In a particular company, no importance had been attached to the suggestions given by the subordinates. In 2014, the company appointed Mr Lotus as its Chief Executive Officer. He was an M.B.A. degree-holder from I.I.M. Ahmedabad with an experience of a decade. On assuming the charge of his office, he started a sort of campaign asking for suggestions from every big or small employee of the company. In a very short time, there were about 10,000 suggestions. After studying them intensively, about 1500 suggestions were implemented in different fields. This campaign fetched the company an additional profit of 50 crore rupees.
1. What principle of management will have been working behind Mr Lotus’ thinking?
2. What will be the effect of implementing these suggestions on the employees?
