TITLE

Partnership principles

PUB. DATE
July 2009
SOURCE
People Management;7/16/2009, Vol. 15 Issue 15, p19
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article features John Spedan Lewis, entrepreneur and founder of the John Lewis Partnership in Great Britain. Lewis was troubled by the fact that he and his father earned more money than all their employees put together, so he created a profit-sharing scheme and a staff representative council at Peter Jones in 1920, and eventually handed full ownership of the business to serving employees. Also known as partners, employees get time off to fulfil representative roles overseen by an independent department.
ACCESSION #
43741610

 

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