Andy Grove,former CEO and Cofounder of Intel,encouraged Openness by Not

question 52

Multiple Choice

Andy Grove,former CEO and cofounder of Intel,encouraged openness by not having many of the trappings of success.This is an example of evolving from boundaries to rewards and culture by

• A) hiring people who identify with the dominant values of the organization.
• B) developing managerial role models.
• C) maximizing training and indoctrination.
• D) aligning rules with organizational goals and objectives.

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Definitions:

Offshoring

The practice of relocating company operations or functions to another country to reduce costs or access skilled labor.

Multinational Corporation

A company that operates in multiple countries, managing production or delivering services in more than one country.

Labor Cost

The total expense incurred by employing labor, including wages, salaries, and benefits.

Private Enterprise System

A private enterprise system is an economic system where private individuals or businesses own and operate the means of production and distribution of goods and services.