The Scanlon Plan

A) is appropriate for use only in startup firms
B) focuses only on labor cost savings
C) uses complex measures of performance
D) was developed during the Industrial Revolution
E) All of the above

Scanlon Plan

A participative management method that focuses on productivity improvement and labor cost savings, with financial benefits shared among employees.

Labor Cost Savings

Reductions in expenses associated with employee compensation, including wages, benefits, and other payroll-related costs.

Industrial Revolution

A period of major industrialization that took place during the late 18th and early 19th centuries, leading to significant technological, socioeconomic, and cultural changes.