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Q. Show importance of workers participation in management?
Increased organization balance: if workers are invited to share in organization problems and to work towards common solutions a greater degree of organizational balance occurs because of decrease misunderstanding and individual and group conflict. Participation leads to increased understanding throughout the organization. People learn that others have problems besides themselves.
Reduced misunderstanding: participation helps dispelling employees misunderstanding about the outlook of management in industry. These misconceptions would otherwise die hard and their damaging effect needs no emphasis. In a addition the difficulties which management encounters in managing the enterprise will be appreciated by the employees.
Full Costs Full costs include all variable and fixed costs and costs at all activity stages in a corporation. It is the total cost of producing and selling products.
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