Final Answer:
Jeffrey Pfeffer says that managers in top performing companies used all of the following ideas to achieve financial performance that on average was forty percent higher and that of other companies EXCEPT laying off employees as a primary strategy to attain this success.
Step-by-step explanation:
Jeffrey Pfeffer's research highlighted several practices adopted by managers in top-performing companies that contributed to achieving substantially higher financial performance. These practices often included elements like providing job security, offering competitive wages, promoting employee well-being, fostering a positive work culture, and investing in workforce development.
However, Pfeffer's findings notably did not emphasize laying off employees as a primary strategy for improving financial performance. In fact, his work often advocated for strategies that focused on valuing and retaining employees as crucial assets, contrasting the common misconception that downsizing or layoffs directly correlate with improved financial performance.
The successful companies identified by Pfeffer tended to prioritize strategies that empowered their workforce, fostered employee engagement, and enhanced job satisfaction, leading to increased productivity and ultimately better financial performance. Therefore, while Pfeffer highlighted several effective strategies, layoffs or downsizing were not among the approaches used by managers in top-performing companies to achieve significantly higher financial results.