'The larger interests of the workers and stakeholders are more important than the interests of any one person'.
Which of the following principle highlighted from the above statement?
Answer & explanation
Correct answer: option 3
The correct answer is option 3- Subordination of Individual Interest to General Interest.
Subordination of Individual Interest to General Interest is highlighted from given statement.
Subordination of Individual Interest to General Interest: The interests of an organisation should take priority over the interests of any one individual employee according to Fayol. In all the situations the interests of the group/company will supersede the interest of any one individual. This is so because larger interests of the workers and stakeholders are more important than the interest of any one person.