27. Mr. Ram Murti, the director of Bahuguna Ispat Udyog Ltd. is of the opinion that
an employee is a prudent and sensitive resource of the organisation. As such
special attention must be paid to his emotions. This is the reason why Mr.
Bahuguna always formulates such plans are beneficial to both the employees
and the organisation. With a view to giving a practical shape to his opinion, he
has chalked out a plan. According to this plan, employees should be inspired to
visit popular management institutes to acquire the latest knowledge. This will
enhance their performance level and prove beneficial to the organisation as well
as the employees. Keeping it in view, Mr. Bahuguna, contracted (IM, Ahmedabad
The latter agreed, on the undertaking that their IM) MBA students be allowed to visit
the company so that they may get practical knowledge. Both reached an
agreement
i What objective of the management has been referred to at the beginning of
the above paragraph? Identify it.
The plan of Mr. Bahuguna relates to which component of management? Identify
and describe the same.
ii What value is being effected here?
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