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Entrepreneurial Planning — Entrepreneurship STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceEntrepreneurshipEntrepreneurial Planning5 Marks
Question
While doing the manpower planning an entrepreneur, decides to keep less qualified manpower and give them low wages and salaries to enable higher profits. Do you think his/ her approach is correct and justified, why?
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Answer

No, this approach of the entrepreneur is incorrect. This is because:
  1. In such situation he will not be utilising the resources fully and this will mean more likely wastage of the resources.
  2. Entrepreneur will be not fulfilling his responsibility of doing social service.
  3. He will not be doing social justice as he will be exploiting the people for his selfish motive.
  4. He is also not following self control. Self control is a essential trait for the long term success of the enterprise.

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