What Companies Can Do For Better Team Building Shared vision does not mean giving ESOPs or talking about creating business plans together.

By Aashika Jain

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Premlesh Machama, the Managing Director of India-based job portal Career Builder, told Entrepreneur that teams can last longer by following these three simple steps.

1) Sense of Co-ownership

Companies should make it as a part of their culture that every stakeholder in the business, especially employees who work for them are the co-owners of the business.

2) Creating a Shared Vision

Shared vision does not mean giving ESOPs or talking about creating business plans together. It means involvement, engagement and access to everything within the organization so that employees feel comfortable with the set up, the process, the deliveries, the outcomes and the actions.

3) Have Robust Engagement

There are diverse thought processes within a business. In our current set up of business, all the three generations look at different pieces of business very differently. If all the three generations share a common objective then the gap between the three will be lesser and the engagement will become robust.

Aashika Jain

Entrepreneur Staff

Former Associate Editor, Entrepreneur India

Journalist in the making since 2006! My fastest fingers have worked for India's business news channel CNBC-TV18, global news wire Thomson Reuters, the digital arm of India’s biggest newspaper The Economic Times and Entrepreneur India as the Digital Head. 
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Branding

Creating a Brand: How To Build a Brand From Scratch

Every business needs good branding to succeed. Discover the basics and key tips to building a successful brand in this detailed guide.

Innovation

It's Time to Rethink Research and Development. Here's What Must Change.

R&D can't live in a lab anymore. Today's leaders fuse science, strategy, sustainability and people to turn discovery into real-world value.

Marketing

How to Better Manage Your Sales Process

Get your priorities in order, and watch sales roll in.

Business News

AI Agents Can Help Businesses Be '10 Times More Productive,' According to a Nvidia VP. Here's What They Are and How Much They Cost.

In a new interview with Entrepreneur, Nvidia's Vice President of AI Software, Kari Briski, explains how AI agents will "transform" the way we work — and sooner than you think.

Starting a Business

Passion-Driven vs. Purpose-Driven Businesses — What's the Difference, and Why Does It Matter?

Passion and purpose are both powerful forces in entrepreneurship, but they are not the same.