Updated on: 01/12/2023 The importance of teams that perform well cannot be underestimated. It is generally accepted that successful businesses have effective teams in place. An effective team is one that is led and managed well. The team is also motivated, well-briefed, and communicates well. In this unit you will learn how successful businesses draw on effective teams. For example, Formula One® motor racing relies on excellent teamwork, which is modelled by many businesses. A team allows its members to use their collective strength and to share ideas, perspectives and experiences. You will learn that nearly all individuals in a business belong to one or more groups or teams that contribute to the overall corporate strategy of the business. You will learn the different roles within a team and the importance of establishing a shared vision when making collaborative decisions. In this unit you will get to work in, and lead, a team. The unit and the team activities will give you the practical tools you need to support and lead a team. It develops key employability skills and will be useful both in the workplace and in your studies.