by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What are the Types of Groups?Groups can be classified based on how they form, their size, function, composition, and authority. Some of the primary classifications are discussed below. What are Formal and Informal Groups?A formal workgroup is generally formed pursuant...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Social Loafing?Social loafing, also known as the Ringelmann Effect, occurs when members of a group do not work as hard simply because they are in the group context rather than working individually. The tendency of social loafing was first identified by Max...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What are the Negative Effects of Group Cohesion?While groups, particularly groups that function as teams, have numerous benefits, there are also certain negative attributes commonly associated with groups. Cohesion is generally a positive group attribute. It can also...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Group Cohesion?Cohesion refers to the amount of camaraderie within a group. In a highly cohesive group, the members have a high degree of connection to the other members. The group shares a collective identity that is accompanied by a moral bond and loyalty to...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Collective Efficacy in groups?Collective efficacy refers to a groups perception that it will interact efficiently and perform well together. Performing well together means a belief in the ability to achieve mutually-agree-upon objectives. Collective efficacy...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Group Structure?Groups are individuals banded together by a formal or informal process. The structure of the group, whether dictated by an authority or organic from member interactions, will have the following structural elements:RulesGroups are restricted by...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is a Group versus a Team?A group is two or more individuals who interact collectively such that their actions impact the others. Organizations generally consist of many groups with specific, collective functions. A group’s performance is a combination of...
by TheBusinessProfessor | Feb 23, 2025 | Banking, Lending, and Credit Industry
Update Table of Contents What is Regulation BB?How Does Regulation BB Work? What is Regulation BB?Regulation BB was created to effectuate portions of the Community Reinvestment Act (CRA). As such, it is a banking regulation that requires covered banks to publicly...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Strategic Cost Management?Strategic Cost Management is an approach focusing on making a business more competitive by reducing costs of operations. More specifically, it integrates cost information into the decision-making structure as a means of reinforcing...
by TheBusinessProfessor | Feb 23, 2025 | Management, Leadership, & Organizational Behavior
What is Activity-Based Management?Activity-Based Management (ABM) is a management approach focusing on managing employee activities efficiently and effectively with the purpose of increasing productivity, profitability, and organizational competitiveness. This...
