Asked by Martie Coleman on May 22, 2024
Verified
According to the Change Competency: Nucor's Profit-Sharing Program,when the electrical grid that feeds its Hickman,Arkansas,plant failed,it could have shut down that plant for one week.What allowed the plant to open after just 3 days?
A) three electricians from other plants drove to Hickman and fixed the problem
B) the plant operated on gasoline powered generators
C) electricians at that plant got it working
D) all the employees worked extra hours to get it working
Change Competency
An organization’s or individual's ability to effectively manage and adapt to change.
Nucor's Profit-Sharing
A financial incentive strategy used by Nucor Corporation, involving the distribution of company profits among its employees.
Electrical Grid
A network for delivering electricity from producers to consumers, encompassing power stations, transmission lines, and distribution systems.
- Identify approaches that improve the effectiveness of profit-sharing schemes.
Verified Answer
Learning Objectives
- Identify approaches that improve the effectiveness of profit-sharing schemes.
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