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In addition, the company avoided layoffs by increasing work hours and instituting a transfer system within the company. HP also instituted a policy of “management by objectives” or MBO. The greatest advantage to this policy was that while it did set goals for employees and groups, it was not a specific task set handed out by management. It was a set of goals which could be achieved in multiple ways and allowed the employees to grow in their own way to some extent. It was decentralizing in some ways to the company but in the big picture it was a positive step for management to take. In terms of management style, the company was committed to teamwork...
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