Articles
PROFIT SHARE AS A MANAGEMENT TOOL FOR COMPETING, COOPERATING AND CARING
Article number
716_20
Pages
149 – 155
Language
English
Abstract
It is often taught that delegation lightens up the work and much to that, it makes work more efficient and effective.
The author, after 15 yrs. of flower growing as an owner operator, implemented this principle in a system of cost centres and profit share to motivate, teach and reward workers who wished to make this industry a vocation.
The ten subsequent years of financial reports incorporating refinements through experience forms the basis of this paper.
It is written to share the experience gained, which eventually led to the authors goal of selling the company at retirement age coincidentally to his managers.
The conference theme Competing, Cooperating and Caring is appropriately identified with a profit sharing management scheme: competing which means healthy competition among workers and other growers; cooperating being the combining of forces and working as a team; and caring which sums up as being considerate not only to the company, but to the industry that we are working with.
Plant or product specialization and cost efficiency are just some of its benefits.
Profit sharing focuses people on eliminating loss and increasing revenue.
The experience in this business also resulted in employees remaining loyal.
The author, after 15 yrs. of flower growing as an owner operator, implemented this principle in a system of cost centres and profit share to motivate, teach and reward workers who wished to make this industry a vocation.
The ten subsequent years of financial reports incorporating refinements through experience forms the basis of this paper.
It is written to share the experience gained, which eventually led to the authors goal of selling the company at retirement age coincidentally to his managers.
The conference theme Competing, Cooperating and Caring is appropriately identified with a profit sharing management scheme: competing which means healthy competition among workers and other growers; cooperating being the combining of forces and working as a team; and caring which sums up as being considerate not only to the company, but to the industry that we are working with.
Plant or product specialization and cost efficiency are just some of its benefits.
Profit sharing focuses people on eliminating loss and increasing revenue.
The experience in this business also resulted in employees remaining loyal.
Publication
Authors
R. Jordan
Keywords
cost centres, profit-share, manager, competing, cooperating, caring
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