Mohammad 
Definition: A group that an organization deliberately creates to achieve an objective is known as a formal group. This group has defined criteria for members to join, an operating procedure and structure, and is led by a leader. A formal group is also known as a planned group. Types of Formal Groups A formal group …
Definition: Informal groups are groups formed by individuals when they communicate with one another. These groups are not created by organizations and work democratically. People form these groups to solve their common issues or social needs; the issues may or may not be related to work. An informal group exists because of: According to a …
Definition: A geocentric approach method helps organizations recruit employees globally. Usually, multinational companies use this method to employ personnel regardless of their nationality. MNCs use the geocentric approach as they have a presence in different countries and the resources to do so. This approach helps them hire the most suitable employee. This approval helps MNCs …
The Porter’s Diamond Model helps countries and businesses to analyze the competitive environment. It attempts to explain why certain groups, countries, or regions are more successful. Michael E. Porter, a Harvard Business School professor, developed Porter’s Diamond Model. In this blog post, we will discuss Porter’s Diamond Model in detail and provide examples of how …