To foster group cohesion, communicate a clear purpose and roles, hold individuals and departments accountable, and reward good team effort. Use team building exercises, create sports teams, and organize off-site activities. Enforce the idea of team members over employees, and create a corporate culture of communication, respect, and fairness. To foster group cohesion, communicate a […]
Oil companies can partner with each other or with government-controlled entities to increase production and share resources and profits. Partnerships can also be formed between countries, but political and environmental restrictions may limit opportunities. The demand for oil continues to drive the formation of partnerships, but companies must adhere to the laws of the host […]
Special interest groups are formed by people with shared beliefs or goals, and seek to make changes that benefit their constituency. They often use money and political influence to achieve their goals, and can range from small local groups to large national organizations. Political donations and endorsements are common methods of influence. A special interest […]
Focus group moderators work with market research companies to guide groups of participants in discussing their opinions and values about products and services. They require skills in interviewing, psychology, and human resources, and may benefit from training with a market research firm. Inexperienced moderators can learn from more experienced ones. Market research is a growing […]
Teams and groups are not interchangeable. Teams rely on interconnectedness and complementary skills, while groups can rely on volume or a single leader. Building a team can take years, but a group can be formed quickly. Teams do not rely on “groupthink” and individual members are crucial to success. Many people have used the words […]
A group sale involves all members of a syndicate participating in the sale of a specific lot of securities, with proceeds divided proportionally. The syndicate administrator handles the process, typically involving institutional investors, and the sale is often focused on transactions within institutions. A group sale is a type of security sale in which all […]
Collective plurals are groups of items described as a single unit, such as a litter of kittens or a platoon of troops. They require singular or plural verbs and pronouns depending on whether the group acts together or separately. Mistakes are common, and different forms of English treat them differently. A collective plural is a […]
To be a successful group leader, preparation is key. Involve all group members and manage time, topics, and group dynamics. Lead by example and be prepared to answer questions. Because there are so many different types of situations that could land you in a position of group leader, it’s hard to give a surefire method […]
A group product manager (GPM) leads and directs a product management team, responsible for research and development, product marketing and sales strategy, and overseeing implementation. The GPM bears full responsibility for the success and failure of each product and spends time asking questions to gain a firm understanding. The daily activities include writing sales and […]
Group buying allows multiple businesses to purchase goods and services at discounted rates by combining their purchasing power. This approach benefits both buyers and sellers, and the structure of the group can vary depending on its goals and financial support. Group buying is a process that allows several people or businesses to come together for […]
An underwriting group is a collection of bankers who purchase and sell a certain amount of shares at the public offer price. It provides a larger investor base and ensures profitability for both the issuing company and underwriters. The agreement outlines the number and price of shares acquired, the initial public offering price, and a […]
Group counseling brings together people with similar problems to share experiences and support each other. It can be highly organized or free-form, and may embrace different psychological schools of thought. The success of group therapy depends on the diversity of people’s conditions, and not all efforts are successful. However, many people find group counseling to […]
