Question

Q 21. Successful management ensure
that:​

Answer 1

Answer:

In short, successful managers are the ones who ensure every member on the team they're managing is working as efficiently as possible. That creates a high performing team, which signifies the importance of proper managerial leadership in ensuring efficiency.

Explanation:

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Answer 2

Management is the ability to plan, organize, execute and control a group of individuals to achieve organisational goals by optimum utilisation of resources at the minimum cost.

Successful management ensures :-

1. Achieving organisational goals: Successful Management ensures that the production resources like labour, machinery, assets and capital are coordinated and controlled effectively to fulfil organisational goals.
2. Optimum utilisation of resources:- Successful Management ensures that human resources and other organisation resources like assets, machineries etc are utilised most efficiently. They make use of skills and knowledge. They avoid wastage of resources and they select the best alternative method to run the organisation effectively.
3. Reduces cost:- Successful management ensures that the organisation achieve their desired goal by utilising resources in a way where the cost of production is minimum and the profit is maximum. Management should understand the financial condition of the organisation and should take decisions accordingly.
4. Human Resource Management:- Successful management ensures that their employees have the necessary knowledge, skills, experience and support. Management tries to increase their efficiency by providing certain trainings, seminars, decent remuneration, recognition, rewards for motivating them.

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