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Business Jargons

A Business Encyclopedia

Informal Groups

Definition: The Informal groups are those groups that get created spontaneously as soon as individuals start interacting with each other. The informal groups are formed by the individuals to satisfy their social needs of affiliation, and they emerge on their own and hence not created by the management of the organization. Now the question arises that how the informal groups … [Read more...] about Informal Groups

Quality Circle

Definition: The Quality Circle refers to the group of individuals who meet on a regular basis to discuss the work-related problems. Generally, the quality circles are small group gatherings, led by the supervisor or the manager who presents the solutions to the management. The purpose behind the formation of a quality circle is to motivate employees to share the problems … [Read more...] about Quality Circle

Task Force

Definition: The Task Force is a type of a group, formed temporary, in which people from different disciplinary backgrounds come together to perform a specific task or mission. These are different from the committees in the sense, these are temporary and has broader powers of action and decision, greater responsibilities for investigation, analysis, planning and research. The … [Read more...] about Task Force

Committees

Definition: The Committees are the association of organizational people who come together to analyze, investigate and discuss the issues of concern and reach to the final conclusion. The committees are usually formed at different levels in the organization. The power and authority of the committee members are restricted to the extent delegated by the appointer. Also, there … [Read more...] about Committees

Formal Groups

Definition: The Formal Groups are formed deliberately and consciously collectively to direct the efforts of group members, especially the employees towards the accomplishment of organizational objectives. The formal groups are formed to fulfill any of the following purposes: To capitalize the expertise of each individual towards the accomplishment of complex tasks. … [Read more...] about Formal Groups

Types of Groups

Definition: The Group refers to two or more persons who shares a common interest and come together to achieve common goals and objectives. The groups can be formal and informal; formal groups are created by the organization with the intent to accomplish its objective, while the informal groups get created spontaneously as soon as the individuals interact with each other. Types … [Read more...] about Types of Groups

Job Enlargement

Definition: The Job Enlargement refers to the horizontal expansion of jobs wherein more and more activities, and tasks are added to the existing job scope at the same level in the organization. In other words, job enlargement means increasing the scope of duties and responsibilities of an individual by adding the related activities to his existing job profile and generally … [Read more...] about Job Enlargement

Job Enrichment

Definition: The Job Enrichment is the job design technique used to increase the satisfaction among the employees by delegating higher authority and responsibility to them and thereby enabling them to use their abilities to the fullest. In other words, job enrichment is the opportunity given to the employees to explore their abilities when some tough task is assigned to them. … [Read more...] about Job Enrichment

Job Simplification

Definition: The Job Simplification means breaking the job into relatively easier sub-parts with the intention to enhance the individual’s productivity by minimizing the physical and mental efforts required to perform a complex job. Once the complex task is divided into the relatively easier tasks, each task is assigned to the individuals who perform these over and over … [Read more...] about Job Simplification

Job Design

Definition: The Job Design means outlining the task, duties, responsibilities, qualifications, methods and relationships required to perform the given set of a job. In other words, job design encompasses the components of the task and the interaction pattern among the employees, with the intent to satisfy both the organizational needs and the social needs of the … [Read more...] about Job Design

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