Acta Universitatis Danubius. Œconomica, Vol 8, No 4 (2012)

Abstract

This paper aims to make a contribution to understanding the role of group cohesion and group performance in financial organizations in Romania. The analysis is based on a sociological research conducted in an economic and financial organization from Bucharest. The results are rather illustrative, but they can easily find the correspondent in other Romanian financial organizations. Based on quantitative data obtained from organizational survey, the general goal of the research is to contribute to a better understanding, exploration and explanation of the existence of group cohesion and its importance on the organizational performance. In this regard, the study is answering to the following questions: "How important it is to have high group cohesion for as the performance of an organization to grow?" and "How well does the group carring out its tasks and under what circumstances can we optimize its performance?" The findings of the study could be utilized for: 1.Identifying the organizational performance trends in the studied company; 2. Identifying of levers as to help managers to direct staff’s potential towards certain objectives established according to the organization’s strategies and policies; 3. Prevent the obstacles and the difficulties in obtaining group performance at individual and group level.