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Definition: Employee Ownership is a situation in which the employees of a company actually own the company or part of it. But the term is also used to indicate an attitude among an individual, group or the collective of employees towards their organization in which they feel responsible for its well-being, as if they were the owner.
Such a high employee motivation is conducive for solving any forthcoming problems and issues relatively easy, without the need for strict management.
Two ways of achieving EO are a participative leadership style and having an Employee Stock Ownership Plan.