Core principles of Multiple Management
McCormick developed his system during the Great Depression to boost morale and productivity. The program is characterized by:Â
- Junior advisory boards: The system creates junior boards of directors and other advisory boards made up of employees. These boards meet regularly, research company issues, and present their proposals to the senior board of directors.
- Employee inclusion: The multiple management system is designed to give all employees—not just managers—a voice and a sense of belonging in the company. The book’s title emphasizes that a company’s greatest resource is its people.
- Equitable profit sharing: McCormick’s plan also advocated for a more equitable distribution of company profits among all employees.
- Increased productivity: By tapping into the ingenuity and enthusiasm of the workforce, McCormick showed how involving employees in decision-making could lead to significant improvements in efficiency and working conditions.
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