High Performance Teams - fact or fantasy?

High Performance Teams - fact or fantasy?

Article by Andrew Jenkins PDX-Consulting

Do high-performance teams really exist? It seems that very few people I talk to about this topic have ever worked with one. However, those lucky ones that claim to have speak about it with joy. So, are high-performance teams fact or fantasy? Read on to find out more.

Let’s begin with a definition of high-performance teams. This term refers to teams, businesses, or groups that focus on their goals, achieve superior business results and outperform all other similar teams and expectations. 

The Team Trust Review Assessment, developed by Andrew Jenkins in collaboration with CFO.University, is a great step to take for understanding and then strengthening the bonds that tie a team together.

What do the experts say?

Well to kick off, a Global and Development Director (and a friend of mine) prefers to develop functional teams. She defines these in managerial terms such as ability and skills, clear roles, duties and reporting lines, deliver against a clear strategy and have good communication processes.

In this way, she affirms that for 20% effort she gets an 80% return. Whereas to reach for high performance in her business may only be required for less than 20% of teams. So, she then turns to experts (like me for example) to fulfill high-performance team development programmes when needed.

Leadership gurus and authors point us to learn softer skills to a achieve high performance. Patrick Lencioni, for example, holds that teams mature by working through their dysfunctions first.

Richard Barrett, uses a values-driven approach. He argues that teams need to move away from basic fear, survival, and ego-driven needs towards growth values such as to find meaning, make a difference and have a purpose.

Daniel Goleman, coined the phrase Emotional Intelligence as an effective way for teams to learn how to perform at their best.

Bob Chapman, CEO, and author believes that leaders can create workplaces in which everybody connected with that enterprise thrives and that everybody matters.

Carol Dweck, the author of Mindset says, ‘[high performance teams and] growth-minded leaders, start with a belief in human potential and development — both their own and other people’s. Instead of using the company as a vehicle for their greatness, they use it as an engine of growth—for themselves, the employees, and the company as a whole.’

On a practical note, in the past, I have been lucky enough to have lead what I (and others) deemed to be a high-performance team. I still look back on that time with joy. 

These were the success factors that made us into a high-performance team:

No alt text provided for this image

For us, our high-performance team just seemed to happen, and years later, we all have fond memories of that time. However, on reflection, there were some important factors that had an influence. For example: 

  • We had the right mix of people, attitudes, ability, and managerial functions. 
  • Also at the time, we worked for a thriving, stable and well-resourced FTSE 100 company in an economy that flourished.
  • We also believed in each other and growing and developing through the experience of being involved in something important and of purpose.

Furthermore, we had all benefited from first-class in-house soft skills programmes that matured us.

Today, in my development work with leaders, managers, and teams I have noticed that to build a great team is more than functional business processes, KPI’s and metrics. While they are of course vital for business effectiveness, they are not the be-all-and-end-all for high performance. (Note that few of those are present in the above success factors). I believe that great teams transcend these things. Even if individual team members are highly skilled or talented, that does not mean they will make an effective team together. Those are different skills.

So, how do you build high performance teams? What’s the secret?

To make a real difference, you have to work together to create an excellent high-performance team.

I argue that the success factors previously mentioned can be cloned and taught to any functional team.

It’s not about some extrinsic magic formula that you apply from the outside in, however. Nor is it about a team full of the cleverest people. You cannot become a high-performance team that way. It does mean you must have the right purpose, people, skills, input, direction, management processes and environment. Moreover, however, it is about people growth from the inside out. That means personal development around soft skills and emotional intelligence. It also means shedding a fixed mindset and instead encouraging a growth mindset (see my latest book below). However, ability and experience need to exist too (that’s a given). 

The good news is it is possible to learn these types of intrinsic soft skills.

Don’t be mistaken; this is not a namby-pamby or fluffy process, however. Not at all! To develop people and teams from the inside out requires a willingness to mature and grow as individuals and as a team. That takes courage, time and some effort to nurture these.

To become a high-performance team needs dedication and willingness to take time out to develop. Moreover, to get there, you will need to:

  • Commit to growth as a team.
  • Develop a growth mindset as a team and shedding fixed mindset attitudes
  • Being humble and vulnerable with one another - let go of ego
  • Learn how to collaborate, cohere and boost your emotional intelligence
  • Work towards big goals.

The other benefit of high-performance teamwork means that you can then get on and run a successful business. Furthermore, you will not have to waste so much time on countless people issues.

A suggested approach

I have worked with teams at all levels for well over a decade now, and this model depicts how I help develop leaders and managers (or any functional team) to become a high-performance team:

No alt text provided for this image

(Andrew Jenkins, my latest book, Developing High Performance Teams)

First, it begins with the essential teamwork skills to learn how to build trust, harness conflict and to collaborate. When teams develop these skills, they start to contribute together to make an effective impact.

Second, as already mentioned, you will need to grow as individuals and as a team too. Feedback skills to call out each other are powerful change agents. In this way team members let go of potentially limiting behaviours and become accountable to each other. A positive frame of reference, a growth mindset and purposeful language are also crucial for high performance.

Third, agreed on team values, healthy habits, and behaviours create team spirit. A Team Charter, for instance, helps teams to commit to the fundamentals and reminds them how to collaborate effectively. Also, teams that plan together in creative ways to grow, provides purpose and direction to the business and is a critical leadership task. Besides, big goals keep teams motivated.

Read this and more from Andrew Jenkins.


Not a member-scholar yet? Join our financial community here!

Identify your path to CFO success by taking our CFO Readiness Assessment??.

For the most up to date and relevant accounting, finance, treasury and leadership headlines all in one place subscribe to The Balanced Digest.

Follow us on LinkedinFacebookTwitter.

Liam O'Brien

Chief Revenue Officer at VantagePoint

5 年
回复

要查看或添加评论,请登录

Steve Rosvold的更多文章

  • The D2A2* 2025 Insights Report For Chief Financial Officers

    The D2A2* 2025 Insights Report For Chief Financial Officers

    *Digital, Data, Analytics and AI The dynamic circumstances of 2025 are placing all kinds of pressure on business…

    9 条评论
  • CFO Leadership Priorities in 2025 – Part II

    CFO Leadership Priorities in 2025 – Part II

    Last week we kicked off Part I of this two-part series, CFO Leadership in 2025, outlining how the CFOs priorities are…

    3 条评论
  • CFO Leadership Priorities in 2025-Part I

    CFO Leadership Priorities in 2025-Part I

    The role of the CFO is transforming into one who not only manages finances but also drives innovation, mitigates risks,…

    8 条评论
  • A CFO’s Guide to Using AI

    A CFO’s Guide to Using AI

    CFO.University is proud to include in our Contributor corps global leaders advancing AI in finance.

    12 条评论
  • The Best of 2024 from CFO.University

    The Best of 2024 from CFO.University

    Reflecting on 2024 to Shape the Opportunities of 2025 As 2024 draws to a close, we pause to reflect on the moments…

    8 条评论
  • 'Twas the Night Before Insights

    'Twas the Night Before Insights

    'Twas the night before year-end, and all through the firm, Not a spreadsheet was stirring, no sum to confirm. The…

    4 条评论
  • FP&A and the CFO Suite

    FP&A and the CFO Suite

    The role of Financial Planning and Analysis (FP&A) is emerging as a key department for CFOs in their growing role of…

    16 条评论
  • Which Pillar Will Be Most Critical to CFO Success in 2025?

    Which Pillar Will Be Most Critical to CFO Success in 2025?

    As we enter our fourth year of running this poll, the gap between the pillars continues to widen. For the fourth…

    2 条评论
  • Unlocking Analytics-Based EPM with Gary Cokins

    Unlocking Analytics-Based EPM with Gary Cokins

    Gary Cokins, the godfather of Enterprise Performance Management (EPM) and the innovative mind behind Analytics-Based…

    2 条评论
  • The CFO Pricing Pyramid

    The CFO Pricing Pyramid

    Introduction In this episode of CFO Talk, Steve Rosvold sits down with Anne Warren, Owner of Price Profitability…

    7 条评论

社区洞察

其他会员也浏览了