Five Dimensions of PBM
A fundamental principle of human progress is the division of labor by this.
What is comparative advantage?
Employees and groups who take account of their comparative advantages do this more, and are thus more successful.
What is contribute?
This dimension has been built on the belief that the role of businesses in society are to help people improve their lives by providing products and services that they value more than their alternatives.
What is vision?
Employees have a comparative advantage in a group when they can perform an activity at a lower ____.
What is opportunity cost?
Under the "Virtue and Talents" dimension, these kind of employees seek growth and challenge.
What is contribution-motivated?
This should be given frequently and and honestly to help employees understand their performance and how to increase their contribution.
What is feedback?
Under this dimension, we learn and innovate through broad knowledge networks, well-designed experiments and reality-based measures that increase our rate of transformation.
What is knowledge?
Comparative Advantage was formerly named this.
What is Decision Rights?
This dimension encourages people to have meaningful work that fits their talents and passions.
What is motivation?
These are dispersed according to each person's comparative advantage. They are not centralized or decentralized, rather they flow to and from individuals based on the profitability and timeliness of decisions.
What are authorities?