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What do you think about the practice of “open-book management”

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Question 1:  What do you think about the practice of “open-book management”? What would you think about it if you were running your own company?  
 Question 2:  Have you ever made or seen mistakes due to people not speaking a common language well? How do you, or will you, deal with others who do not speak the same language as you? Be sure to consider suggestions made by Nancy J Adler, an international management consultant. 

 
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