A team is not new to anyone of us. We played in teams in our school, some of us captained our teams and some of us were kept out of the team where we wanted to be a part. So, from our childhood, the idea of team has been engrained within us. We found meaning in it and developed our self identities around it. But then why is there this new clamour of team in organisations? Globalisation and rapid changes in external environments has compelled us to find new ways to remain competitive. Hence, organisations have continued to decentralise and re-engineer their business processes. They also downsize, and empower their employees far more than it ever did. To facilitate these changes and gain a competitive edge, managers are increasingly turning to team structures. Perhaps we have realised that the underlying potential of human spirit which compelled each one of us to sink all our differences and give all our energy to score that one goal or make that last run is what the organisations have failed to tap.