New Belgium Brews Success through Employee Ownership
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1. What principles and practices of employee empowerment are illustrated by the way New Belgium uses an employee stock ownership plan? |

1
Here is a tip:
Employee empowerment determines the encouragement and motivation of the employees to achieve organizational goals.
Explanation
Company NB exemplifies the following methods to ensure employee empowerment:
It considers the employees to be valuable to Company NB by building the knowledge and skill set of the employees and by sharing the goals and visions of the company with the employees.
It may ensure that the employees become responsible and answerable for the work by enabling encouraging the employees to participate in decision-making.
Company NB's interaction with the employees increases the performance of the company. It may encourage the employees to work for the betterment of Company NB.
Company NB may recognize and reward the employees for their efforts and contributions. This keeps the employees satisfied and motivated.
Verified Answer
The values of employee empowerment in Company NB on using stock option may include:
The employees add to the value of Company NB by improving the performance after owning the stock of Company NB.
Stock possession may encourage the employees to become responsible for the work.
Stock possession may keep the employees motivated and engaged in achieving the unified objective of Company NB.
The employees may provide innovative and creative ideas to Company NB for its growth and development when they are stock owners.
2
Explanation
The company may be benefitted by training the employees in the following ways:
Training may help the company to enhance the skills and knowledge of the employees with respect to financial statements and so on. The employees may understand the excess cost involved in the company's expenses and try to work on reducing the cost. So, the employees may be able to achieve the organizational goals efficiently.
The company's performance and productivity may be augmented with the enhanced learning of the employees through effective training and development programs. When there is increased productivity, then the organizational goals may be achieved.
Sample Response
The training program may help the company in the following ways:
Training is provided to the employees to make them acquire financial knowledge and understand the business strategy of Company N.
The employees may be able to improve their performance with the aid of training and development programs, which helps to achieve organizational goals efficiently.