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CBSE Class 12-commerce Answered

three-day exhibition was organized at Rashtrapati Bhawan in March, 2011 by National Innovation Foundation (NIF), an institute under Department of Science and Technology. The mission of NIF is to make India a global leader by building upon genius of grassroot technological innovators and traditional knowledge holders. In this exhibition, the ordinary people, who were facing lack pf education and resources showed their extraordinary innovations, which were cost effective as well. These included portable smokeless stove, solar mosquito killer, washing-cum-exercise machine etc.   a) Which principle of management is being fulfilled by organizing such exhibition? Explain.   b) Identify and explain an advantage of principles of management being achieved in the above case.  
Asked by Sandywool.mehra | 05 Jun, 2020, 04:06: PM
answered-by-expert Expert Answer
Principle of Initiative: According to this Principle of Management
  • The organisation must encourage employees to come up with new ideas and suggestions.
  • However, it must be ensured that the new initiatives and ideas are in accordance with the generally followed rules and practices in the organisation.
  • In addition, good initiatives can be suitably rewarded by managers.

Advantages of Principles of Management:

  • Provides useful insights into reality
  • Optimal use of resources
  • Meeting changing environment requirements
  • Helps in thoughtful decision making
  • Helps in fulfilling social respoonsibilities
  • Provides Basic education of Management
Answered by Surabhi Gawade | 05 Jun, 2020, 05:03: PM

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three-day exhibition was organized at Rashtrapati Bhawan in March, 2011 by National Innovation Foundation (NIF), an institute under Department of Science and Technology. The mission of NIF is to make India a global leader by building upon genius of grassroot technological innovators and traditional knowledge holders. In this exhibition, the ordinary people, who were facing lack pf education and resources showed their extraordinary innovations, which were cost effective as well. These included portable smokeless stove, solar mosquito killer, washing-cum-exercise machine etc.   a) Which principle of management is being fulfilled by organizing such exhibition? Explain.   b) Identify and explain an advantage of principles of management being achieved in the above case.  
Asked by Sandywool.mehra | 05 Jun, 2020, 04:06: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
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