1.1 INTRODUCTION
1.2 OBJECTIVES
1.3SCOPE OF THE STUDY
1.4 LIMITATIONS OF STUDY
1.5 RESEARCH METHODOLOGY
1.1 INTRODUCTION
Workers’ participation in management is an essential ingredient of Industrial democracy. The concept of workers’ participation in management is based on Human Relations approach to Management which brought about a new set of values to labor and management. Traditionally the concept of Workers’ Participation in Management (WPM) refers to participation of non-managerial employees in the decision-making process of the organization. Workers’ participation is also known as ‘labor participation’ or ‘employee participation’ in management. In Germany it is known as co-determination while in Yugoslavia it is known as self-management. The International Labor Organization has been encouraging member nations to promote the scheme of Workers’ Participation in Management.
Workers’ participation in management implies mental and emotional involvement of workers in the management of Enterprise. It is considered as a mechanism where workers have a say in the decision-making.
Definition: According to Keith Davis, Participation refers to the mental and emotional involvement of a person in a group situation which encourages him to contribute to group goals and share the responsibility of achievement.
According to Walpole, Participation in Management gives the worker a sense of importance, pride and accomplishment; it gives him the freedom of opportunity for self-expression; a feeling of belongingness with the place of work and a sense of ‘workmanship and creativity.
The two major aspects of enterprise are ownership and control. Ownership and control had been treated as inseparable and almost one phenomenon in the early stage of industrial development. However, the present environment is different and the 'terms ' have come into two distinct usages and practices. Shareholders of the company, these days, are just the owners and do not
Bibliography: BOOKS * Zivan tanic Workers participation in management 1969 * M msuthafa, onkar sharma workers participation in management, concept and practices Deep and Deep publications 01 jan 1998 WEBSITE * http://learnmba.blogspot.in/2011/06/workers-participation-in-management.html