Everything you need to know about the approaches to industrial relations. Industrial relations refer to the collective relationship between management, employees and government in any organization. It deals with the people at work. Approaches to Industrial Relations is a comprehensive field of study, subtle as well as gross, a vast area of interactions, actions and reactions which affect not just [...]
In India various methods for the prevention and settlement of industrial disputes operate at two levels: Voluntary and Statutory level. Prevention of Industrial Disputes at Voluntary Level: At the voluntary level settlement of disputes takes place at: i. Collective Bargaining ii. Code of Discipline, iii. Arbitration iv. Permanent Negotiating Machinery and Joint Consultative Machinery, and v. Tripartite Bodies. i. Collective [...]
Read this article to learn about the influence of macro environmental forces on the strategy of industries. 1. Political-Legal Forces of a Firm: Political-legal forces include such factors as the outcomes of elections, legislation, and judicial court decisions, as well as the decisions rendered by various commissions and agencies at every level of government. Military conflicts can also influence how [...]