Addressing Challenges

Addressing Challenges of Groups and Teams
Ashanti M. Jai
April 12, 2010
Bonnie Mason
Distinguishing the difference between work groups and teams could be somewhat difficult, while it is important to understand that teams are forms of work groups but not all work groups are teams. While groups can be effective today, teams are increasingly becoming the primary means for organizing work within many modern-day organizations. Understanding the challenges and benefits of teams and groups is important as it aids in resolving potential issues surrounding team collaboration, communication, and conflicts. In efforts to help one gain a better understanding this paper will clearly explain the differences between a group and a team, while discussing challenges and benefits associated with group and team atmospheres. This paper will also describe how an organization such as Wells Fargo can benefit from team and group settings.
The Organization Overview
  In 1852 Henry Wells and William Fargo founded Wells Fargo & Co. to serve the west. Wells Fargo overall vision and values are to remain committed to understanding sales and service for every customer, remaining focused on its diversified business model, relationship strategy, and belief in people as a competitive advantage. Wells Fargo also focused a lot on consistency and sustainable revenue growth (Wells Fargo History, 2006). In order for Wells Fargo to accomplish its vision and values, it starts with the team. In order for a team to be successful in accomplishing goals and continuing legacies, a plan must be implemented.
Groups and Teams
  Today Wells Fargo is one the nation’s top banks and has over 275,000 diverse team members working across diverse business lines and geographies. Wells Fargo is comprised of team members and groups who are diverse in age, education, ethnic origin, lifestyle, ability, race, religion, and sexual orientation (Diversity at Wells Fargo Today,...