The Realization of Social Loafing

There are so many concepts from psychology that I actually think I will remember five years from now simply because I find it fascinating. Despite this, there is one topic I recently read about that I think I will remember more because of how I am sure it will apply in my future as well as present--social loafing.
Social loafing is a concept that basically says, when you are working with a group of people, the end result is less productive than it would have been if each member had done their contribution individually. This is because when in groups, people feel that their part is less important. They feel comfortable doing less because someone else is there to pick up the slack. This is a very important concept for my future business career. It amazed me that I had not heard of this before. There have been many times where I have been working in a group and I realize that everyone is not pulling their weight. The simplicity of the explanation for this astounded me. Now knowing this information, I can use this knowledge in my future career to get the best out of each worker. Instead of constantly working in a group, giving people individual tasks to contribute to the group would allow for better results. I always thought simple teamwork was the best way to get things done. This has made me realize that by specifying tasks to people, I can achieve a better outcome.