Archive for the ‘Decisions’ Category
However, it may be noted that it is on the basis of economic and social goals the performances of a business is judged. These are the pivoted points which businessmen are expected to consider, along with their own interests, when they are making decisions on production, pricing, selecting personnel, making inventories, and searching for funds and their investments. The questions a businessman must ask himself while taking a decision are: what this decision will mean in terms of the standard of living of the people? Will it increase their income and raise them above the poverty line to a comfortable level? Is it consistent with the economic policy of the state and progress? Does it promote economic stability and bring economic discipline among the employees? Is it good for personal security and bringing about the development of individual personality? Does it help to preserve and strengthen the law and order situation? Is it just and fair? Does it bring freedom to the employee? Does it help people toward self-realization? Is it good for the community? Is it good for and helpful towards nation integrity and security? Is it honorable?