Question

Organisations which did not show responsibility towards investors

Answer 1

Pal Lyrics. Hmm… Pal ek pal mein hi tham sa gaya Tu haath mein haath jo de gaya Chalun main jahaan jaaye tu Daayein main tere, baayein tu Hoon rut main, hawayein tu

Answer 2

If we look at the historical perspective, prior to the First Industrial Revolution, the industries were owned and managed by one or more people and the employers maintained close relations with their workers. This healthy worker – employer relation was demolished by the onset of Capitalism. The Industrial Revolution (1750 – 1850) was a period of change and transformation from hand made products to machine made products. Production started taking place on a large scale, which resulted in rise in pollution levels, working conditions deteriorated and there was a rise in the employment of women and children.

During this phase, Socialist Robert Owen’s name is noteworthy. He tried to improve the lives of his employees, by increasing their pay and providing them with better working conditions. He was also the first person to say that children below 11 years of age would not be allowed to work in his factory. Due to his humanistic approach, the title of ‘Father of Personnel Management’ is bestowed upon him. In 1835, another industrialist Andrew Ure stressed the importance of human factor and provided his employees with benefits like Tea, medical treatment and sickness payments. In Indian context, it was J.N Tata who in the year 1886 instituted a Pension fund for his workers and in 1895, he introduced accident compensation. These were the small beginnings in the direction of being socially responsible towards employees. The Human Relations Movement gave impetus to the employee centric approach of management. The Great Depression in 1929 in America and the Labour movement contributed in developing good employer – employee relations. It believed in treating employees as human beings and not machines. Employee’s feelings, sentiments, ambitions were duly recognized and they were involved in the decision making process. The Behavioral Science Approach also stressed on the importance of employees in the success of an organization.