Question

Q5 Vineet joined a company after completing graduation in management from a reputed business school. During his induction training, he was informed that he would be working in production department. The company wanted to achieve 30% increase in output in the next quarter. His general manager, a man with decades of experience, also said that management is a complex activity. He expected Vineet to make production plans, identify incentive schemes for workers to make their strengths effective and ensure that there is no disruption due to technical glitch. Vineet realised very quickly that his job is a series of continuous tasks. After one month, he was informed by the general manager that due to increase in international demand, production targets have been raised. He called an urgent meeting of his supervisors and senior workers. He offered them an opportunity to realise their potential and earn more by working overtime and in multiple shifts. He was delighted that at the end of the quarter, he was able to meet the targets, workers were happy and there was no chaos. Identify and explain any four characteristics of management referred in above case.

Answer 1

Four characteristics of management

Explanation:

1. Accomplishment of Group Goals: A business enterprise requires sound resource planning in connection with the management is required to make forecast of resources  for accomplishment of objectives.
2. Efficient Running of Organisation: Efficiency of an organisation will how far its management has been successful in providing leadership to subordinate workers.
3. Sound Organisation Structure: Management establishes sound organisation structure that is in accordance with desired objectives.
4. Proper Environment to Work: Management encourages mutual understanding among the workers.

To know more:

Define management and what are the function of management

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