RSM100Y1 Chapter Notes - Chapter 9: Financial Statement
19 Dec 2016
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Companies should share regular financial statements; employees can see how their work affects outcomes. ~ benefit employees when firm stock value spikes. ~ employer buys stock on behalf of workers as retirement benefit; tax- free. ~ risk: if stock value plummets, retirement funding takes hit! ~ right to buy set amount stocks for any value within set amount of time. ~ can buy and sell whenever they choose. ~ trend in all employees; used to be limited to top execs only. ~ complementary-skilled people work together in ex: assembly lines. ~ ex: smart (swift market analysis response teams) to deal with technical problems. ~ team may develop more permanent role in a firm. ~ decision-making power; can focus on customer satisfaction. ~ teams over internet/ technology made to complete tasks. ~ disadvantage: hard to handle (all over the globe) ~ no ideal size limit, research says 6-7 is optimal. ~ big enough for variety of skills, small enough for communication.
