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Scenario 1.4: HRM Challenges-Innovative Hydraulic Systems
Lansdowne Inc. ,a Quebec-based company,designs and manufactures innovative hydraulic systems which are sold to projects in more than 20 countries.They hire people based on their specialized technical and broader innovation and communication skills.They recruit globally.They also continue to provide training to their employees in the leading edge hydraulic systems technology and provide workplace environments that encourage innovation.Their mission and strategy is to be competitive through technical innovation.
-Please refer to Scenario 1.4.According to the Conference Board of Canada,what two employee skills will contribute to the innovation required in Lansdowne's workplace?
Free Rider Effect
A situation where some individuals benefit from resources or services without contributing to the cost.
Proportional Share
An allocation method where resources, rewards, or responsibilities are distributed among parties based on a predefined ratio or proportion.
Groupthink
A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.
Illusion of Invulnerability
A cognitive bias that leads individuals or groups to underestimate risks, believing themselves immune to negative outcomes.
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