Teamwork Effectiveness in the Financial Management Sector Mauritius

Abstract

This paper provides evidence of how team effectiveness affects the Mauritian Financial Management sector’s  performances. Principles, theoretical concepts and factors affecting teamwork effectiveness literatures, were  reviewed. A census was conducted via a detailed survey with employees of one leading Financial Management Company in Mauritius. The study revealed that: 1) at strategic level companies required to enhance their ways  of communication with employees to enhance teamwork effectiveness, 2) at departmental levels team leaders needed to enhance their leadership skills and foster appropriate team balance in a collaborative environment, and 3) training and continuous development was a must to improve individual contribution of employees towards teamwork effectiveness. High performance teams in Financial Management companies will enrich the success of this sector of the Mauritian economy.

Keywords: Team, Teamwork, Effectiveness, Financial, Management, Companies, Strategic, Mauritius.