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Business Environment, 1st Edition by Pearson
book

Business Environment, 1st Edition by Pearson

by A. C. Fernando
May 2024
Intermediate to advanced
688 pages
51h 31m
English
Pearson India
Content preview from Business Environment, 1st Edition by Pearson
In this chapter, we study labour as a factor of production and the
most important human resource. After reading this chapter, we will
understand and appreciate the role of labour in the creation of wealth
and the need to maintain cordial labour relations for the overall
prosperity of the society.
An organization needs both capital and labour to create wealth.
Earlier, capital was considered to be the most important factor for
a business to succeed. Today, the need includes labour as well.
The conventional shareholder primacy model left out the role
of the employees in the creation of wealth. The Western reform
advocates promoted the concept ...
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Publisher Resources

ISBN: 9781299446762Publisher Website