Question

Fers Pvt Ltd is an organisation which is governed by people who are egoistic and consider themselves as the most intelligent.All the suggestions made by the workers are not even attended which has resulted in many strikes. which resulted in lack of productivity. Later the company conducted a training module for the employees so that their individual development can take place.This training module which is n ow to be followed at the main branch will be later given a uniform format and will be applied to all branches of the organisation.
Identify the principle of management which is violated initially and the principle of scientific management which is followed later on? WHich concept of scientific management is also mentioned?Explain each principles.

Answer 1

Answer:

A private limited company is a type of business entity in "private" ownership used in many jurisdictions, in contrast to "public" ownership, with some differences from country to country. Private limited companies have a limited number of employees which normally is 50. Examples include LLC in the US, private company limited by shares in the UK, GmbH in Germany or společnost s ručením omezeným in the Czech Republic.The benefit of having a private limited company is that there is limited liabilities and depending on each one’s point of view this next point could either be a benefit or a disadvantage. Shares can only be sold to shareholders in the business that means that it can be difficult to liquidate them.