Narayan Ltd laid down strictly ‘Only graduate and experienced candidates will be recruited’. As from past many years, company is recruiting freshers due to which the performance has declined constantly.
(i) Identify and briefly explain the type of plan mentioned in the above para.
(ii) Which values of a company were affected by recruiting freshers?
(i) Policy They are the general statements that guide decision-making. It defines the boundaries within which decisions are taken towards the accomplishment of objectives.
(ii) Because of the lack of experience, freshers were not able to perform well due to which company’s raw material, time, effort, money, all goes in vain. Values affected in the company are:
(a) Inefficient use of resources.
(b) Waste of time.