ENTREPRENEURSHIP

Detailed explanation-1: -In the workplace, a self-managed team is a group of employees who work collaboratively to complete a project or reach a defined outcome with little to no direct supervision from a boss. Many employees within your organisation likely practice a degree of self-management.

Detailed explanation-2: -For example in Dr. Reddy’s Laboratories Limited, an Indian multi-national pharmaceutical company implemented Self-Managed Work Teams concepts almost a decade ago. It was the first pharmaceutical company to implement it in the world. These team members have grown to the status of Managers!

Detailed explanation-3: -When implemented correctly, a self-managed team (sometimes referred to as a ‘pod’, ‘bubble’ or ‘autonomous team’) structure can be a game-changer for organisations. In fact, as early as 2017, 93% of companies expressed an interest in enabling some level of self-management amongst their employees.