happens as a result of these meetings. Self-Managed Work Teams (Small Work Groups): small groups/teams of individuals who work together to perform their job. Loyalty increase, absenteeism decreases, and produces harder workers.Employee Stock Ownership: employees purchase the firm’s stock at a discount or as part of their salary. When employees own the majority of the stock, the firm is more profitable and there exists less tension as opposed to the firms where employees own only a tiny amount of the stockCorporate Day Care: facilities at work. Absenteeism decreases, shorter maternity leaves, decreased turnover (quitting and leaving your job), corporation saves money.Ideas to know and understand from Lecture:The relationship between the rationalization of society and the shift from mechanical to organic solidarity, gemeinshaft to gesellshaft. (Table 7.1 pa 175 from text)You should understand the relationship between organization changes such as quality control circles, self-managed work teams, employee stock ownership, and corporate day care on the bureaucratic structure.You should know and understand what it is meant by an “Ideal Type” and the theorist that is credited with that concept.Write definitions along with an example other than the ones given in the textbook.Formal Organization: a secondary group designed to achieve explicit objectives. College is a formal organization that we’ve started to take for granted.Bureaucracy: a formal organization with a hierarchy of authority; a clear division of labor; emphasis on written rules, communications, and records; and impersonality of positions. Supreme Court.Five Characteristics of Bureaucracy1. Clear cut levels, with assignments flowing downward and accountability flowing upward. Everyone has a job and they have to answer to someone “higher up” than them.2. A division of labor. Each worker has a specific task that they’ve been trained to do.3....