You can be on Entrepreneur’s cover!

What Companies Can Do For Better Team Building Shared vision does not mean giving ESOPs or talking about creating business plans together.

By Aashika Jain

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.

Aashika Jain

Entrepreneur Staff

Former Associate Editor, Entrepreneur India

Journalist in the making since 2006! My fastest fingers have worked for India's business news channel CNBC-TV18, global news wire Thomson Reuters, the digital arm of India’s biggest newspaper The Economic Times and Entrepreneur India as the Digital Head. 
Business News

Side Hustles Are Soaring as Entrepreneurs Start Businesses Working Part- or Full-Time Elsewhere, According to a New Report

The younger the entrepreneur, the more likely they were to start a business as a side hustle.

Business News

Scrabble Makes First Change to Its Board in Over 75 Years

The new roll out is only available in Europe as of now.

Business News

CPI Report: Inflation Rose More Than Expected in March, Driven By Housing and Energy Costs

The average U.S. household is paying $227 more per month for goods compared to one year ago.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Thought Leaders

Many of Your Employees Are Probably Healing From Past Workplace Trauma. Here's How You Can Help Empower Them.

There is no magic way of healing people of their preexisting workplace trauma — but leaders can (and should want to) help.

Growth Strategies

How Emerging Technologies Are Reshaping Businesses

As technology continues to evolve at a rapid pace, embracing its transformative potential has become imperative for businesses striving to remain competitive in an increasingly dynamic global marketplace.