Scope of industrial economics
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rudraverma86pdmdpg Ace
Industrial Economics is the study of firms, industries, and markets. It looks at firms of all sizes – from local corner shops to multinational giants such as WalMart or Tesco. And it considers a whole range of industries, such as electricity generation, car production, and restaurants.
The primary objective of industrial relations is to maintain and develop good and healthy relations between employees and employers or operatives and management. 4. Secondary Objectives of Industrial Relations. Establish and foster sound relationship between workers and management by safeguarding their interests.
Industrial relations in organizations is the sum total of the management's attitude to labour and of labour's attitude to management's policies and practices that affect the interests of the employees. Industrial relations are, basically, interactions between management and union(s). They involve continuous dialogue between the two sides on various issues of common interest; through such dialogues, the two sides shape each other's attitudes. The approach, methods, strategies and techniques, etc., of management in achieving the desired objectives vary from one organization to another. This is especially true in regard to productivity improvement through industrial relations. It is, therefore, primarily the responsibility of managements to develop industrial relations with workers and the unions so as to promote productivity on a continuing basis.

rudraverma86pdmdpg Ace
Industrial Economics is the study of firms, industries, and markets. It looks at firms of all sizes – from local corner shops to multinational giants such as WalMart or Tesco. And it considers a whole range of industries, such as electricity generation, car production, and restaurants.
The primary objective of industrial relations is to maintain and develop good and healthy relations between employees and employers or operatives and management. 4. Secondary Objectives of Industrial Relations. Establish and foster sound relationship between workers and management by safeguarding their interests.
Industrial relations in organizations is the sum total of the management's attitude to labour and of labour's attitude to management's policies and practices that affect the interests of the employees. Industrial relations are, basically, interactions between management and union(s). They involve continuous dialogue between the two sides on various issues of common interest; through such dialogues, the two sides shape each other's attitudes. The approach, methods, strategies and techniques, etc., of management in achieving the desired objectives vary from one organization to another. This is especially true in regard to productivity improvement through industrial relations. It is, therefore, primarily the responsibility of managements to develop industrial relations with workers and the unions so as to promote productivity on a continuing basis.
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