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asked Oct 22, 2021 in Business Studies by
Jaasritha (44.3k points) What is Subordination of Individual Interest into Organisational Interest?
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answered Oct 22, 2021 by
MansiKashyap (47.2k points) Best answer Subordination of individual interest into organisational interest means the interest of an individual must be given less importance than the interest of the organisation. ← Prev Question Next Question → Find MCQs & Mock Test
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... What is subordination of individual interest into organizational interest?Subordination of Individual Interests to General Interest is one of Fayol's fourteen administrative principles where any individual's interest that conflicts with an organizational interest must be subordinated to the interests of the organization.
Why is subordination of individual interest important?It aims to harmonize the individual interest with the organizational goals so that employees' individual interests, as well as organizational goals, both are achieved at the same time.
What is subordination of interest?A subordination agreement acknowledges that one party's claim or interest is superior to that of another party in the event that the borrower's assets must be liquidated to repay the debts.
What is subordination in management?A subordinate role in a workplace means that the person reports to someone else. A subordinate is an employee who ranks below another employee within the corporate hierarchy. The specific roles and duties of the subordinate depend on their level and the business and industry.
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What is subordination of individual interest into organizational interest example?
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