Teams are taking on increasing importance because the new world of work is becoming “flatter, looser, wider, faster,” says co-author Derek Newberry, a lecturer at the Wharton School of Business.
Flatter means hierarchies are being reduced in order to create more agile organizations.
Looser refers to the increasing amount of work done on a contract or temporary basis. “Gone are the days when people go to work for GM for 40 years and collect a pension,” he observes. “Especially for millennials, they expect to be with one company for a few years, another for a few years and have a more individualized career development ladder.”
Wider reflects work that is increasingly done remotely from a central office. Newberry said some research indicates that 50% of U.S. managers spend half of their time on the road.
Faster reflects a speed-up in the pace of work, driven in large measure by globalization.