Asked by DIVYNE PERRIN on Jul 28, 2024
Verified
When managers and employees are involved in the formulation and operation of performance measures, this is known as:
A) participation and controllability.
B) benchmarking.
C) strategy and empowerment.
D) participation and empowerment.
Participation
The action of taking part or being involved in an activity or event.
Empowerment
The practice of giving employees the authority, tools, and responsibility to make decisions and contribute to the company's success.
Controllability
The principle that managers should be held accountable only for those aspects of performance that they can influence or control.
- Acknowledge the role of performance indicators in managerial decision-making and the development of strategic initiatives.
Verified Answer
Learning Objectives
- Acknowledge the role of performance indicators in managerial decision-making and the development of strategic initiatives.
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