Group Behaviors and Team Dynamics (Group 2) Group of 2+ people who interact and influence one another , mutually accountable for achieving common goals associated with organizational objectives, and perceive themselves as a social entity within organization. Typically , a team was formed because of a goal to be met. Can also team formed because of the need to collaborate with each other to achieve a common goal . These types of teams are divided into three divisions , namely : Duration
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attempts to develop a composite organisation mind. Even if all are not present at the time of final choice, each has had a definite part and role in the process. Thus organisation may be viewed as an interrelationship of decision centres. ADVANTAGES AND DISADVANTAGES OF GROUP DECISION MAKING There are
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According to the Market-based view a company which wishes to enter a new market has to consider market conditions of the nation. The theory states that the competitive advantage comes from the market itself and the external environment of the firm. The company has to find the market from where it can gain competitive advantage. For deciding on which market to enter, Porter five forces, as a framework for industry analysis can be a great help. This framework is very useful when it comes to business
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and Matale factory. And Bank of Ceylon (BOC) government service sector serving nationally and internationally. Both organizations are trying to achieve their organizational objectives by different management and leadership styles. 02. DIFFERENT APPROACHES TO MANAGEMENT Managers are the people who guide on towards achieve organizational objectives effectively and efficiently. It can be describe as the process of planning, organizing, leading and controlling the efforts of organization members
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the organisation According to Allen Centralisation is systematic and consistent reservation of authority at central points within an organisation. Decentralisation applies to the systematic delegation of authority in an organisation context. Advantages of Decentralisation * Decentralisation reduces the workload of top executives. * It improves job satisfaction and morale of lower level managers by satisfying their needs for independence, participation and status. * Decision making
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FIRST-MOVER ADVANTAGES Marvin B. Lieberman David B. Montgomery’ October 1987 Research Paper No. 969 //~‘L~ 1The authors are, respectively, Assistant Professor of Business Policy, and Robert A. Magowan Professor of Marketing, at the Stanford Business School. We thank Piet Vanden Abeele, Rajiv Lal, Mark Satterthwaite and Birger Wernerfelt for helpfiul discussions on earlier drafts. The Strategic Management Program at Stanford Business School provided financial support. / ~‘N ~ Abstract
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analytical framework Location Advantage WHY? Outside-In approach HOW? Source: Exploring Strategy, 9th edition, Pearson, 2011 Inside-out approach Incentives and basic benefits of internationalisation Incentives Basic Benefits Extend a product’s life cycle Increased market size Gain easier access to raw materials Economies of scale and learning Opportunities to integrate operations on a global scale Location advantages To support strategic orientations
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Subway Franchise The franchise concept has several advantages for both the franchisor and the franchisee. For the franchisor, offering a franchise arrangement means an easy access to capital formation brought about by the investments of franchisees (Om Sai Ram Center for Financial Management Research, 2006). Furthermore, it provides incremental income for the franchisor through royalty payments. Another advantage of the franchise concept is that it makes possible a faster expansion
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Chapter 1 INTRODUCTION Background of the Study Fraternity is an organized society of men associated together in companionship dedicated for a certain goal that will benefit its members (Buttermilch, 2014). Fraternities typically have some professional development and service opportunities. It offers support network for college students. Its core elements are brotherhood and social interaction. But the social demands and time commitments of fraternities may be destruction to academic studies and
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healthcare has their distinct advantages and disadvantages. Each one also offers their own unique brand of healthcare. Being able to establish a clear cut path for the reader to follow is the primary objective of this paper. The secondary objective is to provide desirable and qualitative information to better equip the reader for making an informed decision. To better understand these forms of healthcare this paper will systematically move through each organizational structure examining management style
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