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During Any Disaster,leaders Need to Give Their Employees a Sense

question 30

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During any disaster,leaders need to give their employees a sense that everyone is participating in the relief effort. Gap gave its employees the authority to transfer their paid time off to some 1,300 employees affected by Hurricane Katrina. What did Gap use to allow its employees to gain a feeling of intrinsic motivation?


Definitions:

Conversion Feature

An option in some financial instruments, such as bonds, that allows the holder to convert the instrument into other securities, typically shares of the issuing company, under specified conditions.

Common Stock

A type of equity security that represents ownership in a corporation, granting holders voting rights and a share in the company's profits via dividends.

Market Price

The current price at which an asset or service can be bought or sold in the open market.

Redeemed Before Maturity

This term refers to the early repayment or buyback of a bond or other debt security before its scheduled maturity date.

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