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ABC Ltd. is engaged in producing electricity from domestic garbage. There is almost equal division of work and responsibilities between workers and the management. The management even takes workers into confidence before taking important decisions. All the workers are satisfied as the behaviour of the management is very good. State the principle of management described in the above paragraph. Identify any two values which the company wants to communicate to society.?
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ABC Ltd. is engaged in producing electricity from domestic garbage. Th...
Principle of Management:
The principle of management described in the above paragraph is 'Democratic management style'. This style of management involves the active participation of workers in decision-making and equal distribution of responsibilities between workers and management.
Values communicated to society:
1. Respect for workers: The company communicates the value of respect for workers by involving them in decision-making and treating them equally in terms of responsibilities. This shows that the company values its workers and considers them an important part of the organization.
2. Collaboration: The company communicates the value of collaboration by working together with workers to make important decisions. This shows that the company believes in the power of collaboration and teamwork to achieve its goals.
Explanation:
Democratic management style is a type of leadership style that involves the participation of workers in decision-making. In this style of management, workers are treated as equal partners and are given equal responsibilities. The management takes workers into confidence before taking important decisions, which helps in building trust and respect between workers and management.
By practicing democratic management style, the company communicates the value of respect for workers and collaboration to society. Respect for workers is an important value that every organization should have, as it helps in building a positive work culture and motivates workers to perform better. Collaboration is another important value, as it helps in achieving common goals by working together as a team.
In conclusion, the democratic management style followed by ABC Ltd. is a good example for other companies to follow. It emphasizes the importance of treating workers with respect and involving them in decision-making, which can lead to a more motivated and productive workforce.
The principle of management described in the above paragraph is 'Democratic management style'. This style of management involves the active participation of workers in decision-making and equal distribution of responsibilities between workers and management.
Values communicated to society:
1. Respect for workers: The company communicates the value of respect for workers by involving them in decision-making and treating them equally in terms of responsibilities. This shows that the company values its workers and considers them an important part of the organization.
2. Collaboration: The company communicates the value of collaboration by working together with workers to make important decisions. This shows that the company believes in the power of collaboration and teamwork to achieve its goals.
Explanation:
Democratic management style is a type of leadership style that involves the participation of workers in decision-making. In this style of management, workers are treated as equal partners and are given equal responsibilities. The management takes workers into confidence before taking important decisions, which helps in building trust and respect between workers and management.
By practicing democratic management style, the company communicates the value of respect for workers and collaboration to society. Respect for workers is an important value that every organization should have, as it helps in building a positive work culture and motivates workers to perform better. Collaboration is another important value, as it helps in achieving common goals by working together as a team.
In conclusion, the democratic management style followed by ABC Ltd. is a good example for other companies to follow. It emphasizes the importance of treating workers with respect and involving them in decision-making, which can lead to a more motivated and productive workforce.
Community Answer
ABC Ltd. is engaged in producing electricity from domestic garbage. Th...
Centralisation and Decentralisation.
1. protecting environment.
2. Social development
1. protecting environment.
2. Social development
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ABC Ltd. is engaged in producing electricity from domestic garbage. There is almost equal division of work and responsibilities between workers and the management. The management even takes workers into confidence before taking important decisions. All the workers are satisfied as the behaviour of the management is very good. State the principle of management described in the above paragraph. Identify any two values which the company wants to communicate to society.?
Question Description
ABC Ltd. is engaged in producing electricity from domestic garbage. There is almost equal division of work and responsibilities between workers and the management. The management even takes workers into confidence before taking important decisions. All the workers are satisfied as the behaviour of the management is very good. State the principle of management described in the above paragraph. Identify any two values which the company wants to communicate to society.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about ABC Ltd. is engaged in producing electricity from domestic garbage. There is almost equal division of work and responsibilities between workers and the management. The management even takes workers into confidence before taking important decisions. All the workers are satisfied as the behaviour of the management is very good. State the principle of management described in the above paragraph. Identify any two values which the company wants to communicate to society.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for ABC Ltd. is engaged in producing electricity from domestic garbage. There is almost equal division of work and responsibilities between workers and the management. The management even takes workers into confidence before taking important decisions. All the workers are satisfied as the behaviour of the management is very good. State the principle of management described in the above paragraph. Identify any two values which the company wants to communicate to society.?.
ABC Ltd. is engaged in producing electricity from domestic garbage. There is almost equal division of work and responsibilities between workers and the management. The management even takes workers into confidence before taking important decisions. All the workers are satisfied as the behaviour of the management is very good. State the principle of management described in the above paragraph. Identify any two values which the company wants to communicate to society.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about ABC Ltd. is engaged in producing electricity from domestic garbage. There is almost equal division of work and responsibilities between workers and the management. The management even takes workers into confidence before taking important decisions. All the workers are satisfied as the behaviour of the management is very good. State the principle of management described in the above paragraph. Identify any two values which the company wants to communicate to society.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for ABC Ltd. is engaged in producing electricity from domestic garbage. There is almost equal division of work and responsibilities between workers and the management. The management even takes workers into confidence before taking important decisions. All the workers are satisfied as the behaviour of the management is very good. State the principle of management described in the above paragraph. Identify any two values which the company wants to communicate to society.?.
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ABC Ltd. is engaged in producing electricity from domestic garbage. There is almost equal division of work and responsibilities between workers and the management. The management even takes workers into confidence before taking important decisions. All the workers are satisfied as the behaviour of the management is very good. State the principle of management described in the above paragraph. Identify any two values which the company wants to communicate to society.?, a detailed solution for ABC Ltd. is engaged in producing electricity from domestic garbage. There is almost equal division of work and responsibilities between workers and the management. The management even takes workers into confidence before taking important decisions. All the workers are satisfied as the behaviour of the management is very good. State the principle of management described in the above paragraph. Identify any two values which the company wants to communicate to society.? has been provided alongside types of ABC Ltd. is engaged in producing electricity from domestic garbage. There is almost equal division of work and responsibilities between workers and the management. The management even takes workers into confidence before taking important decisions. All the workers are satisfied as the behaviour of the management is very good. State the principle of management described in the above paragraph. Identify any two values which the company wants to communicate to society.? theory, EduRev gives you an
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