Companies and Group Organization

Companies and Group Organization

Shameka Williams

MGT 415

Instructor Edward D’Avola

October 22, 2012

The business world is a culture that has been going on for many generations across history. The changes that it has seen have been documented since the early times of man where people would exchange goods. But as people changed the way they did business and many aspects of the business world changed, like introducing currency for example, the culture itself began to change. People started to form companies, and the accumulation of wealth became a major purpose for businesses. The in the late century the introduction of shares and shareholders came about and the strategy of businesses took another turn yet again. This turn is what we see has become of our modern day business models, where companies are all about pleasing the stock holders, and finding ways to maintain their approval. One can argue that the direction of shareholders may have been a good move or a bad move for the business world, but it is a change that, never the less, allowed the business world to move into a new direction without looking back, and now, business are more about the bottom line and pleasing shareholders than ever before. With that in mind, companies now not only have to look at the bottom line and maintaining a good ratio to the overhead, but another major point that companies started to look into is productivity and how much production per dollar spent can they get out of their staff. Companies started to not only care about the money now, but also how much they can get out of their staff without paying for more people. Many theories were formulated and thought about over the years, but perhaps the best one is the idea of forming a team and having that team work towards a goal. In this class, we were educated on the idea of group behavior in organizations and how groups can enhance the dynamics of the business world. In this paper I will talk about the importance of groups in...