A team is a Group of individuals who have been given limited permission as per their roles and responsibilities to manage the account efficiently.
To create a Team and manage their permissions, follow these steps.
i) Login to your Account and click on the "App Launcher Icon"(The grid of the nine small boxes that are found at the top right corner) followed by "Admin."
ii) Now Click on "Teams" displayed to your left followed by "Create Teams."
iii) Enter your preferred "Team Name" and head to manage the permissions by clicking on "Admin" & "Campaigns."
Admin and Campaign permissions differ from each other, a Team with Admin Permissions would be controlling the account-related Settings such as Adding a Member, Team, Integrations, etc.
Whereas a Team with Campaigns Permissions would be able to View / Manage Email Campaigns.
You can restrict a team to either Access Admin Dashboard or Campaign Console or allow them to access both.
Furthermore, the permission can be set as View (Read Only) / Manage (Edit rights), or Both. Simply check the boxes against each permission type to grant access, once done click on "Add Access" available at the bottom of the page.
iv) To add an existing member to the Team click "Add Member" select the member from the Drop Down list and click on "Add Member" available at the bottom of the page.
v) Lastly, to record the entire setup, don't forget to click on "Create Team" available at the bottom right of the page.