Principles of Management
Principles of Management
OER 2019 Edition
ISBN: 9780998625768
Author: OpenStax
Publisher: OpenStax College
Textbook Question
Book Icon
Chapter 15, Problem 1CRQ

What are the key differences between a team and a working group?

Expert Solution & Answer
Check Mark
Summary Introduction

To determine:

The difference between working group and a team.

Introduction:

The team is defined as a group of individuals that work towards a common objective or goal. The member of the team work towards a common goal and shared rewards, are accountable for the collective performance, share responsibility and authority for self-management and operate with a high degree of interdependence.

Explanation of Solution

The working group is more independent of each other, whereas a team shares its outcome and works together. Leader in a team acts as a facilitator whereas leader in working group controls and dominates the group. Active participation is enjoyed by members of the team in eventual outcome and discussion, whereas the leader in work group stands to be apparent and organize meetings. The allocation of the work assignment in a team is decided by its members, whereas in working group the work is usually assigned by the leader to members.

A team comprises of members that works interdependently towards common goal in order to generate end result for the organization. Working group on the other hand involves two or more individuals that works independently and might not be working in the same department.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
4. The entrepreneurial environment is the combination of factors that affect entrepreneurs and their businesses. Thus entrepreneurial environment includes different types of entrepreneuship because have different aspirations and visions for the kind of businesses they want to create. a. Explain what an entrepreneurial ecosystem is. (2 marks)
3. Securing needed financing is one of the most important functions related to starting a business. Therefore, it is important to understand what sources of financing exist at various stages of venture development. It is also important to determine what kind of financing provides the most value for the entrepreneur and the new venture. Equity financing is one way entrepreneurs use to access funding. a. What is equity financing? (3 marks) b. State and expain two (2) examples of equity funding. c. State three advantages of equity financing? (4 marks) (3 marks)
2. Define the following terms: a. Opportunity recognition b. Sharing economy c. Intrapreneurship d. Debt financing (3 marks) (3 marks) (3 marks) (3 marks)

Chapter 15 Solutions

Principles of Management

Additional Business Textbook Solutions

Find more solutions based on key concepts
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College
Text book image
Understanding Management (MindTap Course List)
Management
ISBN:9781305502215
Author:Richard L. Daft, Dorothy Marcic
Publisher:Cengage Learning
Text book image
Management, Loose-Leaf Version
Management
ISBN:9781305969308
Author:Richard L. Daft
Publisher:South-Western College Pub