Q8

8. X Ltd, a tyre manufacturing concern has been established for more than ten years. Having made good profits in the past, company wanted to expand further and hence did not declare bonus for the previous year. With this decision once the projects achieves a stable position. State relevant management principle of Fayol used by management.

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Solution

Dear student,
In the given situation, principle of 'subordination of individual interest to general interest'. According to this principle organisational goals should be given priority over personal interest of an organisation. The employees must ensure that their personal interest do not affect the overall organisational interst.

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