Question

Mistakes managers will do while performance management

Answer 1

the chairman of fine textiles corporation faces a serious dilemma. His employees are demanding an average wage increase of 10% over present wages.Since profits are expected to be very small even at present cost levels, the management would not accept another increase in cost, unless prices are raised. Consumer groups however are pressing the firm to keep their prices at current level. Advise him. What do you think should be most socially responsible decisionin