You are the chief executive officer of a company that the government has just denationalized by selling the company's stock to the company's employees. In the past, any major decisions about company policy required approval by a government agency, which was time-consuming. Wages and salaries had been established by reference to civil service "equivalents," and incentive payments were unheard of. Maintenance of the plant and equipment was lax, breakdowns were frequent and expensive, and utility expenses were high.