An environmental conscious multinational company "AXN Ltd." follows ce

1.	An environmental conscious multinational company "AXN Ltd." follows certain well defined business principles that results in minimizing the employee turnover. Following are some of the important environmental factors followed by 'AXN Ltd.' (1) Honour the law of the land in which it operates. (2) Respect the culture and customs of all nations. (3) Provide clean and safe products to enhance the quality of life throughout the world. (4) Develop a culture in the company that enhances individual creativity and team work while honouring mutual trust and respect between the management and the labour. From the above: (i) Identify and state any one general principle of management and any one dimension of business environment. (ii) Also identify any two values which the above guiding principles and environmental factors are conveying to the society.
Answer» (i) Principle of Management: (a) Stability of personnel (b) Espirit de Corps (c) Initiative Dimension of business environment: (a) Legal environment (b) Social environment (ii) Value being conveyed: (a) Respect for law (b) Cleanliness and hygiene (c) Raising standard of living (d) Secularism

An environmental conscious multinational company "AXN Ltd." follows certain well defined business principles that results in minimizing the employee turnover. Following are some of the important environmental factors followed by 'AXN Ltd.' (1) Honour the law of the land in which it operates. (2) Respect the culture and customs of all nations. (3) Provide clean and safe products to enhance the quality of life throughout the world. (4) Develop a culture in the company that enhances individual creativity and team work while honouring mutual trust and respect between the management and the labour. From the above: (i) Identify and state any one general principle of management and any one dimension of business environment. (ii) Also identify any two values which the above guiding principles and environmental factors are conveying to the society.

Answer»

(i) Principle of Management:

(a) Stability of personnel

(b) Espirit de Corps

Dimension of business environment:

(a) Legal environment

(b) Social environment

(ii) Value being conveyed:

(a) Respect for law

(b) Cleanliness and hygiene

(d) Secularism