In the scenario presented, Vaibhav Sharma demonstrates the principle of management known as "Priority to Organizational Interests over Personal Interests." This principle emphasizes that when making decisions, managers should prioritize the goals and interests of the organization over their personal preferences or benefits.
Vaibhav Sharma's decision not to take leave to get his son admitted in school, despite his personal desire to do so, showcases his commitment to fulfilling his responsibilities towards the company. By choosing to attend the important meeting with the CEO to discuss new medicines to be manufactured, he aligned his actions with the best interests of the organization.
This principle highlights the importance of selflessness and putting the needs of the organization above individual desires. It helps in fostering a culture of dedication, commitment, and loyalty among employees, ultimately contributing to the success and growth of the company. Vaibhav Sharma's example illustrates how effective management involves making decisions that benefit the organization as a whole, even if it means sacrificing personal interests in the process.