The document discusses group dynamics and defines groups and teams. It notes that a group consists of two or more individuals interacting to achieve a goal, while a team intensely works together on a specific common goal. The document outlines different types of groups in organizations, including formal, informal, cross-functional, and virtual teams. It also discusses factors that influence group cohesiveness such as size, diversity, identity, and success. Finally, the document covers stages of group development and ways to manage groups for high performance, including reducing the tendency towards social loafing.
By the end of todays session student will able to;
Define and Differentiate group & team
Explain roll of team member
Discuss on the advantages of working in teams
Discuss the characteristics of effective team player and team
Explain the stages in team development life cycle
Evaluate and analyze managerial action
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
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Memorandum Of Association Constitution of Company.pptseri bangash
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A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
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Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
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Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
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As an Army veteran dedicated to lifelong learning, I bring a disciplined, strategic mindset to my pursuits. I am constantly expanding my knowledge to innovate and lead effectively. My journey is driven by a commitment to excellence, and to make a meaningful impact in the world.
Remote sensing and monitoring are changing the mining industry for the better. These are providing innovative solutions to long-standing challenges. Those related to exploration, extraction, and overall environmental management by mining technology companies Odisha. These technologies make use of satellite imaging, aerial photography and sensors to collect data that might be inaccessible or from hazardous locations. With the use of this technology, mining operations are becoming increasingly efficient. Let us gain more insight into the key aspects associated with remote sensing and monitoring when it comes to mining.
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Taurus Zodiac Sign_ Personality Traits and Sign Dates.pptxmy Pandit
Explore the world of the Taurus zodiac sign. Learn about their stability, determination, and appreciation for beauty. Discover how Taureans' grounded nature and hardworking mindset define their unique personality.
2. What is a group?
• Two or more individuals interacting who
have come together to achieve a
particular goal.
• Two or more interacting individuals with
a stable pattern of relationship between
them who perceive themselves as a
group.
3. Group
– Two or more people
who interact with each
other to accomplish
certain goals or meet
certain needs.
15-3
4. Team
– A group whose members work intensely with each
other to achieve a specific, common goal or
objective.
– All teams are groups but not all groups are teams.
• Teams often are difficult to form.
• It takes time for members to learn how to work
together.
15-4
5. Two characteristics distinguish
teams from groups
– Intensity with which team members
work together
– Presence of a specific, overriding team
goal or objective
15-5
6. Reasons for joining groups
1. security: group reduces
insecurity and standing alone
syndrome.
7. 2. Status : recognition and
status same as that of group
12. Groups’ and Teams’ Contributions to
Organizational Effectiveness
Figure 15.1
15-12
13. The Types of Group in
Organizations
Figure 15.2
15-13
14. The Types of Groups and
Teams
Formal Group
– A group that managers
establish to achieve
organization goals.
15-14
15. Formal Groups
Cross-functional teams
– composed of members from different
departments
Cross-cultural teams
– composed of members from different
cultures or countries
15-15
16. The Types of Groups and
Teams
Informal Group
– A group that managers or
nonmanagerial employees form to help
achieve their own goals or to meet
their own needs.
15-16
17. The Types of Groups and
Teams
Type of Team
Top-management A group composed of the CEO, the president,
team and the heads of the most important
departments
Research and A team whose members have the expertise
development team and experience needed to develop new
products
Command groups A group composed of subordinates who
report to the same supervisor, also called a
department or unit,
Task forces A committee of managers or nonmanagerial
employees from various departments or
divisions who meet to solve a specific,
mutual problem; also called an “ad hoc”
committee
15-17
18. The Types of Groups and
Teams
Type of Team
Self-managed work A group of employees who supervise their
team own activities and monitor the quality of the
goods and services they provide.
Virtual team A team whose members rarely or never meet
face to face and interact by using various
forms of information technology such as
email, computer networks, telephone, fax and
video conferences.
Friendship group An informal group composed of employees
who enjoy each other’s company and
socialize with each other.
Interest group An informal group composed of employees
seeking to achieve a common goal related to
their membership in an organization.
15-18
19. Virtual Teams
A team whose members rarely meet face-to-
face
Interact by using various forms of information
technology
Email, computer
networks, telephone, fax, and
videoconferences
15-19
20. Friendship Groups
An informal group composed of employees who
enjoy one another’s company and
socialize with
one another
15-20
21. Interest Groups
An informal group of employees seeking to
achieve a common goal related to their
membership in an organization
15-21
22. Group Size
Advantage of small groups
– Interact more with each other and
easier to coordinate their efforts
– More motivated, satisfied, and
committed
– Easier to share information
– Better able to see the importance of
their personal contributions
15-22
23. Group Size
Advantages of large groups
– More resources at their disposal to
achieve group goals
– Enables managers to obtain division of
labor advantages
15-23
24. Group Size
Disadvantages of large groups
– Problem of communication and
coordination
– Lower level of motivation
– Members might not think their efforts
are really needed
15-24
31. Stages of Group Development
Forming
– Group members get to know each other and reach
common goals.
Storming
– Group members disagree on direction and
leadership. Managers need to be sure the conflict
stays focused.
Norming
– Close ties and consensus begin to develop between
group members.
15-31
32. Stages of Group Development
Performing
– The group begins to do its real work.
Adjourning
– Only for task forces that are temporary.
– Note that these steps take time!
15-32
33. Group Norms
Group Norms
– Shared guidelines or rules for behavior
that most group members follow
– Managers should encourage members
to develop norms that contribute to
group performance and the attainment
of group goals
15-33
34. Group Cohesiveness
The degree to which members are attracted
to their group
Three major consequences
– Level of participation
– Level of conformity to group norms
– Emphasis on group goal accomplishment
15-34
36. Factors Leading to Group
Cohesiveness
Factor
Group Size Smaller groups allow for high cohesiveness;
Low cohesiveness groups with many
members can benefit from splitting into two
groups.
Managed Diversity Diverse groups often come up with better
solutions.
Group Identity Encouraging a group to adopt a unique
identity and engage in competition with
others can increase cohesiveness.
Success Cohesiveness increases with success;
finding ways for a group to have some small
successes increases cohesiveness.
15-36
37. Social loafing
– The human tendency to put forth less effort in a
group than individually.
– Results in possibly lower group performance and
failure to
attain group
goals
15-37
38. Managing Groups and Teams
for High Performance
Reducing social loafing:
– Make individual efforts identifiable and
accountable.
– Emphasize the valuable contributions
of individual members.
– Keep group size at an appropriate
level.
15-38
39. Three Ways to Reduce Social
Loafing
Figure 15.7
15-39