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From an article by Atlassian, January 22,2002 in Teamwork, by 

https://www.atlassian.com/blog/teamwork/the-importance-of-teamwork#:~:text=Research%20shows%20that%20collaborative%20problem,job%20satisfaction%2C%20and%20reduces%20stress.

Atlassian

Software company

The importance of teamwork (as proven by science)

PUBLISHED JANUARY 25, 2022 IN TEAMWORK

Healthy teams enjoy benefits that go far beyond the company’s bottom line.  TRACY MIDDLETON, Contributing Writer

5-SECOND SUMMARY

• Research shows that collaborative problem solving leads to better outcomes.
• People are more likely to take calculated risks that lead to innovation if they have the support of a team behind them.
• Working in a team encourages personal growth, increases job satisfaction, and reduces stress.

• Anyone who thought the rise of remote and hybrid work would would be the downfall of teamwork has probably changed their tune by now. The truth is, teamwork is more important than ever.
• “The use of teams and collaboration expectations have been consistently rising,” says  Scott Tannenbaum, a researcher and president of the Group for Organizational Effectiveness. “And when I say teams, I’m talking about all types of teams, whether it’s stable work teams [or] whether it’s teams that now, in the current environment, are operating virtually.”
• Teamwork is essential to a company’s success, says John J. Murphy, author of Pulling Together: 10 Rules for High-Performance Teamwork.“Each individual has unique gifts, and talents and skills. When we bring them to the table and share them for a common purpose, it can give companies a real competitive advantage.”
• But here’s the real magic of teamwork: when done right, it has benefits that go far beyond boosting the company’s bottom line. (Learn about some classic models that can lead to stronger teamwork here.)

10 benefits of teamwork

1. Better problem solving

Albert Einstein gets all the credit for discovering the theory of relativity, but the truth is that he relied on conversations with friends and colleagues to refine his concept. And that’s almost always the case.

Science reinforces the idea that many brains are better than one. “We found that groups of size three, four, and five outperformed the best individuals,” says Dr. Patrick Laughlin a researcher at the University of Illinois at Urbana-Champaign.

2. Increased potential for innovation

According to Frans Johansson, author of The Medici Effect, some of the most innovative ideas happen at “the intersection” – the place where ideas from different industries and cultures collide.

3. Happier team members

As part of our ongoing research on teamwork, we surveyed more than 1,000 team members across a range of industries and found that when honest feedback, mutual respect, and personal openness were encouraged, team members were 80 percent more likely to report higher emotional well-being.

7. Boosted productivity

Getting a pat on the back from the boss can boost an employee’s motivation, but receiving kudos from a team member may be even more effective.

9. Fewer mistakes

If your team has good energy – you encourage and inspire each other, and you have fun together – you’ll feel less stressed, says Murphy. “Studies show that stress makes us stupid, and leads us to make more mistakes,” says Murphy.