Copyright © Glencoe/McGraw-Hill Slide 1 of 12 BUSINESS MANAGEMENT Real-World Applications & Connections GLENCOE Section 14.2 Managing Formal Groups Company.

Copyright © Glencoe/McGraw-Hill Slide 1 of 12

BUSINESS MANAGEMENTReal-World Applications & Connections

GLENCOE

SectionSection 14.2Managing Formal Groups

Company 3-Minute Perfect Presentations…

Competitive Analysis

Analysts Opinions

Your Choice From Chapter 14



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Slide #10 - Ownership•Major Holders •Insider Transactions •Insider RosterSlide #11 - Financials•Income Statement •Balance Sheet •Cash Flow

Slide #12 –

Why To Invest? Or

Why Not Invest?



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ORGANIZATION:ORGANIZATION: Excellent: ___ Very Good: ___ Good: ___ Fair: ___ Poor: ___(Order, provides an understanding, logical, precedes coherently, flow baby…)Comments: PRESENTATION:PRESENTATION: Excellent: ___ Very Good: ___ Good: ___ Fair: ___ Poor: ___(Poise, body language, eye contact, projection, appearance, movement, tone, expression, etc…)Comments: SLIDES:SLIDES: Excellent: ___ Very Good: ___ Good: ___ Fair: ___ Poor: ___(Visually attractive, use of appropriate text, images, sight, sound, smells, touch, senses!)Comments: CONTENT: CONTENT: Excellent: ___ Very Good: ___ Good: ___ Fair: ___ Poor: ___(Appropriate information, clear objectives, adequate data, analysis & summaries, previous accounting knowledge utilized, where all 12 areas covered) Comments:



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CREATIVITY:CREATIVITY: Excellent: ___ Very Good: ___ Good: ___ Fair: ___ Poor: ___(Unique approach to enhance the presentation, audience involvement, style, questions) Comments: TIMING: TIMING: Excellent: ___ Very Good: ___ Good: ___ Fair: ___ Poor: ___(Time management during presentation, Less or more than10 to 15 minutes?) Comments: OVERALL:OVERALL: Excellent: ___ Very Good: ___ Good: ___ Fair: ___ Poor: ___(Really, how much effort was placed into this presentation?)Comments: TOTALS:TOTALS: Excellent: ___ Very Good: ___ Good: ___ Fair: ___ Poor: ___ = 7Excellent: ___ Very Good: ___ Good: ___ Fair: ___ Poor: ___ = 7(Total each rating option with a score from 0 to 7)(Total each rating option with a score from 0 to 7)



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Company 3-Minute Perfect Presentations…

#1 - Danielle

#2 - Richard

#3 - Brian

#4 - Liany

#5 - Giselle

#6 - Anthony M

#7 - Chris

#8 - Jay

#9 - Ross

Joe - #10Jenn - #11Dan - #12Amanda - #13Michael - #14Omar - #15Tony - #16John F - #17John H - #18Chase - #19Michelle - #20



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In this section: Formal work groups play an important part in helping an organization meet its goals. This section discusses:

• The Importance of Formal Work Groups• Groups and Leaders



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What You’ll Learn

• The importance of formal work groups.• How managers can influence group cohesiveness and conformity.• Methods of encouraging teamwork in formal groups.• The characteristics of successful group leaders.



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Why It’s Important

Formal work groups are an important way of organizing work, and managers must help them succeed.



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Key Terms

• linking-pin concept

• team building

• idiosyncrasy credit

• quality circle



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The Importance of Formal Work Groups

• Influencing Work Groups• Building Effective Work Groups• Quality Circles

Managing work groups is one of management’s most important tasks.



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Building Effective Work Groups

• create a group• build trust within that group• influence group cohesiveness and conformity

To build an effective work group, managers must:



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Linking-Pin Concept

The linking-pin concept is one way of describing management’s role in work groups.



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Influencing Group Cohesiveness and Conformity

Managers can influence group cohesiveness by:

• keeping groups small• selecting group members carefully• finding a good personality fit between new and old employees• developing an office layout that improves communication

cont.



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Influencing Group Cohesiveness and Conformity cont.

• creating clear goals• inspiring group competition• rewarding groups rather than individuals• isolating groups from each other



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Fig 2-1

Quality Circles

• a type of formal work group• employees from a single work unit share ideas on how to improve

quality• involves employees in decision making• is almost always voluntary• encourages communication and trust among members and managers• provides training as well as a sense of control to workers

• solves problems



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Groups and Leaders

1. The leader of an informal group is chosen because that person is most capable of satisfying the group’s needs. The group gives the leader his or her authority, and the group can take it away.

2. The leader of a formal work group is assigned by upper management. He or she must gain acceptance from the group.

3. Rather than directing group members, the leader of a formal work group encourages team spirit and participation.



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Fact and Idea Review

1. Why are work groups important?

2. What two things attract employees to formal work groups?

3. Why is trust essential in a group?

4. Describe two methods managers can use to encourage group participation.

Copyright © Glencoe/McGraw-Hill Slide 1 of 12 BUSINESS MANAGEMENT Real-World Applications & Connections GLENCOE Section 14.2 Managing Formal Groups Company.

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