As a manager, it$$s important to understand the different types of work teams to drive the success of a goal or project in an organization. Different types of teams have different characteristics. We can differentiate some typical teams according to their purpose, duration, and level of member commitment. The different types of teams are:

Work Team $$ are usually permanent, and members must give their complete commitment to the team$$s purpose in order for the team to succeed.

Project Team $$ are assembled to solve a particular problem or complete a specific task. Members can meet once or work together for many years depending on the assignment. They can meet virtually or face$-$to$-$face.

Cross Functional Team$$ are designed to include members from different areas within an organization, such as finance, operations, and sales.

Self$-$managed Team$$ are defined as groups of workers who are given administrative oversight for their task domains.

Virtual Team$$ are composed of members in different geographic locations who use technology to work together and achieve common goals.

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The goal of this exercise is to demonstrate your understanding of different types of teams in an organization.

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Review the examples of different types of teams and select the best answer choice to each question.

At Superior Bank, a team collaborates to assess loan applications, analyze financial data, manage risks, and provide excellent service to clients. What type of team is described in this scenario?

Multiple Choice

Self$-$Management Team

Cross$-$Functional Team

Work Team

Project Team