18,The Principle of "Parenting Advantage"-That a Company Should Own a Business

question 24

True/False

18,The principle of "parenting advantage"-that a company should own a business only if it is able to add more value to that business than any other potential parent-is a more rigorous criterion for justifying diversification than Michael Porter's "three essential tests."

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Definitions:

Work Schedules

The planned hours and days that employees are expected to work, including shifts, rotations, and flex-time arrangements.

Self-Directed Teams

Groups of employees who are given the autonomy to plan, execute, and monitor their tasks with minimal direct supervision.

Supervision

Supervision involves overseeing, directing, and guiding individuals and groups in the completion of tasks and fulfillment of goals.

Profit-Sharing

A company policy of distributing a portion of its profits to its employees, often based on their performance or as part of their compensation.