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.
Navigation of Articles in the series: What the Bible says. Teamwork. Teamwork happens when a group of individual people are brought together to achieve a common purpose or goal. The needs of the group become more important than the needs of the individual. So for team work to work efficiently, each person need to put aside their own individual needs so as to achieve the objective of the group. When the people in the group work with each other this is known as teamwork.