Asked by Cassie Birth on May 09, 2024
Verified
ZebraTech is an IT company that provides information to its employees about the earnings of the company, its profits, expenses, etc. on a regular basis. In this scenario, the company can be said to follow which of the following styles of management?
A) heralded management
B) publicized management
C) open book management
D) cautious management
E) provident management
Open Book Management
A business strategy where a company shares financial and performance data with all employees to involve them more in operations.
IT Company
A business enterprise that specializes in delivering technology-related services and solutions, including software development, IT consultancy, and hardware installation.
Regular Basis
Occurring frequently or at evenly spaced intervals over time.
- Comprehend the fundamentals of open book management and its influence on staff participation.
Verified Answer
DB
Daniel BerryMay 13, 2024
Final Answer :
C
Explanation :
Open book management involves sharing financial information with employees and involving them in decision-making processes. ZebraTech's practice of sharing earnings, profits, and expenses with its employees on a regular basis aligns with this style of management. Neither of the other options (heralded, publicized, cautious, and provident) specifically relate to the sharing of financial information with employees.
Learning Objectives
- Comprehend the fundamentals of open book management and its influence on staff participation.