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Hutch Inc., a software company, uses an approach in which software developers and programmers interact directly with customers. The team asks the customers for their requirements, develops a sample, and sends it to them for feedback. The team continues production based on the feedback given by their clients. The firm spends less time on negotiating contracts and documenting processes. This scenario implies that Hutch is using which approach?
Non-monetary Rewards
Benefits given to employees, not in the form of money, to recognize their performance or motivate them, such as praise, awards, flexible hours, and professional development opportunities.
Baby Boomers
A demographic group defined as individuals born between 1946 and 1964, currently entering or at retirement age.
Triadic Reciprocal Causation
A concept in psychology that suggests human behavior is influenced by interaction among personal factors, behavior, and the environment.
Social Cognitive Theory
A framework that emphasizes the role of observational learning, imitation, and modeling in the acquisition of new behaviors, with a focus on the dynamic interaction between individuals and their environment.
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