Contrast the Benefits and Disadvantages of Cohesive Groups

Organisations gain from the members of cohesive group because they communicate better; they share ideologies and respect opinions of fellow employees. This all create an environment of cooperation resulting into benefits to the organisations in the form of increased productivity, low employee turnover

What are the advantages of group cohesiveness?The Productivity AdvantageStudies of group cohesiveness generally conclude that cohesiveness can contribute to increased productivity because members of cohesive groups: experience lower levels of stress. have lower rates of absenteeism. have lower turnover rates.

How does group cohesiveness affect performance?Group members of highly cohesive groupstend to have more positive feelings about their own behavior and work in general. They also have lower levels of tension and less absenteeism. … Cohesive groups also have better communication, more active participation, and higher task performance.

Although cohesion is a multi-faceted process, it can be broken down into four main components: social relations, task relations, perceived unity, and emotions. Members of strongly cohesive groups are more inclined to participate readily and to stay with the group.

What is an example of a cohesion?Cohesion is the term for molecules of a substance sticking together. One of the most common examples is water beading up on a hydrophobic surface. … The water will climb up the fibers of the paper, getting it wet above the level of the water in the glass.

REFERENCES : https://smallbusiness.chron.com/advantages-disadvantages-group-cohesiveness-productivity-25046.html

MoTiVaTiOn

MEANING: Motivation is the word derived from the word ‘motive’ which means needs, desires, wants or drives within the individuals. It is the process of stimulating people to actions to accomplish the goals. In the work goal context the psychological factors stimulating the people’s behaviour can be – desire for money. success.

In simple words, motivation is a process that starts with a physiological or psychological deficiency or need that activates behaviour or a drive that is aimed at a goal or incentive.

Why we need motivation in our life?Motivation is an important life skill. Thereason it’s important is because every person on this earth is unique and has a purpose. To steward your purpose well, you have to be motivated to work towards your goals which helps your dreams become a reality.

Motivation Examples : school, and wish to become a college professor. A person who is motivated by money may desire to work. more hours for higher pay, or accept a job as a salesperson. in which the pay is based on the number of products sold. A person who is motivated by the desire for self-expression.

Motivation is an important life skill. The reason it’s important is because every person on this earth is unique and has a purpose. To steward your purpose well, you have to be motivated to work towards your goals which helps your dreams become a reality.

What are the benefits of motivation?Motivation is a very important for an organization because of the following benefits it provides:

  • Puts human resources into action. … 
  • Improves level of efficiency of employees. … 
  • Leads to achievement of organizational goals. … 
  • Builds friendly relationship. … 
  • Leads to stability of work force.

REFERENCES : https://www.psychologytoday.com/intl/basics/motivation https://jamesclear.com/motivation

Identify the Five Stages Of Group Development

What are the differences between the fivestage model of team development and the punctuated equilibrium model? The fivestage model suggests five stages: forming, storming, norming, performing and adjourning. … Passion: PM and team members must believe in the vision and be motivated to live it.

Team development is easy, in theoryThose leaders who are capable of building and developing effective teams have amassed a critical advantage over others. When delivered correctly, team development can create an innovative atmosphere that encourages cooperation, teamwork and trust among its members.

In the storming stage, the leader should encourage members to suggest ideas, voice disagreements, and work through their conflicts about tasks and goals. Members of a group that are asking “What’s next?” are in the performing stage of team development. In the final stage, adjourning, members prepare for disbandment.

REFERENCES : https://www.tutorialspoint.com/individual_and_group_behavior/five_stage_model_group_development.htm

The Five Stages of Team Development

Identify the Five Stages of Group Development

Bruce Tuckman identified four distinct phases of team development: forming, storming, norming, and performing. Each has a primary purpose and a common set of interpersonal dynamics among team members. Tuckman proposed that all are inevitable and even necessary parts of a successful team’s evolution.

1 Forming Stage

The first stage of team development is forming, which is a lot like orientation day at college or a new job. You could even compare it to going out on a first date.

The team has just been introduced and everyone is overly polite and pleasant. At the start, most are excited to start something new and to get to know the other team members.

2 Storming Stage

Have you ever reached the point in a relationship where you become aware of a person’s characteristics and they frustrate or annoy you?

Perhaps they squeeze the toothpaste from the top of the tube instead of the bottom? Eat with their mouth open? Or they listen to the same Drake song 15 times in a row?

Well, congrats, you’ve entered the storming stage.

3 Norming Stage

During the norming stage, people start to notice and appreciate their team members’ strengths. Groups start to settle into a groove. Everyone is contributing and working as a cohesive unit.

Of course, you may still think that your tech guy’s choice in music is obnoxious. But, you also admire his knowledge of web design and coding skills, and value his opinions on anything tech-related.

4 Performing Stage

If you’ve reached the fourth stage, pat yourself on the back. You’re on your way to success.

In the performing stage, members are confident, motivated and familiar enough with the project and their team that they can operate without supervision. Everyone is on the same page and driving full-speed ahead towards the final goal.

5 Adjourning Stage

In 1977, Tuckman added a fifth stage called adjourning. (Sadly, not a perfect rhyme.) Once a project ends, the team disbands. This phase is sometimes known as mourning because members have grown close and feel a loss now that the experience is over.

REFERENCES : /https://www.masterclass.com/articles/how-to-recognize-the-5-stages-of-group-development

The 5 stages of group development explained

Social Identity Theory

Social identity is a person’s sense of who they are based on their group membership(s). … This is known as in-group (us) and out-group (them). The central hypothesis of social identity theory is that group members of an in-group will seek to find negative aspects of an out-group, thus enhancing their self-image.

Social identification is important because it influences how people see themselves and how they interact with others. If people have a positive view of their identity within a group, they are more likely to relate well to others in that group and feel positive emotions about themselves.

Examples include sports teams, religions, nationalities, occupations, sexual orientation, ethnic groups, and gender. … Social identity theory addresses the ways that social identities affect people’s attitudes and behaviors regarding their ingroup and the outgroup.

REFERENCES : https://www.simplypsychology.org/social-identity-theory.html

https://www.thoughtco.com/social-identity-theory-4174315

Economic crisis

What is the meaning of economic crisis?A situation in which the economy of a country experiences a sudden downturn brought on by a financial crisis. An economy facing an economic crisis will most likely experience a falling GDP, a drying up of liquidity and rising/falling prices due to inflation/deflation. … Also called real economic crisis

What happens in an economic crisis?In a financial crisis, asset prices see a steep decline in value, businesses and consumers are unable to pay their debts, and financial institutions experience liquidity shortages. … A financial crisis may be limited to banks or spread throughout a single economy, the economy of a region, or economiesworldwide.

Is the market going to crash in 2020?It’s not because investors see the economy falling into a recession, at least not in 2020, even though that’s been a recurring fear for much of the last decade. … Vanguard forecasts that shares on American stock markets will return 3.5 percent to 5.5 percent annually over the coming decade.

As mentioned above, if the financial crisis worsens and spreads, it will eventually affect macroeconomic conditions. When this happens, the financial crisis starts turning into an economic crisis.

Unlike a financial crisis, which is limited to one sector, an economic crisis affects the whole economy. Unemployment rises, GDP stops growing or shrinks, and many other things go wrong.

Put simply; if the authorities and those responsible do not address a financial crisis properly, it can turn into an economic crisis.

REFERENCES : https://www.euronews.com/tag/economic-crisis https://marketbusinessnews.com/financial-glossary/economic-crisis/

Inflation/How we can fight….

How can we fight inflation?Here are just some of the ways that you can put on your game face and fight against inflation:

  1. Invest in Goods or Commodities, Not Money: …
  2. Get a Strong Support Group: …
  3. Grow Your Own Food: …
  4. Save Electricity and Energy: …
  5. Buy in Bulk: …
  6. Trade in Your SUV: …
  7. Ask for a Raise: …
  8. Earn Extra Cash on the Side:

When inflation is too high of course, it is not good for the economy or individuals. Inflationwill always reduce the value of money, unless interest rates are higher than inflation. And the higher inflation gets, the less chance there is that savers will see any real return on their money.

Definition and Example of Inflation is an economic term that refers to an environment of generally rising prices of goods and services within a particular economy. … For example, prices for many consumer goods are double that of 20 years ago.

Here are six ways to brace your investments for this situation.

  1. Keep Cash in Money Market Funds or TIPS. … 
  2. Avoid Long-Term Fixed-Income Investments. … 
  3. Emphasize Growth in Equity Investments. … 
  4. Commodities Tend to Shine During Periods of Inflation. … 
  5. Inflation Is Usually Kind to Real Estate. … 
  6. Convert Adjustable-Rate Debt to Fixed-Rate

By simply reducing demands and increasing supply of goods and services, inflation will naturally could be stopped. … This has a huge potential to stop inflation since there should be more goods and services supply in the market. But at the same time, human popluation also keep increasing.

When inflation is too high of course, it is not good for the economy or individuals. Inflation will always reduce the value of money, unless interest rates are higher than inflation. And the higher inflation gets, the less chance there is that savers will see any real return on their money.

REFERENCES : https://tiphero.com/12-ways-to-fight-back-against-inflation

https://www.quora.com/Is-it-possible-to-completely-stop-inflation

https://www.bbc.com/news/business-30778491

Economic Stagnation

Economic stagnation is a prolonged period of slow economic growth (traditionally measured in terms of the GDP growth), usually accompanied by high unemployment.

What is stagnation

Noun. The state or condition of stagnating, or having stopped, as by ceasing to run or flow: Meteorologists forecast ozone and air stagnation. a foulness or staleness, as one emanating from a standing pool of water. a failure to develop, progress, or advance: periods of economic stagnation followed by bursts of growth.

What defines economic growth

Economic growth is the increase in the market value of the goods and services produced by an economy over time. It isconventionally measured as the percent rate of increase in real gross domestic product, or real GDP. … An increase in per capita income isreferred to as intensive growth Stagnation is a prolonged period of little or no growth in an economyEconomicgrowth of less than 2 to 3% annually is considered stagnation, and it is highlighted by periods of high unemployment and involuntary part-time employment.

Economic GrowthU.S. GDP growth will slow to 2.0% in 2020 from 2.2% in 2019. It will be 1.9% in 2021 and 1.8% in 2022. That’s according to the most recent forecast released at the Federal Open Market Committee meeting on December 11, 2019.

REFERENCES : https://www.investopedia.com/terms/s/stagnation.asp

https://www.thebalance.com/us-economic-outlook-3305669

ttps://www.agweb.com/article/moe-russell-7-warning-signs-of-stagnation-NAA-moe-russell