Question : Case Study: XYZ Corporation
XYZ Corporation is a manufacturing company known for producing high-quality electronic devices. It is divided into three levels of management: top management, middle-level management, and lower-level management. The company's main objective is to expand its market reach and maintain a strong reputation for innovation and customer satisfaction.
XYZ Corporation's management team believes in empowering its employees to take initiatives and make decisions. This reflects the management principle of:
Option 1: Unity of direction
Option 2: Authority and responsibility
Option 3: Equity
Option 4: Initiative
Correct Answer: Initiative
Solution : The correct answer is (d) Initiative
Empowering employees to take initiatives and make decisions is in line with the management principle of initiative, which encourages and supports proactive and creative actions by employees. This principle emphasizes that employees should be encouraged to suggest improvements, take ownership of their work, and contribute to the organization's success by acting on their own ideas and innovations. It can lead to a more dynamic and responsive organization.
