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Explore the dynamics of group behavior in organizations, including interdependence, social interaction, perception, common purpose, and favoritism. Delve into organizational culture, management values, types of organizational politics, operations management, strategic management, globalization, diversity, mergers, acquisitions, alliances, joint ventures, knowledge ethics, and corporate social responsibility.
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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