Principle of Management Violated:
The principle of fairness and equity is being violated in this scenario.

Values Ignored by Ramesh:
Ramesh is ignoring the values of integrity, honesty, and respect for others' contributions.

Consequences:
The consequences of Ramesh's behavior can be detrimental to both the organization and the individuals involved.

1. Negative Work Environment: Ramesh's actions create a negative work environment where employees feel undervalued and demotivated. This can lead to decreased productivity, lack of teamwork, and an overall decline in employee morale.

2. Lack of Trust: Suresh will lose trust in Ramesh due to his dishonest behavior. The lack of trust can create a significant barrier to effective communication and collaboration between the supervisor and the employee. It can also erode trust among team members, leading to a dysfunctional work environment.

3. Loss of Motivation: When Suresh's ideas and contributions are not acknowledged, he may become demotivated and lose interest in providing innovative suggestions. This can result in a missed opportunity for the organization to benefit from his valuable insights and ideas.

4. Decreased Employee Engagement: If Ramesh continues to take credit for Suresh's ideas, it may discourage other employees from actively participating in discussions or sharing their suggestions. This can hinder creativity, innovation, and overall employee engagement.

5. High Employee Turnover: The unfair treatment by Ramesh can lead to high employee turnover. Talented employees like Suresh may seek opportunities elsewhere, where their contributions are recognized and appreciated. This can result in a loss of skilled personnel and increased recruitment and training costs for the organization.

6. Negative Reputation: Ramesh's behavior can also tarnish the organization's reputation. Word may spread about the unfair practices within the organization, making it difficult to attract and retain top talent. It can also impact the organization's relationships with clients, partners, and stakeholders.

In conclusion, Ramesh's failure to acknowledge Suresh's contributions and taking credit for his ideas violates the principle of fairness and equity. The consequences of this behavior can be detrimental to the organization, leading to a negative work environment, lack of trust, decreased motivation, decreased employee engagement, high turnover, and a negative reputation. It is essential for Ramesh to recognize and appreciate Suresh's contributions to foster a positive and collaborative work culture.