A company's labor relations strategy is determined by:
A) managerial philosophy.
B) economic conditions.
C) management ethics.
D) competition in the industry.
E) all of these.

Question

Quizplus · Accepted Answer

A company's labor relations strategy depends on various factors, including managerial philosophy, economic conditions, management ethics, and competition in the industry. All of these play an essential role in determining the approach a company takes towards its employees and labor relations. For example, a company with a strong focus on ethical and fair treatment of employees may adopt a collaborative approach to labor relations, whereas a company facing fierce competition may take a more confrontational approach to keep labor costs low.

A Company's Labor Relations Strategy Is Determined By