Values-based management in which the organization’s values guide employees in the way an example of a company that uses values-based management. Based on the simple statement “Make It Better,” employees at Timberland know what’s expected and valued. They know they need to find ways to “make it better” – whether it’s creating quality products for customers, performing community service activities, designing employee training programs, or figuring out ways to make the company’s packaging more environmentally friendly.
More from this Section
- Position power
The ability and right to influence and direct others based on the power associated with your formal position in the organization.
- Self-managed work team
Self-managed work team is a type of work team that operates without a manager and is responsible for a complete work process or segment.
- Substitute Products
By placing a ceiling on the prices it can charge, substitute products or services limit the potential of an industry.Unless it can upgrade the quality of the product or differentiate it somehow, the industry will suffer in earnings and possibly in growth.
- Motion study
Motion study is a study that identifies the number and kind of movements required to perform a given operation.
Exporting refers to enter a foreign market by selling goods produced in the company’s home country, often with little modification.
Motivators is the factors that increase job satisfaction and motivation.
- Growth industry strategies
Business strategies that may be more advantageous for firms participating in rapidly growing industries and markets .