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CHAPTER 11: BEHAVIOUR IN ORGANIZATIONS. INDIVIDUAL BEHAVIOUR. GROUP BEHAVIOUR. Group behaviour refers to the situations where people, usually in one place, interact in large or small groups. COMMON REQUIREMENTS INDIVIDUALS WORK IN A GROUP Interdependence Social interaction
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GROUP BEHAVIOUR Group behaviour refers to the situations where people, usually in one place, interact in large or small groups • COMMON REQUIREMENTS INDIVIDUALS WORK IN A GROUP • Interdependence • Social interaction • Perception of a group • Commonality of purpose • Favouritism
ORGANIZATIONAL CULTURE Represents a complex pattern of beliefs, expectations, ideas, values, attitudes and behaviours shared by members of organization
STRATEGIC MANAGEMENT (SM) • Comprehensive collection of ongoing activities and processes that organizations use to systematically coordinate and align resources and actions with mission, vision and strategy throughout an organization • The activities transform the static plan into a system that provides strategic performance feedback to decision making and enables the plan to evolve and grow as requirements and other circumstances change.
MERGERS, ACQUISITIONS, ALLIANCES, JOINT VENTURES • MERGERS • Legal consolidation of two companies into one entity • Five types of business combinations know as mergers: • Conglomerate merger • Horizontal merger • Market extension merger • Vertical merger • Product extension merger • ACQUISITIONS • Occurs when one company takes over another and completely establishes itself as a the new owner • The target company still exists as an independent legal entity controlled by acquirer
MERGERS, ACQUISITIONS, ALLIANCES, JOINT VENTURES • ALLIANCES • A pact, coalition or friendship between two or more parties • Made in order to advance common goals and to secure common interests • It is a political agreement between countries to support each other in disputes with other countries • JOINT VENTURES • A business agreement in which the parties agree to develop a new entity and new assets by contributing equity • They exercise control over the enterprise and consequently share revenues, expenses and assets • Takes place when two parties come together to take on one project