Employee ownership is characterized by which of the following?

Employee ownership is characterized by a broad cross-section of employees owning a company. This form of ownership fosters a sense of involvement and accountability among employees, as they not only contribute to the company's operations but also share in its financial success.

In an employee-owned company, ownership is typically distributed among many employees rather than being concentrated in the hands of a few individuals, such as only management or upper management. This inclusive approach can enhance motivation, as employees may be more invested in the company’s performance and future success when they have a direct stake in it. Additionally, employee ownership can lead to improved collaboration and a more engaged workforce, as employees feel valued and empowered in their roles.

The aspect of broad employee ownership contrasts sharply with other ownership models that may limit ownership to specific groups, such as management or upper executives, thereby excluding the wider employee base from shares or stakes in the company. By being inclusive, employee ownership can drive innovation and productivity, aligning the interests of employees and the organization more closely.