Lakshay Wadhwa works as the Cost and Risk Management head of a company in power sector. As a result of his excellent managerial competence, the company is able to reduce costs and increase productivity. The company belongs to infrastructure sector wherein regular amendments are made in the government regulations and policies. He holds regular meetings to ensure that people in his department not only aware of the related changes but also able to adopt to these changes éffectively. This helps the company to maintain its competitive edged He motivates and leads his team in such a manner that individual members are able to achieve personal goals while contributing to the overall organisational objectives. In the process of fulfilling his duties for the growth of the organisation he helps in providing competitive services, adopting new technology, creating more employment opportunities, etc. for the greater good of the people at large
Identify the various reasons highlighted above by quoting the lines that have made management so important.
Answers
Reasons that made management so important in above paragraph
Explanation:
1. First quotation
"Lakshay Wadhwa works .......... and increase productivity. "
- Management helps to increase the efficiency in a company which can lead to reduce the all over cost of production and it can also help to increase the productivity at many levels.
2. Second quotation
"He holds regular meetings ....... able to adopt to these changes éffectively"
- Management creates an environment in which people learn to face and adapt the situation according to the upcoming changes, from which a business suffers on a regular basis.
3. Third quotation
"He motivates ............. growth of the organisation."
- A good management team help its employees to achieve their personal goals. And when the employees achieve their goals they become happy and tend to work more efficiently, which helps and organisation to grow . And through this process, the goals of an organisation also are achieved.
Answer:
1. First quotation
"Lakshay Wadhwa works .......... and increase productivity. "
Management helps to increase the efficiency in a company which can lead to reduce the all over cost of production and it can also help to increase the productivity at many levels.
2. Second quotation
"He holds regular meetings ....... able to adopt to these changes éffectively"
Management creates an environment in which people learn to face and adapt the situation according to the upcoming changes, from which a business suffers on a regular basis.
3. Third quotation
"He motivates ............. growth of the organisation."
A good management team help its employees to achieve their personal goals. And when the employees achieve their goals they become happy and tend to work more efficiently, which helps and organisation to grow . And through this process, the goals of an organisation also are achieved.