Shri Mahila Griha Udyog Lijjat Papad Combining Business with Social Resp
Channel: Doubtnut
Date: 2020-05-09

Shri Mahila Griha Udyog Lijjat Papad Combining Business with Social Responsibility (An Organisation of the women,By the women and For the women) The story of Shri Mahila Griha Udyog lijjat Papad is very inspiring for would be managers, It shows how an organisation can combine business with social responsibility and make its stakeholders self-reliant. The stakeholders are various women who numbering over 40,000, are given the task of making lijjat papads, which are famous for their quality throughout the world. The organisation which started with a modest loan of 80 now has a turnover of over 301 crore. Its exports exceed 10 crore. The profits are distributed to the stakeholders in proportion to their contribution. It has struck to its core values for over 40 years. It has shown how it is possible to combine Gandhian values with business. The company has at least 61 branches. Any woman subscribing to the core values can become a member of the organisation.   According to the website of the organisation www.lijjat.com, Shri Mahila Griha Udyog Lijjat Papad is synthesis of three different concepts (core values) namely:   1. The concept of business   2. The concept of family  3. The concept of devotion All these concepts are completely and uniformly followed in this institution. As a result of this synthesis, a peculiar Lijat way of thinking has developed therein. The institution has adopted the concept of business from the very beginning. All its dealings are carried out on a sound and pragmatic footing-production of quality goods and at reasonable prices. It has never and nor will it in the future accept any charity, donation, gift or grant from any quarter. On the contrary, the member-sisters donate collectively for good causes from time to time according to their capacity. Besides the concept of business, the institution along with all its members sisters has adopted the concept of mutual family affection, concern and trust. All the affairs of the institution are dealt with in a manner similar to that of a family carrying out its own daily household chores. But the most important concept adopted by the institution is the concept of devotion. For the member sisters, employees and well-wishers, the institution is never merely a place to earn one's livelihood - it is a place of worship to devote one's energy not for his or her own benefits but for the benefit of all. In this institution, work is worship. The institution is open to everybody who has faith in its basic concepts  Which point of significance of principles of management has been stressed upon in this case? Explain