The Forum of Free Enterprise is a non-political organization founded in 1956 by A. D. Shroff and has been established to educate public opinion in India on free enterprise and a democratic way of life. The Forum publishes booklets to further its objects. The following booklet titled “Objectives of Industrial Relations” was published on January 14, 1997, and was authored by S.R. Mohandas. The author begins by pointing out that the term “Industrial Relations” is invariably equated with a description of conflicts between the employing authority and the organized employees in the organized sector and focuses lesser on cooperation and collaborative areas of organized working. He further discusses the significance of defining clear objectives of industrial relations for any corporate policy. He argues that the industrial-organizational environment is a dynamic one that produces continuous differences, problems and tensions. He emphasizes that the objectives of any industrial relations exercise are not to seek merely peace and harmony, but performance under conditions of dynamism, tension and conflict. According to him, an industrial relationship in a democratic setup is a contractual relationship between people of citizenship and equal status. He argues that it is an exercise not in idealistic arrangements, but reasonably satisfactory arrangements over a reasonably stable period. He further highlights that positive industrial relations will view conflict dynamically and not defensively. He recommends a proper three-tier management structure in any organisation. He argues that The structure should also cater to the obligations to external factors· in the context of which the industrial organization exists.