PARTICIPATIVE MANAGEMENT:
ADVANTAGES OF PARTICIPATIVE MANAGEMENT:
Both employees and organization reap advantages from participative management in the following manner:
(i) Creates sense of identity and belongings of employees towards organization which motivate them to show better performance.
(ii) Better performances increase economic lot that leads to increased wages, incentives and higher standard of living.
(iii) Creative ideas creep which improve quality of decision making.
(iv) Establish good communication system between workers and management.
(v) Develop a sense of commitment to decision to which workers are party.
(vi) Create an environment of cordial and harmonious employer-employee relations.
(vii) Develop team spirit.
(viii) Improvement of quality consciousness among the employees.
(ix) Reduction in grievances due to better communication.
(x) Better attendance and punctuality growth.
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