Examlex
Which one of the following statements is FALSE?
Compensation System
The total package of monetary and non-monetary pay provided to employees for their work, including wages, bonuses, and benefits.
Organizational Success
A measure of how effectively a company achieves its goals and objectives, often assessed through financial performance, market share, and stakeholder satisfaction.
Classical Strategy
A framework in strategic management that emphasizes an analytical approach to ensuring long-term company success through analysis, planning, and logical decision-making.
Human Relations Strategy
An approach in organizational management focusing on employee welfare, communication, and involvement to improve productivity and morale.
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