The Goal of Open-Book Management Is to Get Every Employee

question 102

True/False

The goal of open-book management is to get every employee thinking and acting like a business owner.

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Definitions:

Organizational Objectives

Goals or targets that an organization aims to achieve, guiding its operational and strategic decisions.

Team Leader

An individual who guides, motivates, and manages a group of people towards achieving a common goal or completing a task.

Non-managerial Workers

Employees who do not have supervisory responsibilities and are responsible for executing tasks rather than overseeing the work of others.

General Manager

A general manager is an executive who has overall responsibility for managing both the revenue and cost elements of a company's income statement, often overseeing most or all of the firm’s functions.