Should an owner give employees the power to make decisions?
The owner cannot experience the work in each stage of the work.
Hence he should give the employees the power to make decisions with
regard to the day to day work done by them. In many cases such
decisions taken by the employees have proved beneficial to the
employer and the employees are also being rewarded for such
decisions. It is also called empowerment of the employees and the
decisions of the employees are known as suggestions. The employees
take pride that they also have a role in running the organisation
and it motivates them further to work for the organisation and
create loyalty to to the owner.
Related Q&A：
How do taxes influence consumer decisions and buying power？Well, taxes can have a big impact on consumer decisions and buying power, for sure! When taxes go up, it means consumers have less money in their pockets. That can make them think twice before making big purchases. Oh, and higher taxes on certain products might make people choose cheaper alternatives or even hold off on buying altogether. For example, if the tax on luxury items increases, folks might decide to save that money instead. It's like, \Hey, do I really need this right now with those extra taxes?\ So, taxes can definitely shape what we buy and how much we're willing to spend.
