Why Are Control Systems Based Solely on Bureaucratic and Market

question 67

Essay

Why are control systems based solely on bureaucratic and market mechanisms insufficient for directing today's workforce?

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Definitions:

Gross Margin

Revenue less cost where cost is spending closely associated with production. Stated in dollars or as a percent of revenue. A fundamental measure of a business’s strength.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues.

Dividends

Monetary distributions from a company to its shareholders, often based on the profits of the business.

Net Income

Net income is the total profit of a company after all expenses and taxes have been deducted from total revenues.