Building Trust in High-Performing Teams
Completion requirements
This article explores what is required to build trust and the benefits of building trust. Having open communications is critical for building high-performance teams. The authors interviewed managers and asked how trust can be managed and supported. They found that it takes time and conscious actions, including one-on-one meetings and team-building exercises.
Introduction
In a global business, conscious team building is one of the key factors to success. It is better to have a first-rate team with a second-rate plan, than to have a second-rate team with a first-rate plan. Winning teams can overcome obstacles and react faster to changing surroundings. When building high-performing teams, one of the most essential aspects is trust.
In this article, we summarize the insights from the relevant literature and present early findings from a study focusing on enhancing the team building and trust between different parties involved in a business ecosystem. The main question of interest is: "What is the relationship between trust and team performance?"