A collection of people who work together to accomplish a particular goal that each member is interested in is known as an interest group. Interest groups are typically informal.
Cross functional teams are groupings made up of individuals from many firm functional areas.
The marketing team, the IT department, and the sales division are a few examples of teams that come to mind when we think of groups of people with similar jobs. Those on a cross-functional team, on the other hand, may have various specialties or come from various organizational departments.
Members of a cross-functional team may range in seniority. It might also possess unique decision-making abilities. For instance, instead of going through the standard approval process, the team presents its project plan directly to the CEO.
Although they are not new, cross-functional teams are receiving a lot of attention today. They have been used successfully in a variety of fields, including technology, auto manufacturing, and insurance.
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