ENTREPRENEURSHIP

Detailed explanation-1: -Idea in Brief. The executive committee is often officially responsible for making a company’s big decisions while another, unofficial group, led by the CEO, seems to hold the real decision-making power. Although that informal “kitchen cabinet” lacks a proper name, everyone knows who’s in it.

Detailed explanation-2: -Employee involvement ensures that, through a collaborative decision-making process, both the employees and the leadership team are responsible for the organization’s overall success. To achieve this, employee involvement is always done with a goal and purpose in mind.

Detailed explanation-3: -When employees are involved in making decisions, they gain a professional and personal stake in the organization and its overall success. This commitment leads to increased productivity as employees are actively participating in various aspects of the company and wish to see their efforts succeed overall.