GOVERNMENT INTERVENTION IN MARKET The Market Structures The complete economic activities are handled in four different market structures‚ namely perfect competition‚ monopolistic competition‚ oligopoly and monopoly. The nature and degree of competition varies among the all the above-mentioned four markets. In summarized manner we can describe that as the number of sellers increases‚ each firms’ ability to charge high prices reduces. If number of buyers increases then buyers practice
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Theories of industrial relations: The political theories of Unitarism and Pluralism The economistic theory The democratic and political theory The moral and ethical theory The Marxist theory 1. The political theories of Unitarism In unitarism‚ the organization is perceived as an integrated and harmonious whole with the ideal of "one happy family"‚ where management and other members of the staff all share a common purpose‚ emphasizing mutual cooperation. Furthermore‚ unitarism has a paternalistic
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INDUSTRIAL LABOUR Industrial labour is labour in industry‚ mostly understood as manufacturing‚ but can include related service workers‚ such as cleaners...(en.wikipedia.org/wiki/Industrial_labour) INDUSTRIAL labour is also one who are in the participation for the production of good and services and for the betterment of the company. In every industry many rights are given to the labour of all classes and many laws had been made ‚providing the labour their due rights in result of their effective
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GOVERNMENT INTERVENTION IN THE MARKET Content • Market failure and government failure • Competition policy • Public ownership‚ privatisation‚ regulation and deregulation of markets • Notions of equity • The problem of poverty • Government policies to alleviate poverty and to influence the distribution of income and wealth • Cost Benefit Analysis Market Failure • Markets fail for a number of reasons: – Externalities (social costs and social benefits) – Monopolies – Imperfect
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MALAYSIAN INDUSTRIAL RELATIONS INDUSTRIAL RELATIONS Definition Systems that encourage industrial harmony It is for the regulation of relations between employers and workmen or employees and their trade union and the prevention and settlement of trade disputes. Focus on 3 aspects: – – – Relation between employer and union Employment law Discipline procedures and terminating service contract Importance of IR One of the important aspects in human resource management To create a harmonious relation
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The term ‘Industrial Relations’ comprises of two terms: ‘Industry’ and ‘Relations’. “Industry” refers to “any productive activity in which an individual (or a group of individuals) is (are) engaged”. By “relations” we mean “the relationships that exist within the industry between the employer and his workmen.”―Industrial relations and personnel management are almost synonymous term with the only difference the former places emphasis on the aspect of employer relationship rather than on the executive
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University of the South Pacific MG204: Management of Industrial Relations Assignment: 1 **Lautoka Campus** Industrial relations is seen as the most subtle and complicated crisis of current industrial society. It is impossible for any organization to have harmonious working environment unless and until there is a heedful relationship and cooperation with labors. Hence‚ it is vital for all to have appropriate interest in generating fine relations between the two actors known as employers and employees
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Government Internet Intervention The Internet is a method of communication and a source of information that is becoming more popular among those who are interested in‚ and have the time to surf the information superhighway. The problem with much information being accessible to this many people is that some of it is deemed inappropriate for minors. The government wants censorship‚ but a segment of the population does not. During the past decade‚ our society has become based solely on the ability
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14 6.3.7 Mentoring 14 7 Industrial conflict and Dispute management 15 7.1.1 Conflict resolution skills 15 7.1.2 Grievance procedures 17 7.1.3 Legal requirements 18 7.1.4 Grievance resolution strategies 18 7.2 Negotiation process 18 7.2.1 Preparation 19 7.2.2 Initial demands 19 7.2.3 Negotiation 19 7.2.4 Deadlock 20 7.2.5 Agreement 20 8 Keeping IR policies and procedures update 20 8.1 Resources for the Industrial Relations 21 8.2 Reviewing the current
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| Bangladesh THE INDUSTRIAL RELATIONS ORDINANCE‚ 1969 (Ordinance No. 23 of 1969) (As amended up to 1996) An Ordinance to amend and consolidate the law relating to the formation of trade unions‚ the regulation of relations between employers and workmen and the avoidance and settlement of any difference or disputes arising between them. [pic] 1. Short title‚ extent‚ application and commencement.- (1) This Ordinance may be called the Industrial Relations Ordinance‚ 1969. (2) It extends
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