Which of the following is not a step in the S.T.E.P. approach to Open-book Management (OBM)?
A) Empower employees and make necessary changes and decisions for success
B) Share key financial data and stock price in prominent locations
C) Pay employees for education
D) Teach all employees how to read and interpret basic financial reports and how to control costs
E) Pay employees fair share of profits through bonuses, incentives, and stock ownership

Question

Quizplus · Accepted Answer

Paying employees for education is not a step in the S.T.E.P. approach to Open-book Management (OBM). The other options - Empowering employees and making necessary changes and decisions for success, Sharing key financial data and stock price in prominent locations, Teaching all employees how to read and interpret basic financial reports and how to control costs, and Paying employees a fair share of profits through bonuses, incentives, and stock ownership - are all steps in the S.T.E.P. approach to OBM.

Which of the Following Is Not a Step in the S.T.E.P