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ABC Ltd. is engaged in producing electricity from domestic garbage. There is almost equal division of work responsibility between worker and management. The management even takes workers into confidence before taking important decisions.
1. State the principle of management described in the above para.
2. Identify any two values which the company want to communicate to the society.
1. State the principle of management described in the above para.
2. Identify any two values which the company want to communicate to the society.
The principle of Taylor described in the above para is Co-operation, not Individualism. It sates that there should be complete co-operation between the labour and the management. Competition should be replaced by co-operation.
Value which the company wants to communicate to the society are:
(a) Good behaviour in human interaction.
(b) Concern for the environment.