Using Teams in the FactoryTeamwork is an essential skill in modern organizations. Excellent teamwork planned and implemented gives a company a high competitive advantage and creates opportunities to maintain these advantages and keep competitors at bay. It is not only in recent years that companies have focused on many different aspects and forms of teamwork. Many of the most successful companies in their industries rely heavily on teamwork. Companies that offer special services to individual customers requiring specific knowledge particularly benefit from using teams to generate value. Goldman Sachs regularly trains its teams to ensure the extraordinary productivity they deliver to their clients. “Despite this investment in the individual, our experience is that a person's true potential is only fully developed when working as part of an exceptional team. »[1] The key to success therefore lies in the careful selection of people based on their personal skills. and providing them with exceptional training to meet the demands of excellent teams. Auditing giant PriceWaterhouse Coopers says it focuses on teamwork in its code of conduct.[2] But financial services providers aren't the only ones that rely on teamwork to generate competitive advantage. Nowadays, teamwork is important for businesses across all industries. Whether it is the world's most famous fast food chain McDonalds[3] or the semiconductor producer Intel[4]. These companies promote the role of teamwork on their homepage and on famous platforms like Youtube. Global player Buzztronics will celebrate its 100th anniversary in 2012. Management used this opportunity to review organizational structures and implemented significant changes to ensure that Buzztroni... ... middle of paper .... .. operations quickly and eventually guides their managers on how to delegate work to teams. To attract top talent from top universities, Buzztronics promotes teamwork at career fairs, recruiting events and on its homepage. . This ensures continued competitive advantages through excellent teamwork and prepares Buzztronics for the next century. Works Cited[1] http://www2.goldmansachs.com/our_firm/investor_relations/financial_reports/annual_reports/2002/teamwork/[2] http: //www.pwc.com/en_GX/gx/ethics-business-conduct/ pdf/Global_Code_of_conduct_2011.pdf[3] http://www.mcdonalds.com/us/en/careers/working_here.html[4] http: //www.youtube.com/watch?v=OPLWE1XUTuA[5] Ratliff, Richard L; Beckstead, Stephen M; Hanks, Steven H; Quality progress; June 1999; P. 31[6] http://humanresources.about.com/od/involvementteams/a/team_culture.htm