Sharing strategic plans and financial information with employees throughout the organization is referred to as

Question

Quizplus · Accepted Answer

Open-book management involves sharing strategic plans and financial information with employees throughout the organization in order to increase their understanding of how the business operates and their role in contributing to its success. This can increase transparency, trust, and accountability within the organization. Filtering, coaching, flow-through management, and upward communication do not specifically refer to sharing strategic plans and financial information with employees.

Sharing Strategic Plans and Financial Information with Employees Throughout the Organization