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Why Inequality Is a Good Thing
| The Old: | On true teams, everyone is equal. |
| The New: | On high-performance teams, everyone is not equal. |
| The Challenge: | How to manage inequality in teams. |
Are teams really more than the sum of their parts? The sobering evidence suggests that teams rarely produce synergies, with a string of academic studies finding that individuals clearly outperform teams. How then can teams create value? Theoretically, of course, much like any form of human organization: by reducing the costs of coordinating between individuals and by combining resources or skill sets. Teams do not usually create value by getting the best resources their money can buy but, rather, by combining resources into something of which the value exceeds ...
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