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Justin M.Brown,the operations manager at Vernon Manufacturing Company,formulated a strategy to motivate the firm's employees.Justin addressed employee's dissatisfaction by increasing their salary and incentives; he employed several industrial counsellors to help employees deal with work-related stress,and improved the health insurance plan provided to employees.He also motivated employees by providing greater opportunity for advancement; recognizing employees who perform well; and giving employees greater responsibility to foster a sense of achievement in them.Justin's measures are based on which of the following approaches?
Low-Cost Leadership
A strategy where a company becomes the lowest cost producer in its industry, offering products or services at the lowest price point to gain market share.
Franz Colruyt
A Belgian entrepreneur known for founding the Colruyt Group, a major retail corporation.
World Companies
Multinational corporations that operate and compete on a global scale, often influencing economic, political, and cultural dynamics worldwide.
Aerospace Technology
The branch of technology dedicated to the development and production of aircraft and spacecraft.
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