Benefits of Empowerment - Mgmt 360

Benefits of empowerment.

Employee empowerment can be a very powerful tool for the organization if used properly. It can bring different kinds of benefits to the business. The main benefit of course is the improvement in general performance and efficiency of the business. Implementing empowerment into business becomes more and more popular nowadays, because managers started to understand the power of this system.

The most important goal of any business is to maximize its profit. This can be accomplished in many ways like: minimizing costs, hiring more efficient employees, entering new markets, and also employee empowerment. Employee empowerment is actually very effective and at the same time very cheap way to lower company's costs. Empowered employees...