employee-owned enterprise

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Employee-Owned Enterprise

Definition: An "employee-owned enterprise" is a type of business that is owned by the people who work for it. This means that the employees have a share or ownership in the company, and they can make decisions about how the business is run.

Usage Instructions:

• Part of Speech: Noun
• How to Use: You can use "employee-owned enterprise" when talking about businesses where workers have ownership. It is often used in discussions about work environments, business models, or economic systems.

Example Sentence:

• "The new bakery in town is an employee-owned enterprise, meaning the staff has a say in how the business is managed."

Advanced Usage:

In discussions about economics or business ethics, you might say: - "Employee-owned enterprises often promote greater job satisfaction and loyalty among workers, as they have a direct stake in the company's success."

Word Variants:

• Employee Ownership (noun): The concept of employees owning part of the company.
• Employee-Owned (adjective): Describing a business that is owned by its employees.

Different Meanings:

• The term itself is quite specific and doesn't have multiple meanings, but it relates to broader concepts like "cooperatives" or "partnerships" where collective ownership is emphasized.

Synonyms:

• Worker-owned business
• Cooperative
• Employee cooperative

Idioms and Phrasal Verbs:

While there aren't specific idioms or phrasal verbs directly related to "employee-owned enterprise," you might encounter phrases like: - "In it together": This means that everyone shares responsibility or ownership in a situation, similar to how employees share ownership in an employee-owned enterprise.

Summary:

An employee-owned enterprise is a business model that empowers employees by giving them ownership and a voice in the company.

Academic

Noun

1. a commercial enterprise owned by the people who work for it

Synonyms

• employee-owned business