What are the two primary reasons that make cohesiveness important in teams?
What will be an ideal response?
Cohesiveness is important for two primary reasons:
It contributes to member satisfaction. In a cohesive team, members communicate and get along well with one another. They feel good about being part of the team. Even if their jobs are unfulfilling or the organization is oppressive, people gain some satisfaction from enjoying their coworkers.
It has a major impact on performance. A study of manufacturing teams showed that performance improvements in both quality and productivity occurred in the most cohesive unit, whereas conflict within another team prevented any quality or productivity improvements.
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Nebraska Inc issues 3,000 shares of common stock for $45,000 . The stock has a stated value of $10 per share. The journal entry to record the stock issuance would include a credit to Common Stock for
a. $30,000 b. $45,000 c. $15,000 d. $3,000
Setting internal transfer prices for products or services falls under the planning stage of the management process
Indicate whether the statement is true or false
All of the following are true regarding long-term notes payable except:
A. The equal total payments pattern has changing amounts of both interest and principal. B. Notes payable are usually issued by a single lender. C. Over the life of the note, the interest expense allocated to each period is computed by multiplying the market rate by the beginning-of-period balance. D. The market rate of interest at the time of issuance determines the periodic cash payment amount. E. The note's carrying value at any time equals its face value minus any unamortized discount or plus any unamortized premium.
Which of the following statements is NOT true with regard to customer complaints? A. The best way to curb customer complaints is to prevent them. B. Top management must set the standards for good customer service throughout theorganization
C. If an organization tries really hard, it can completely eliminate customer dissatisfaction andcomplaints. D. Employees should use their e-mail's auto-responder function when they are unavailable to answer customer e-mails.