Group decision making is a process where a group of people assemble to analyze problems or tasks, introduce and evaluate alternatives and eventually reach a solution. The chosen solution is no longer attributable to an individual but to the group. Considering group decision making progress, the outcome should benefit the group, not the members. Famous idiom says, “Time is of the essence.” In our days, businesses and organizations are not only obliged to produce high quality of products and services
Introduction Over the last several decades, organizational culture has been a buzzword and one of the most influential concepts in both academic and popular management literatures. Studies have indicated that a corporate culture can be a source of competitive advantage, and as a prime factor in determining the outcome of a large-scale change effort. In the following paragraphs, this paper will discuss why culture is explored as a key factor for strategic change and the sustainability of company’s
achieved through a lot of entrepreneurial start-up firms. Role of Innovation and its link to the firm performance being the given topic, this report discuss the innovation and their role on firm’s performance by studying the product, process, marketing and organizational innovation and also focussing on the several aspects of firm performance such as innovative performance, production performance, market
Organizational Behavior Currently, maintenance of interpersonal skills in organizations helps to attract and retain a high-performing workforce. Regardless of the prevailing market and labor conditions, any employer is always in need of high-performing employees. Strategic leadership through consideration of both personal and cultural factors reduces work stress as well as rates of employee turnover. It also results in the formation of a socialization program that teaches organizational cultures
Definition Team is a type of group, consisting of work group, consisting of two or more individuals, responsible for achieving a goals or objectives. According to Clutterbuck, “team” is a small number of people with complementary skills who are committed to a common purpose, performing goals, and approach, for which they hold themselves mutually accountable. Another definition given by Katzenbach and Smith on team that “An effective team also consists of a small number of people with complementary
teams in the modern organization: Self-managed teams, problem solving teams, cross functional teams, and virtual teams. Self-managed teams typically consist of ten to fifteen members and they themselves are directly responsible for the output and performance of the team. They may even select their own members based on how they fit into a particular team. Problem solving teams are traditionally formed to tackle pressing issues in the organization. They meet for a few hours every week to discuss and brainstorm
Organizational Structure Bank of America is an American financial services corporation and is the second largest bank holding organization by assets, in the United States. The headquarter of the financial organization is situated in Charlotte, North Carolina. The bank has approximately 5,700 retail banking offices and 17,250 ATMs in the United States. The online banking system of the bank has more than 30 million active users. In this particular article, we will discuss about the Bank of America
Team is a group of people with differentiated skills, who are linked in a common, collective goal and team work is the process of working within these teams. For the success of organization and individuals, teamwork is requisite and the team need to have certain interpersonal knowledge, skill and abilities. This helps in clear communication. A team will have collective idea of all its members and thus performance also will be high compared to the works done individually. There are basically two types
Training and development process is one of the key elements for the organization sustain or survive in the competitive environment. Aswathappa, (2000) states that The term ‘training’ indicates the process involved in improving the aptitudes, skills and abilities of the employees to perform specific jobs. Training helps in updating old talents and developing new ones. Successful
In this chapter, first projects and maturity models will review, their definitions, source of maturity models, project success, introduce and investigate famous maturity models. In second part the literature of new product development process and well known and popular models will be introduced. Regarding the issue, at the end of this chapter answers for research questions can be obtained after investigating two areas: • A list of important and affecting factors to achieve organization maturity would