamwork can be defined as a coordinated effort from a group of people acting together towards a specific business purpose.