There are several types of teams that can be formed depending on the task assigned, including formal, informal, temporary, task, virtual, and global teams. A team goes through different stages of development over its lifespan, from initially forming to storming, norming, performing work, and eventually adjourning. Some common team conflicts that can arise include a loss of individual identity and achievements, social loafing where some members do not pull their weight, reverse gearing where progress is slowed, and an emphasis on independence over teamwork.