In Atlans Ltd, no importance had been attached to the suggestions given by the subordinates. In 2009, the company appointed Mr, Franco as its Chief Executive Officer. He was an MBA degree holder with an experience of a decade. After assuming the charge of his office, he started a campaign in which he collected more than 10,000 suggestions from employees out of which 1,500 were selected and implemented in different fields This campaign fetched the company an additional profit of Rs.150 crore
Which principle of management was opted by Mr Franco and why?

Explanation

Principle of initiative Because this will help in increasing the participation of employees and it also builds the feeling of belongingness This principle encourages employees to take timely decisions for the betterment of the organisation