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.
The following are eight characteristics of effective teams the were identified by Larson and LaFasto in their book titled Teamwork: What Must Go Right/What Can Go Wrong (Sage Publications 1989). 1  The team must have a clear goal. 2  The team must have a results-driven structure. 3  The team must have competent team members. 4  The team must have unified 5  ... T