Final answer:
Collective ownership is a concept in which employees have a stake in the company and participate in its governance and profits. It promotes collaboration and shared success among employees. An example is an employee-owned cooperative where workers collectively own and run the business.
Step-by-step explanation:
The KCS concept of Collective Ownership refers to the idea of shared responsibility and decision-making within an organization or business. In a collective ownership model, employees have a stake in the company and participate in its governance and profits. This model promotes a sense of unity, collaboration, and shared success among the employees.
An example of collective ownership is an employee-owned cooperative where the workers collectively own and run the business. They make decisions together, share profits, and have equal say in the organization's operations. This ensures that the benefits of the business are distributed among all employees rather than being concentrated in the hands of a few.
Overall, collective ownership fosters a sense of empowerment, motivation, and engagement among employees, leading to better performance and a healthier work environment.