What are the principles of open-book management?
1 . Turn the management of a business into a game that employees can win.
2 . Open the books and share financial and operating information with employees.
3 . Teach the employees to understand the company's financial statements.
4 . Show employees how their work influences financial results.
5 . Link nonfinancial measures to financial results.
6 . Target priority areas and empower employees to make improvements.
7 . Review results together and keep employees accountable.
8 . Post results and celebrate successes.
9 . Distribute bonus awards based on employee contributions to financial outcomes.
10 . Share the ownership of the company with employees (i.e., stock options).
You might also like to view...
Discuss at least three things that the researcher who is developing a questionnaire can do to increase the willingness of the respondent to answer
What will be an ideal response?
The attributes a consumer considers important about a certain product are referred to as
A. the information set. B. product standards. C. the evoked set. D. consumer criteria. E. evaluative criteria.
Answer the following statement(s) true (T) or false (F)
1. The Financial Accounting Standards Board developed GAAP. 2. A basic understanding of accounting principles is an essential business tool. 3. Financial accounting information is mainly used by internal decision makers. 4. The Securities Act of 1933 created the Securities and Exchange Commission. 5. Annual registration statements filed by corporations with the SEC are known as Form 10-K reports.
What encompasses all organizational information with the primary purpose of supporting the performance of managerial analysis or semistructured decisions?
A. OLAP B. Analytical information C. Transactional information D. OLTP