team productionthe organization of PRODUCTION based on a specific group of workers in order to improve efficiency and product quality. See CELL, CELLULAR MANUFACTURING. Appropriate reward structures may be required to encourage commitment to group targets and discourage ‘shirking’. See GROUP INCENTIVE BONUS SCHEME.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
team productionproduction by two or more people working together. Generally teams can produce more when they are working together than when they are working separately. However, whereas a single self-employed person receives the fruits of his effort alone, in a team each team member will receive only a part of the additional earnings generated by his extra effort. This tempts individual team members to shirk, or put in a lower level of effort, and for every team member who shirks the total output of the team will be lower. If shirking by one team member can easily be detected by other team members, then shirking can be minimized, but if it is difficult to detect shirking, then monitoring arrangements may need to be implemented or reward mechanisms devised if shirking is to be avoided. See INCENTIVE PAY SCHEME.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005