The final thesis written for the Human Resource Management Course explores the management of teamwork. The paper describes the difference between a team and a group, as well as other concepts related to the topic of the paper. The purpose of this paper is to show the management of teamwork. Characteristics of managers and leaders in successful, long-term companies are optimal selection of team members, elimination of stressors of team members, self-control, selfinstincts and ego, perseverance, focus, endurance, ability to self-motivate and motivate others, sincere care for team members and use of techniques and theories of manipulation in a positive context (where the goal is to get the most out of each person, the most out of each team member to make the overall result as good as possible). Conflicts in a team can be functional if the manager knows how to manage them. In the long run, the best way to resolve conflicts is through compromise and cooperation. Although management itself has a positive connotation, a great team will not achieve results if they are managed by a bad manager, so the other side of management will be considered in the paper, as well. The paper will also try to answer the questions: how to lead a team of excellent individuals, whether teams of people with similar characteristics are more effective or not. Ultimately, the teamwork itself and the results that are consequently achieved affect the reputation of the company and can be a great competitive advantage, which is why managing teamwork is crucial for the company.