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Question : Case Study: ABC Retailers

ABC Retailers is a chain of stores specializing in fashion apparel. They have a hierarchical management structure with top management, middle-level management, and lower-level management. The company aims to provide a wide range of trendy clothing options and outstanding customer service.

ABC Retailers' management team believes in providing opportunities for employee growth and development. This reflects the management principle of:

Option 1: Scalar chain
 

Option 2: Centralization
 

Option 3: Equity

 

Option 4: Initiative


Team Careers360 21st Jan, 2024
Answer (1)
Team Careers360 24th Jan, 2024

Correct Answer: Initiative


Solution : The correct answer is (d) Initiative

Initiative in management principles encourages employees to take the initiative, be proactive, and seek opportunities for growth and development. It involves empowering employees to take on new responsibilities, learn and develop new skills, and contribute to the organization's success beyond their basic job requirements. This principle aligns with the idea of fostering a culture of continuous learning and improvement within the organization.

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