Question

Beni, after completing her MBA, took up a job with a multinational company aimed 'Fortio'. The company was paying good salary and perks to its employees. the wages were within the paying capacity of the Company that provided the employees a reasonable standard of living. The company also had a good work - culture and the behavior of superiors was very good towards their subordinates. Beni was very happy in this organisation, but due to long working hours she did not have time

to cook her meal. She had to depend upon outside food, which was
deteriorating her health.
She observed that this problem was faced by many of her colleagues, not only in her company but also in many other companies. This was because of increase in the number of working women and non-availability of hygienic home -cooked food to office goers at a reasonable price. At the end of the day she was also distributing the left - over food in the nearby night-shelters.
(a) State the dimension of business environment being discussed above.
(b) State the principle of management being followed by 'Fortio'.
(c) identify any two values being communicated by the company to the society in the above case

Answer 1

The business environment dimension discussed is the social environment, considering the challenges employees face with meals and lifestyle. Fortio follows the management principle of employee welfare, evidenced by competitive salaries and a good work culture. The company communicates values of corporate social responsibility and environmental stewardship to society.

Step-by-step explanation:

The scenario above encompasses several aspects of the business environment and principles of management. Beni's situation at the company 'Fortio' identifies specific dimensions of the business environment and the principles that the company abides by in its operations.

Business Environment Dimension

The dimension of the business environment being discussed is the social environment. The issues that Beni and her colleagues face, such as long working hours and a lack of access to home-cooked meals, represent the social challenges that can influence both the productivity and well-being of employees. This also highlights the growing number of working women and the societal shifts in meal consumption and preparation.

Management Principle

The principle of management being followed by 'Fortio' is employee welfare. This is evident from the good salaries, perks, work culture, and treatment of employees which contribute to a reasonable standard of living, showcasing the company's commitment to the well-being of its workforce.

Values Communicated to Society

• Corporate social responsibility: By distributing leftover food to night-shelters, the company demonstrates a commitment to the community and the less fortunate.
• Environmental stewardship: By efficiently using leftover food, the company is indirectly promoting the reduction of food waste, a key aspect of environmental conservation.