What is a Cross-Functional Team?
A cross-functional team is a group of people that combine varied functional interests and expertise to achieve a common goal. Cross-functional teams are also known as multidisciplinary, or interdisciplinary, teams and include several fields such as finance, marketing, operations, and human resource departments.
Cross-functional teams benefit businesses through cohesive collaboration and cooperation, enabling experts from different departments to band together and create unifying directives that achieve company goals.
Projects with strong cross-functional collaboration or executive support have a 76% success rate according to a recent Stanford University study. This means that when a systematic approach is taken to governing a cross-functional team, the chances of success skyrocket.