Asked by eliza mooradian on May 10, 2024
Verified
The final step of the S.T.E.P. approach to open-book management involves paying employees a fair share of profits through bonuses, incentives, and stock ownership.
S.T.E.P. Approach
A strategic planning method focusing on scanning, targeting, evaluating, and proceeding to address organizational issues or opportunities.
Open-Book Management
A management approach where financial information is shared with employees to involve them in understanding how their actions affect the company's performance.
Stock Ownership
The holding of shares in a company, giving the shareholder a claim on part of the company’s assets and profits.
- Grasp the principles and steps of open-book management.
Verified Answer
AG
Anquanetta GracieMay 11, 2024
Final Answer :
True
Explanation :
The final step of the S.T.E.P. approach does involve paying employees a fair share of profits through bonuses, incentives, and stock ownership.
Learning Objectives
- Grasp the principles and steps of open-book management.