Show Para
Explain the following principles of management:
© examsnet.com
Question : 7
Total: 8
Subordination of Individual Interest of General Interest.
Solution:
Subordination of individual interests over general interest: According to this principle, interest of the organisation as a whole must prevail over the interest of the individuals or employees. In an organisation every individual has his own interests. This principle demands that each individual should sacrifice his personal interests for achieving organisational objectives. Organisation is supe-rior to individuals. In case, individual interests and organisational interests differ, it is the duty of the management to reconcile them. If reconciliation is not possible then general interests must supersede individual interests.
For e.g. If a manager's objective is to earn more salary and company is going through financial crisis and wants to cut down its expenses, then manager must sacrifice his interest.
For e.g. If a manager's objective is to earn more salary and company is going through financial crisis and wants to cut down its expenses, then manager must sacrifice his interest.
© examsnet.com
Go to Question: