The management at Revelio Corporation wants its employees to actively participat
ID: 338817 • Letter: T
Question
The management at Revelio Corporation wants its employees to actively participate in the achievement of the firm's goals. It wants them to appreciate the importance of financial efficiency for the firm's success as well as their own. The goal of the management is to train the employees to interpret the firm's financial data and to make them think like owners by giving them the same information owners have: what money is coming in and where it is going. In this scenario, Revelio Corporation is using _____.
a. open-book management b. a detailed requirements analysis c. the Theory X management style d. hierarchical organizational control
Explanation / Answer
The management at Revelio Corporation wants its employees to actively participate in the achievement of the firm's goals. It wants them to appreciate the importance of financial efficiency for the firm's success as well as their own. The goal of the management is to train the employees to interpret the firm's financial data and to make them think like owners by giving them the same information owners have: what money is coming in and where it is going. In this scenario, Revelio Corporation is using _____.
a. open-book management b. a detailed requirements analysis c. the Theory X management style d. hierarchical organizational control
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