Question

Voltech India Ltd. is manufacturing LED bulbs to save electricity and running under heavy losses. To revive from the losses, the management is thinking to shift the unit to a backward area where labour is available at a low cost. The management also asked the workers to work overtime without any additional payment and promised to increase the wages of the workers after achieving its mission. Within a short ** the company started earning profits because both the management and the workers honoured their commitments.

(a) State the principle of management described in the above para.

(b) Identify any two values that the company wants to communicate to the society.

Answer 1

(a) The principle of management described in the above para is Discipline.

Discipline is the obedience to organisational rules and employment agreement which are necessary for the working of the organisation.

(b) Values that the company wants to communicate to the society are:

(i) Concern for the environment

(ii) Development of backward regions.