question_answer

Blue Pharmacy is a company engaged in the production of life-saving drugs. The company has no internal system of performance appraisal and for the past two years, it has not declared any incentives or bonus to its employees, inspite of enormous profits. One of its employee, Mr Sangeet has discovered a new medication for 'dengue' during in-house research. The company has got patent on it in its own name and no reward or compensation was given to Sangeet. All these factors have de-motivated the employees and the company is started facing the problem of high employee turn-over rate, increased absenteeism, falling levels of productivity, etc. Due to a combined result of all these factors, Blue Pharmacy was not able to meet its organisational objectives.

(i) Design a control plan suggesting measures to Blue Pharmacy to be able to achieve its objectives.

(ii) After controlling these factors what values are being satisfied?

 

Answer:

(i) Under such circumstances, Blue Pharmacy should implement a control plan covering following points: [a] Performance based appraisal system should be introduced. [b] Employees like Mr Sangeet should be given due acknowledgment for their achievements. [c] Proper communication of tasks should be made and feedback should be collected from time to time. (ii) Following values are satisfied: (any two) [a] Orderliness                [b] Discipline [c] Honesty                    [d] Commitment and hard work