Collectivism refers to an economy, a culture, or a society where the group is valued over individual interest. Collectivism is a psychological dimension theory that encourages collective control and bonding in a group. Forms of Collectivism 1. Fascism Refers to a single-party system with dictatorial power which has the right to make decisions on behalf of its individuals 2. Socialism This refers to an economic system that advocates resource distribution should be regulated by the community as a whole. 3. Communism This refers to a system where all the resources are owned by the government who has the right to allocate them as per their will. Collectivism Countries 1. Africa 2. Latin America 3. Asia Advantages of Collectivism - Tight solidarity - Help is easy to obtain - As members work collectively it promotes peace and harmony - Priority is given to the team and this attitude endorses selflessness Cons of Collectivism - An individual has to sacrifice personal aims, goals and desires for the greater good of the team - One mistake has an impact on the group as a whole - Introducing new ideologies is very difficult - Promotes inequity Collectivistic Culture Traits - Promotes unselfishness - Offers support to individuals in the group so that they can work collectively - Focus on the interest of the society - Families and society have a focal role - Mutual goals gain priority over individual goals Individualism vs Collectivism Individualism                                                                    Collectivism Rights and goals of an individual are a priority           Rights and goals of a group are a priority Remuneration encourages Individualism                     Group goals encourages Collectivism Better at understanding fresh principles                     Difficult to relate to new principles Success and failure impacts only the individual         Success and failure impacts the whole group This video is on Collectivism and it has the following sub-topics. Time Stamps 0:00 Introduction 00:20 Definition of Collectivism 00:30 What is Collectivism? 01:04 Origin of Collectivism 01:41 Forms of Collectivism 02:22 Collectivism Countries 02:39 Advantages of Collectivism 03:23 Cons of Collectivism 04:09 Collectivistic Culture Traits 04:29 Individualism vs Collectivism 05:37 Hofstede’s Model of Culture – Collectivism