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B.Com 2nd Year MANAGEMENT SPEAKS TO THE GRADUATES Lecture - 13

XIII. management speaks to the graduate
Clarence B. Randall
In this article, the author, Clarence B. Randall, gives a very sound and practical advice to those young graduates who aspire to take up some job in the sphere of industrial relations. He believes that men are more important than machines and need a very careful and tactful handling by the managers of industries. Good and harmonious relations are essential for the smooth functioning of industrial enterprises. Without their smooth running, the objective of ‘social gain’, in its proper sense, will remain a dream.


Short questions

Ques 1)
What is meant by ‘bargaining by  exhaustion?
Ans :
It is a new tactic adopted by clever, hard union bargainers, at the negotiating to gain their ends. They deliberately try to begin to tire out(exhaust) the management man at the bargaining table by unduly prolonging the negotiations. By this they hope to hamper his powers of thinking and judging clearly so that finally he may concede all their demands, so sign the contract with workers.
The writer does not approve of this clever trick used by union leaders. It goes against the spirit of collective bargaining.


Ques 2)
What are Randall’s views on ‘wages’ and ‘social gain’ ?
Ans :
According to the writer, effort is the counterpart to wages and hence there should be no wages without the performance of work or services. The writer feels that in its best sense, the phrase ‘social gain’ means gain by all. It does not mean taking from some to give to others.









Long Question

Ques 1)
What training or qualities are required in the Graduation who wants to enter the field of Industrial relations ?
OR
What is the writer’s advice to the Graduate who wants to enter the specialised field of Industrial Relations ?

Answer :
The writer recommends good human relations in industry. It is because people are rare important than machines. No doubts it is the age of machines and we are proud of mechanical or technical progress. But human problems are so important that they stand as a challenge to good human relations. Therefore this field has become specialised and intelligence as well as fact are required in the Graduate who enters this field.

Qualities :-
What sort of education and training are needed for this specialised job are as under :

1)Philosophy .
The work of industrial relations requires that a person should be educated and trained. First of all he must have a philosophy of his own to guide his line. It may be collectivism where there is importance of government role it may be communism where importance is given to the role of workers and distructions of private enterprises. Thirdly the graduate may be in favour of free enterprise and private management which brings happiness to the largest number.


  2)Knowledge of Economics.
The Graduate must have the knowledge of the simple basic facts of economics. It means productions has to be increased before demanding more share in the produce for the workers, out of the output. In other words, he must recognised the fact that social gain all.



3)Freedom.
The Graduate must recognise the fact that the preservation of free enterprise requires freedom for all the parties, the management and the worker. Strikes and lockout are therefore clear evidences of this freedom. All disputes should be resolved through either negotiations or arbitration.

Video Lecture :- 13

 



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