Beni, after completing her MBA, took up a job with a multinational company aimed 'Fortio'. The company was paying good salary and perks to its employees. the wages were within the paying capacity of the Company that provided the employees a reasonable standard of living. The company also had a good work - culture and the behavior of superiors was very good towards their subordinates. Beni was very happy in this organisation, but due to long working hours she did not have time
to cook her meal. She had to depend upon outside food, which was
deteriorating her health.
She observed that this problem was faced by many of her colleagues, not only in her company but also in many other companies. This was because of increase in the number of working women and non-availability of hygienic home -cooked food to office goers at a reasonable price. At the end of the day she was also distributing the left - over food in the nearby night-shelters.
(a) State the dimension of business environment being discussed above.
(b) State the principle of management being followed by 'Fortio'.
(c) identify any two values being communicated by the company to the society in the above case

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Solution

(a) The dimension of business environment being discussed is 'Social Environment.
(b) The principle of management being followed by 'Fortio' is 'Remuneration of Personnel as they give good salaries and perks to its employees.
(c) The following are the two values being communicated by the company to the society:
i. Fair remuneration to employees as the company was paying good salary and perks to its employees.
ii. Good working environment as the behaviour of superiors was very good towards their subordinates.

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Questions
1. Identify the Principles of Management (out of 14 given by Henry Fayol) that were being violated by the company.
2. Explain these principles in brief.
3. What steps should the company management take in relation to the above principles to restore the company to its past glory?

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