With introduction of per second call plan by MTS ( a leading mobile network company) , most of the other cellular companies also started offering per second plan , in order to survive and maintain their market share. Identify and discuss the feature of management depicted in the given statement. (answer for class 12)
Answers
Answer: managament is a dynamic function
Explanation: as there is change in enviornment and dynamic means adapt itself in changing enviornment and that's what this company did by offering per second plan
Answer:
Concept:
Management is the process of planning and organizing the resources and activities of a business to achieve specific goals in the most effective and efficient manner possible.
Find:
Identify and discuss the feature of management depicted in the given statement.
Given:
With introduction of per second call plan by MTS ( a leading mobile network company) , most of the other cellular companies also started offering per second plan , in order to survive and maintain their market share.
Explanation:
Management is a dynamic function
Management is the process of planning and organising the resources and activities of a business to achieve specific goals in the most effective and efficient manner possible. Efficiency in management refers to the completion of tasks correctly and at minimal costs.
Management is a dynamic function and evolves and adapts to changes in its environment, whether they are economic, socio-political or technological. For instance, a paper company could see a decline in sales because of the rapid adoption of screens and digital devices. Whether the company can still survive depends on how effectively its management can adapt to new market requirements.
Management has to make changes in goal, objectives and other activities according to changes taking place in the environment. The external environment such as social, economical, technical and political environment has great influence over the management.
Management is based on some principles which are dynamic. Principles of management arechanging according to the changing business environment. For the reason that environment isdynamic, many old principles have been replaced by new ones. Still, because of going onchanges in social, technical, political and industrial environment, search for novel principles isgoing on and no principle can be termed as ultimate. In this context, it can be rightly said thatnothing is permanent (eternal) in management.
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