Fostering motivation in teams
Morningstar is using the challenges faced during 2020, the year of the pandemic, to intensify global cooperation. An internal survey had shown that remote working models have affected cooperation and motivation. The firm will therefore focus on improving interpersonal relationships and team cohesion, among other things, over the next year.
Team development makes motivational drivers tangible
Team development starts with the team’s leadership itself. Morningstar’s head of Central Europe has organized the firm’s Central Leadership Offsite 2021 event around the question of “What inspires you to wake up in the morning and go to work?” The plan is to make it possible for each leader to identify their own motivations and what it takes to work together as a team so that effective solutions can then be developed for the firm’s teams in individual countries. He has therefore commissioned ID37 Master Andrea Sternberg, a consultant with global experience, to help the firm make its way through this process.
This involves 12 managers using the ID37 personality assessment to determine their motivation profile, becoming more aware of the things that drive their behavior and emotions, and learning first-hand how the way in which they communicate and interact with others affects the team dynamic.
Apply insights to communication strategies and team cohesion
To facilitate a deeper sense of mutual understanding among the workshop participants, the profiles of all those present will be disclosed. With the help of the ID37 team analysis tool, the managers can identify their differences and commonalities in terms of their motivational structure. Determining the deltas and areas of overlap forms the basis of successful cooperation and creates a framework by which those involved can openly address individual needs and potential problems. In a next step (transfer), the team then – bearing in mind the influence of their individual personalities and the increasing relevance of mobile work environments – develops a plan for improving communication in day-to-day management and strengthening mutual respect. Mindful communication and personalized leadership grow increasingly more important here. The Leadership Team gains a deeper understanding of its function as a role model which, combined with its awareness of the motivational drivers at work, has the tools it needs to ensure strong team performance.
Working with motives yields an impact
With the help of the ID37 team development tool, Morningstar’s leadership team has taken a close look at motivational profiles and how they affect behavior and emotions. And their efforts are working! Team development is a successful means of strengthening the trust and workplace culture needed for successful cooperation given the new conditions at Morningstar as it shifts toward hybrid and remote work models.