Asked by Kåmøgelø Mokwå on Jun 24, 2024
Verified
Leonard, the manager of a manufacturing firm, wants the organization to perform better. He expects his employees to think more like owners, taking a broad view of what they need to do in order to make the organization more effective. In this case, Leonard should
A) pay his employees per piece that is manufactured.
B) create a balanced scorecard.
C) reorganize the departments in the organization.
D) implement a profit-sharing incentive plan.
E) hire new employees and pay them above the market rate.
Profit-Sharing Incentive
A compensation strategy where employees receive a share of the company's profits, motivating them to contribute to its success.
Broad View
An approach or perspective that considers a wide range of factors, implications, or possibilities.
Organization Effective
Measures the success with which an organization achieves its intended outcomes, through efficient resource utilization and strategic goal achievement.
- Analyze incentive schemes designed to foster an ownership mindset among employees.
Verified Answer
Learning Objectives
- Analyze incentive schemes designed to foster an ownership mindset among employees.
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