The management of a company has decided to set up its new plant in a rural area to provide employment to local people there and also contribute to the development of that area from the commercial point of view. But its consultants have advised not to set this plant in the rural area. Identify the values ignored in this case by the consultant.
XYZ Power Ltd., set-up a factory for manufacturing solar lanterns in a remote village as there was no reliable supply of electricity in rural areas.
The revenue earned by the company was sufficient to cover the costs and the risks. The demand of lanterns was increasing day-by-day, so the company decided to increase production to generate higher sales. For this, they decided to employ people from the nearby villages as very few job opportunites were available in that area. The company also decided to open schools and cretches for the children of its employees.
(i) Identify and explain the objective of management discussed above.
(ii) State any two values which the company wanted to communicate to the society.