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Explain the term Open book management in shortly.
Open book management:
The practice of sharing financial and performance information is frequently considered to as open book management. This is larger than many human resource practices as this combines a number of practices as like profit sharing, employ of bonus, training workers to understand the business. This management generally combines generous bonuses beyond competitive base pay for broad groups of workers while the firm’s goal is attained.
Intensity of the distribution (market coverage): The nature and intensity of the competition in the industry will determine the distribution pattern adopted by a firm. Some
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