Do you think companies should open their books to employees

Assignment Help Managerial Economics

Reference no: EM13921375

Recently a number of companies have adopted what is known as open-book management. Under this concept lower-level employees are given training to help them understand the company's financial statements and how their individual actions affect financial performance. They are given access to information previously known only to more senior management. They are also given detailed revenue and cost data as it relates to their jobs. For instance, one company gave delivery drivers information about the maintenance costs of the company's vans, whereas a building company gave employees detailed cost informa- tion on such items as a spoiled batch of glue. Why do you think this management trend is occurring now, rather than say 20 years ago? Does this policy fit with other changes that are occurring in organizations? Explain. Do you think all companies should "open their books" to lower-level employees? Explain.

Reference no: EM13921375

Questions Cloud

Which of the following is true about the office of president : Which of the following is true about the office of the president? Which of the following is true of the president and his or her veto power

Calculate the subscription ratio : The market capitalization of NYC company is $10,000,000, the current share price is $40. NYC plans to raise new equity in an SEO, it plans to issue 100,000 new shares. Calculate the subscription ratio.

Using the rate of return on the stock as the cost of equity : XYZ Inc has a capital structure that consists of 40% debt and 60% common stock. Dividends are growing at a constant rate of 5% and the current dividend is $2.00. The stock is currently selling for $21.88. The before tax cost of debt is 14% and the fi..

Give a succinct overview of your fictitious company : Imagine you work for a company that has recently merged with an overseas company. Write a brief introduction to your company as well as the company that was purchased. Then develop an eight to ten (8-10) point checklist detailing what steps you wo..

Do you think companies should open their books to employees : Does this policy fit with other changes that are occurring in organizations? Explain. Do you think all companies should "open their books" to lower-level employees? Explain.

What is the market value of bonds : The bonds of Microhard, Inc. carry a 10% coupon paid semiannually, a $1,000 face value and mature in 4 years. Bonds of equivalent risk yield 7%. What is the market value of Microhard’s bonds? (show procedure)

What was the average interest rate on target long term debt : What are the types of debt included in this category?

Overall cost of debt is the weighted average implied : Filer Manufacturing has 8.8 million shares of common stock outstanding. The current share price is $58, and the book value per share is $3. Filer Manufacturing also has two bond issues outstanding. Suppose the company’s stock has a beta of 1.1. The r..

Using animals to make fur coats is unethical : Which of the following individuals was convicted of various computer crimes and was known for his ability to conduct successful social engineering attacks?

User Account

All Pages