ABSTRACT
the fundamental purpose of industrial relations is to facilitate production by securing harmonious working associations between labour, management, and capital. The main problems are not strikes and lock-outs but the regulation of working conditions, and the promotion of better understanding between management and workpeople at the place of work. Technical efficiency, with up-to-date machinery, lay-out, and organization, are not enough alone to make a business profitable. Good human relations are at least as important for success.
