15 Tips: How to Build and Manage a Great Team
Read the latest research and insights on managing team dynamics, from Stanford GSB faculty, alumni, and guest speakers:
On building or forming your team:
“You should have a higher calling, a triple bottom line. Build your team around things that transcend making money.”
–Kenneth “Hap” Klopp (MBA ’66) stanford.io/1tSKyTh
Understand that “each personality on a small team can make a huge difference in swaying the dynamic of the entire team.”
–Caroline Hu Flexer (MBA ’01) stanford.io/1tS2L7b
Build a team with complementary skills, the same value system, and compatible personalities.
–Marcelo Manjon (MSx ‘13) stanford.io/1CcAolk
Build a team of people who you look up to and who are better than you at their functions.
–Lecturer Rob Siegel (MBA ‘94) stanford.io/1Gq05Eg
Beware of ill-defined or overlapping roles within your cofounding team.
–Alan Chiu (MSx ‘11) stanford.io/1wIwMXM
“Formalizing the team’s vision, roles, norms, work processes, and strategies can help keep a team on track.”
–Professor Lindred Greer stanford.io/1uHSHP5
Organize retreats and team-building exercises to encourage trust, communication, and interdependence among coworkers.
–Professor Daniel McFarland stanford.io/1nYgySK
What makes a team great? Trust and purpose: Faith in your colleagues and alignment behind a common goal and organization.
–General Stanley McChrystal stanford.io/1vJv7vO
On leading and managing your team:
"Leaders must embody the spirit they want the team to adopt. People pick up on phoniness. They trust authenticity.”
–Professor Joel Peterson stanford.io/1wGLUER
Stimulate innovation at work by giving all team members an equal shot at pitching new ideas
–Professor Baba Shiv stanford.io/1tXU8nY
If a manager detects a conflict in a team, he or she should identify what is being discussed, who is involved and why.
–Professor Lindred Greer stanford.io/1pcnimc
Be willing to rotate expertise and team roles at work so that people can engage in fresh experiences.
–Professor Daniel McFarland stanford.io/1nYgySK
Leaders, recognize when your team members are facing a power struggle and help them resolve it quickly and respectfully
–Professor Lindred Greer stanford.io/1sVoYfY
“When team members succeed, the best leaders step aside and allow them to take credit.”
–Professor Joel Peterson stanford.io/1CmZ0W6
Delegating can make your team more innovative.
–Professor Nicholas Bloom stanford.io/1m43e3H
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