Using Teams on the Factory Teamwork is a critical skill in modern organizations. Excellent planned and implemented teamwork gives a company a high competitive advantage and creates opportunities to sustain these advantages and keep competitors at arm's length. Not only have companies focused on many different aspects and forms of teamwork in recent years. Many of the most successful companies in their industry rely heavily on teamwork. Especially companies that offer special services to individual customers requiring specific knowledge benefit from using teams to generate value. Goldman Sachs regularly trains its teams to ensure the extraordinary productivity they offer 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]So the key to success is to carefully select people based on their people skills and providing them with exceptional training to meet the requirements of excellent teams. Auditing giant PriceWaterhouse Coopers says it is focusing on teamwork in its code of conduct.[2] But not only financial service providers rely on teamwork to generate competitive advantage. Teamwork is important to businesses in all industries these days. It doesn't matter if you look at the world's most famous fast food chain, McDonalds[3] or the semiconductor manufacturer Intel[4]. These companies promote the role of teamwork on their homepage and on popular platforms like Youtube. Global player Buzztronics will celebrate its 100th anniversary in 2012. Management has taken this opportunity to examine organizational structures and implement some broad changes to ensure Buzztroni.... .. middle of paper ......options quickly and possibly guide their managers on how to delegate work to the teams. To attract top talent from top universities Buzztronics promotes teamwork at career fairs, recruiting events and on its home page. This ensures continued competitive advantages by benefiting from 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; Page 31[6] http://humanresources.about.com/od/involvementteams/a/team_culture.htm