Work Values Are an Employee's Personal Convictions About What Outcomes

question 142

True/False

Work values are an employee's personal convictions about what outcomes one should expect from work and how one should behave at work.

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Definitions:

Differentiate

To distinguish or set apart different items, concepts, or entities based on their unique characteristics or qualities.

Organization Anticipates

The process by which organizations attempt to foresee future challenges or opportunities and prepare accordingly.

Retrenchment

A retrenchment or turnaround strategy occurs when an organization finds that its current operations are not effective, and major changes are usually needed to rectify the problem. In most cases, this strategy involves rightsizing the organization by closing operations, shutting down factories, and terminating employees in order to get back on the right track.

Executive Succession

Involves systematically planning for future promotions into top management positions.