In a video, The New Leadership Paradigm: An Interview with Richard Barrett, Richard Barrett explains that the essential ingredient of a high-performance team is trust. What is trust? The graphic below provides a breakdown of what creates trust. Before trust exists, certain other dependencies must also be present. The principal components of trust (the dependencies) are shown in the following diagram:
Being a high-performance team provides a competitive advantage. High-performance teams eliminate unnecessary or unproductive work that does not add value; enabling focus on necessary and productive work.