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Using a Team- Based Approach to Increase Productivity and Reduce Costs

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Using a Team- based Approach to Increase Productivity and Reduce Costs.

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Abstract

The topic for this study was a team-based approach to increasing productivity and reduce costs. Fresnillo Plc, a silver mining company, incorporated in Mexico was used as the case study, Palaveev (2013). The primary goal was to increase silver mining rate by not less than 2 % by the year 2018, such a project requires the company to encompass team-based approach. All stakeholders received necessary training and participated in brainstorming. Throughout the study, it has been found that team approach is one of the best strategies to adopt to enhance successful completion of such projects, Rhoad (2008). However, an organization will be faced with resistance to change as some of the stakeholders fear venturing into the unknown. An organization that has adopted team based approach accrues enormous benefits such as increased productivity, high motivation, reduced costs, flexibility and greater innovation. Moreover, they can complete the project within the set time frame, Brown & Hyer (2010).

Table of Contents

Title Page…………………………………………………………………………………1

Abstract…………………………………………………………………………………..2

1.0 Background of the Study………………………………………………………….….4

1.1 Problem Statement……………………………………………………………………5

1.2 Purpose of the Study………………………………………………………………….5

1.3 Objectives of the Study…………………………………………………………….....5

1.4 Research Questions…………………………………………………………………...6

2.0 Literature review……………………………………………………………………...6

3.0 Research Methodology……………………………………………………………….6

4.0 Results………………………………………………………………………………...7

5.0 Findings………………………………………………………………………………7

6.0 Conclusion……………………….…………………………………………………....8…...

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