Mr. Singh is working as the General Manager, a chain of hotel keeping a watch over the business environment is included in his routine. For the last few days Mr. Singh has been observing that the government taking special interest in Tourism Industry. The receipt of foreign exchange and employment promotion are its reasons. On the basis of this news he decided to set up hotels at several tourist places. They established several hotels before other companies considered this issued. Very soon, their hotels became well-known in the market. Behind the fame of this company another reason was that this company was giving its employees not only the responsibility but also the authority of completion of work. The environment being to their liking now they has started meeting their managers with the latest ideas, which are taken by the company. (a) Identify the importance of business environment described here by quoting the relevant lines. (b) Identify the principles nfManagement being used in the Company. (c) On which level is Mr. Singh working. Write any two more function performed at that level.

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Solution

(a) First Mover Advantage
(b) (i) Principle of Authority & Responsibility (ii) Principle of Initiative
(c) Top level Management

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(a) First Mover Advantage (b) (i) Principle of Authority & Responsibility (ii) Principle of Initiative (c) Top level Management

(a) First Mover Advantage
(b) (i) Principle of Authority & Responsibility (ii) Principle of Initiative
(c) Top level Management