The document defines a team as a group of people working together toward a common goal with shared accountability. Effective teams are characterized by commitment, participation, trust, decision by consensus, flexibility, encouragement, and personal growth. Teams provide advantages to organizations such as opportunities for members to learn from each other, increased communication and flexibility, and greater acceptance of team decisions. However, teams also have disadvantages like some individuals not being suited for teamwork, potential conflicts between members, and decreased individual motivation and flexibility.