It is also possible for equity to be negative, which occurs when the value of an asset is less than the value of liabilities on that asset. A companyâs equity may often change, and for a variety of reasons. Causes of change in equity include a shift in the value of assets relative to the value of liabilities, depreciation and share repurchasing.
Vince Lombardi, the legendary football coach, defined teamwork as Individual commitment to a group effort -- that is what makes a team work, a company work, a society work, a civilization work.. There are many definitions of teamwork offered by sports figures, generals and company leaders. All of them agreeing on one thing; teamwork is extremely important for the success of a company. How you describe teamwork is also important, and once it is defined, it can be achieved.
In this article we look at some of the common understandings of teamwork, but we also do something different. We look at the idea that itâs not just your definition of teamwork that counts. Itâs how your team define teamwork that can make all the difference between a definition that works, and one that is irrelevant. Thatâs because when you define teamwork together, itâs more likely to become a shared definition, and one that encourages commitment. With this in mind, the article finishes with a link to our teamwork definition tool, designed to help your team define teamwork.