Employee-owned Enterprise (Noun)
Meaning
A commercial enterprise owned by the people who work for it.
Classification
Nouns denoting acts or actions.
Examples
- The company transitioned to an employee-owned enterprise after the founder retired, allowing workers to have a stake in the business's success.
- The employee-owned enterprise model has been shown to increase worker morale and productivity, as employees have a direct interest in the company's profits.
- As an employee-owned enterprise, the business is governed by a board of directors elected by the employees, who make decisions that benefit the collective ownership.
- After the initial investment, the company grew rapidly as an employee-owned enterprise, with workers reaping the financial benefits of their hard work.
- The employee-owned enterprise model is becoming more popular as workers seek greater control over their employment and a share of the company's profits.