TOT- Business Group Formation

What is a step for forming a business group

• raise awareness

• identify members

• decide on leaders

• all of the above

Forming business groups is a way for women and men in poor communities to enhance their income-generating activities and thereby improve the quality of life of their families and communities.

• False

• True

Business groups can not address inequities and power imbalances between men and women of various income classes.

• True

• False

what helps business groups to

become strong and successful.

• problem solving capacity

• interest and commitment from all members

• rules that everyone agrees on

• all of the above

What is an advantage of a business group

• Decisions can be made more quickly

  and easily and they respond to

  individual needs

• Profits automatically benefit the

  individual business person

• Members have the same advantage

• They have more power, voice and

  negotiating power

group formation automatically enhance gender equality

• True

• False

in almost all group formations there is one or more leader

• True

• False

Leadership

refers to responsibility for the vision, goals and strategies of the group, whereas management refers

more to day-to-day troubleshooting and getting things done.

• True

• False

what is a ‘recipe for success’ of teamwork and management in a

group

• Focusing on the delivery of tasks to reach a goal

• Sharing of the overall work but dividing tasks and using individual strengths

• Supervision of work flow

• All of above

Business Group Formation is ....

• a co-op

• forming of corporate groups This can usually involve consolidation via mergers and acquisitions

• two businesses sharing ideas

• businesses in teamwork