Open-book management ties employee rewards to the company's overall success.

Question

Quizplus · Accepted Answer

Open-book management involves sharing financial information and performance metrics with employees and involving them in decision-making processes. This transparency can help employees understand how their individual actions and contributions impact the company's overall success. By tying rewards and incentives to this success, employees are motivated to work towards common goals and share in the benefits of the company's growth and profitability.

Open-Book Management Ties Employee Rewards to the Company's Overall Success