Question : Case Study: XYZ Tech Solutions
XYZ Tech Solutions is a software development company known for its innovative products. The company is managed by three levels of management: top management, middle-level management, and lower-level management. XYZ Tech Solutions aims to be a market leader by providing cutting-edge technology solutions and excellent customer support.
XYZ Tech Solutions' management team believes in encouraging employee creativity and innovation. This reflects the management principle of:
Option 1: Centralization
Option 2: Scalar chain
Option 3: Equity
Option 4: Initiative
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 creativity and innovation. It involves empowering employees to take on new responsibilities, propose innovative ideas, and contribute to the organization's success beyond their basic job requirements. This principle aligns with the idea of fostering a culture of creativity and innovation within the organization.
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