Globax Corp

question 55

Short Answer

Globax Corp. has had to let go 10% of its employees. Rather than viewing layoffs as a negative, Globax Corp. perceives a trimmer organization as an optimal way for employees to collaborate more intensely. Employees are encouraged to be creative and given more freedom to make decisions. Globax Corp. promotes the concept of ______.

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Definitions:

Trust

The firm belief in the reliability, truth, ability, or strength of someone or something.

Cooperation

Working together toward a common goal or benefit.

Trust

The confidence in the honesty, integrity, and reliability of a person or system.

Commons Dilemma

A situation in which individuals' short-term self-interest conflicts with long-term group interest and well-being, often related to the consumption of shared resources.