11:9:10 - Intro to Business 09/11/2010 17:45:00...

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Intro to Business 09/11/2010 17:45:00 Empowerment-giving employees authority and responsibility to make decisions about  their work without traditional managerial approval and control Sharing information and Decision making authority Keeping them informed about company’s financial performance Giving them broad authority to make workplace decisions Employee stock ownership plans Gives employees ownership stakes, motivating them to work smarter and  harder 11million workers at 10,000 companies participate Stock options Right to buy a specified amount of company stock at a given price within a  given time period o 1/3 of all options go to the top five executives at a firm o Being offered more and more to employees at all different levels o Like a lottery Teams Group of employees who are committed to a common purpose, approach,  and set of performance goals o Mutually responsible and accountable for accomplishing objectives
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This note was uploaded on 01/31/2012 for the course EXPOSITORY 101 taught by Professor Mr during the Spring '06 term at Rutgers.

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11:9:10 - Intro to Business 09/11/2010 17:45:00...

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