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A-Z Planning (Scenario)
Organizations ABC and XYZ are both in the same industry and compete for the same set of customers in the marketplace. At ABC, the plans are made at the top level of management each year and then are formulated for and announced to each of the mid-level and first-level managers. At XYZ, the plans are made at the top, and then those managers meet with their subordinates at the next level and mutually agreed-to goals are established with them. The mid-level managers then meet with their first-level managers and mutually agreed-to goals are established with them. Finally, the first-level managers meet with each of their employees and mutually agreed-to goals are established with them.
-Which organization is more likely to have higher employee performance and organizational productivity?
Formal Agreement
A legally binding contract or arrangement between two or more parties, often documented in writing.
Agency Relationship
An arrangement where one party, the agent, is authorized to act on behalf of another, the principal, in business transactions.
Courts
Institutions designated to administer justice by interpreting laws, resolving disputes, and deciding on legal cases.
Truck Driver
A professional who operates trucks to transport goods and materials between locations.
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