Answer:
Management by Objectives (MBO).
Explanation:
According to the statement, managers at Lowalt listen to their subordinates´ ideas, and the latter actively participate in setting goals and objectives. That is the fundamental characteristic of Management by Objectives (MBO), a model that seeks to optimize the performance of a company by adopting a series of objectives agreed by both owners and workers. Under this approach, employee participation makes the organization function harmoniously as a whole, as its internal interest groups would be aligned under agreed common purposes.
