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PRINCIPLES OF MANAGEMENT — OCM STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceOCMPRINCIPLES OF MANAGEMENT5 Marks
Question
Explain subordination of individual interest to the general interest.
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Answer

Subordination of individual interest to the general interest:
  • This principle states that ‘general interest’ is superior to ‘individual interest’.
  • This principle tells that interest of whole unit should be kept in focus rather than interest of individual or group of employees.
  • The manager must try to integrate the individual goal with the organizational goal in such a manner that both the objectives are accomplished with efficiency and effectiveness.

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