Asked by flora Verdura on Jul 21, 2024
Verified
Which of the following management theories advocates employee ownership, profit sharing, and gain-sharing plans?
A) McGregor's Theory X and Theory Y
B) Hawthorne studies
C) Fayol's Administrative Principles
D) Maslow's hierarchy of needs
E) Follett's organizations as communities
Employee Ownership
A business model where employees have a significant stake in the company through stock ownership or share options, often leading to higher engagement and loyalty.
Profit Sharing
A company policy of distributing a portion of its profits to its employees.
Management Theories
Conceptual frameworks that aim to explain and guide the practice of management in organizations.
- Understand the importance of involving workers, promoting employee ownership, and implementing collective management strategies to boost organizational dedication and productivity.
Verified Answer
Learning Objectives
- Understand the importance of involving workers, promoting employee ownership, and implementing collective management strategies to boost organizational dedication and productivity.
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