What do profit-sharing firms tend to have in common?

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Profit-sharing firms tend to have a high-involvement management approach, where employees are involved in decision-making and have a sense of ownership in the company's success. This type of approach often leads to a culture of teamwork and collaboration, which can improve overall company performance. While profit-sharing firms may vary in terms of whether they are privately held or unionized, the high-involvement management approach is a common feature. Industry-specific is not a common feature of profit-sharing firms, as this type of management approach can be applied across industries.

What Do Profit-Sharing Firms Tend to Have in Common