'Vanguard Inc.', a company manufacturing footwear for men, ...

CBSE Class 12 Business Studies 2024 All Sets Solved Paper

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'Vanguard Inc.', a company manufacturing footwear for men, women and children has been earning consistent profits for the last many years. It has a democratic style of working. Workers are encouraged to develop and carry out plans for improvement in the organisation. Varun who is working in the production department gave a suggestion which resulted in 10
Identify the principle of management followed by 'Vanguard Inc.' in the above case:

Esprit De Corps
Subordination of Individual Interest to General Interest
Initiative
Equity

Solution:

This is evident from the fact that the company encourages its workers, like Varun, to develop and implement plans for improvement within the organization. Varun's suggestion resulting in a 10

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