Team Management

What Companies Can Do For Better Team Building

Entrepreneur Staff
Associate Editor, Entrepreneur.com
1 min read

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Premlesh Machama, the Managing Director of India-based job portal Career Builder, told Entrepreneur that teams can last longer by following these three simple steps.

1) Sense of Co-ownership

Companies should make it as a part of their culture that every stakeholder in the business, especially employees who work for them are the co-owners of the business.

2) Creating a Shared Vision

Shared vision does not mean giving ESOPs or talking about creating business plans together. It means involvement, engagement and access to everything within the organization so that employees feel comfortable with the set up, the process, the deliveries, the outcomes and the actions.

3) Have Robust Engagement

There are diverse thought processes within a business. In our current set up of business, all the three generations look at different pieces of business very differently. If all the three generations share a common objective then the gap between the three will be lesser and the engagement will become robust. 

More from Entrepreneur

Kathleen, Founder and CEO of Grayce & Co, a media and marketing consultancy, can help you develop a brand strategy, build marketing campaigns and learn how to balance work and life.
Book Your Session

In as little as seven months, the Entrepreneur Authors program will turn your ideas and expertise into a professionally presented book.
Apply Now

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.