A ‘Sick Industrial Unit’ as defined in the ‘Sick Industrial Companies Act, 1985’ is said to be a unit or a Company (having been in existence for not less than five years) which is found at the end of any financial year to have incurred accumulated losses equal to or exceeding its entire net worth. There are 2 basic factors which may result in the sickness of an industrial unit, which are:
a). Internal Factors,
b). External Factors.
And there is a 3rd factor that attributes differently to a unit being ‘Sick’ which is the “Human Factor”.
It is then maybe even Government bailing out aids cannot help. And what becomes more irreversible a process is when the whole of the unit’s resources is plagued by the sickness effect. Then what ceases to matter is whether the unit is churning huge profits or taking a huge shelf space in the markets. All that happens thereafter is it being fed to a slow death, of the operations within the unit / Company.
Taking a closer look of how such sickness spreads, at times we cannot consider ourselves to be distanced from its roots. Looking around we can observe much exhibited a behavioural change in our colleagues, subordinates, superiors who begin to breed the notion that for all Gains they belong to the Company; but for all Losses it’s the CEO’s shoulder that takes the blow. And with this thought in mind, they start caring a less where matters require immediate attention and correction. The most unfortunate part shows up when they berate at those who think they are very much part of the Company’s shareholder policy without physically being one. And one thing leading to another, when the employees of the unit/Company start taking things at a pace slower than the need of the hour, delaying the process, the delivery of the services, and a number of back-logs within the system of outflow of materials/services.
The ‘Human’ approach to releasing past grudges and grievances at the wrong cause, making the working environment lose the balance is every Company’s’ Management’s nightmare. Coz they realise once started, this cycle is unstoppable without a few blows here and there. A good work culture is something every individual joining a Company yearns for, something they can relate to, the whole of their lives. But at times the unit/Company gets indefinitely ‘Sick’, because of the culture that is being built within a group of people; who start acting tangentially to the requirements of the unit/Company.
The top 10 ways to identify the behaviour/attitude of a colleague/subordinate/superior around you contributing to the ‘Sick Human Unit’:
- It’s not my job.
- The 5 minute paperwork shoved beneath piles of other files.
- What’s there in for me? Do I get my margin?
- It’s the owners’ headache; he needs to deal with the growing protests.
- Why would I job rotate, I’m happy here since past 2 decades!
- What’s the point in learning new things; I have just 5 years to retirement!
- It’s not my responsibility either; I know nothing of it; despite the previous documentation bearing my signature.
- Marking the paperwork to somebody else and the marking continues endlessly.
- Changing decisions/stands when caught off-guard.
- Will do it tomorrow or maybe next week.
Would I like to work in such a unit/Company? Definitely not! Neither would you! Least one could do, is take medication with the slightest of the symptoms.
But Precaution has been stated to be always better than Cure!
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