The Power of Many

This report from EY states that teams composed of individuals from different backgrounds tend to have higher earnings before interest, taxes, depreciation and amortization (EBITDA) growth rates. The report is based on a global survey of over 800 respondents from earlier this year.
An overwhelming majority (84%) of respondents think that their organization’s ability to cultivate and manage teams will be crucial for the future competitiveness.
A high-performance team holds these three qualities:
  1. A shared vision: With a clear goal for the team each individual can develop a clear line of sight for their personal short-term duties.
  2. The right mix: The right team is often from different departments, but can also be from around the globe.
  3. Commitment to quality and results: Keep the team aligned behind achieving the highest standards and the best outcome. 

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