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Case 6.1
Martin is managing a production line in a manufacturing plant in the Midwest.Martin has a quality and productivity problem in one part of the manufacturing process.He discovers that his workers aren't sure what to do.When he asks why they didn't ask questions,the universal reply is,"We Midwesterners don't ask questions,we just do."
Martin decides to address this problem by offering recognition rewards for the employee who asks the most job-related questions that lead to process improvements each month.Unfortunately,Martin finds the program doesn't work.When he further questions his workers,he discovers that no one wants to be the first to ask questions.As a group,workers still feel that they should figure it out on their own and not ask questions.
Martin persuades Carmen,a worker everyone else admires,to be the first to ask questions as part of the program.After about a month,several other people begin to submit questions,and soon everyone in the plant is asking questions.
-Refer to Case 6.1.Martin's plan failed initially because he didn't consider the power of ____ on attitudes.
Raw Materials
Any materials that go into the final product.
Book Value per Share
The equity available to common shareholders divided by the number of outstanding shares, indicating the value of a company’s equity on a per-share basis.
Market Price
The current price at which an asset or service can be bought or sold in the marketplace.
Common Share
Equity securities that represent ownership in a corporation, giving holders voting rights and a share in the company’s profits through dividends.
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