Question

A firm is manufacturing Apparels and is running under heavy losses to recover from the lossest management thought of shifting the unit to a backward area where labour is available at a low cost management also asked the workers to work overtime without any additional payment and promised to increa the wages of workers after achieving its mission within a short period the company started earning prot because both themanagement and the workers honoured their commitments From the following options ider principle of management described in the above para (a) Discipline (b) Cooperation not individualism (c) Esprit de corps (d) Order​

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.