How do Informal groups form? Informal groups are created in the organization because of operation of social and psychological forces operating at workplace. Informal groups develop apart from
Important points of difference between formal and informal groups are given below: 1. Formation of groups: Formal groups are created deliberately and consciously in the organization by the
The limited scope of working to which the line organization is liable, has given raise to another type of organization called “Functional Organization” otherwise known as “Functional Foremanship“.
According to L.A. Allen, sound organization can contribute greatly to the continuity and success of an enterprise in the following ways: 1. Facilitates Administration: If the plan of
What is a Line Organization? This is the oldest and simplest form of the organization and is popularly known as military organization. The term “Line” has been borrowed
Introduction Decentralization refers to the pushing down of functional authority and power of decision-making to the lower levels of the organization. It is really an extension of the
In contrast to the internal recruitment, the term external sources of staffing indicate the sources of recruitment outside the enterprise. The persons recruited from outside sources are, thus,
What is Internal Staffing? Internal sources of staffing is the most obvious source for an organization. It includes personnel already on the pay roll of an organization i.e.,
On-the-job Training On-the-job training is considered as the most effective and widely used method of training. Under this method, the worker is assigned to a specific job. He
Banks directly play an important role in the economic development of the country. Here, we can see certain specific role of banks as financial intermediary. Role of Financial