QUESTION 3 Open-book management teaches employees CD 1. communication skills 2. financial skills o 3.motivation skills o 4.all of the above ① 5.none of the above 11
Expert Answer
Open-book management teaches employees – 2. financial skills
Employees are provided with the firm’s financial and operational information to enable them to make better business decisions through analysis and interpretation of the information.
OBM involves four practices –
1. Training the employees to make them understand the financial statements and related information
2. Empowering them to use the employees in minor pilot projects for cost cutting and quality improvement
3. Trusting them as business partners
OR
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