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Question

In order to maximise the profit margins, the board of directors of 'Gamma Ltd' has decided to cut down the cost of production, by using low-quality raw materials, low paid children and women labourers, increasing working hours for employees and discontinuing waste management. A group of labourers opposed the management for less wages paid to them. They are terminated from the organisation. Enumerate the values that a qualified management should adhere to. 


Solution

(i) The management should manage resources efficiently instead of using low quality raw materials.

(ii) Employment of children should not be allowed or accepted. Equal opportunity and wages should be given to men and workers and maintain harmony.

(iii) Instead of firing opposing labourers, their grievances should be listened to and they should be motivated and guided to work efficiently.

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