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Which characteristic of management is signified by the following statement: In an organisation, employees are happy and satisfied.
- a)Management is an intangible force.
- b)Management is a group activity.
- c)Management is a continuous process.
- d)None of these.
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Which characteristic of management is signified by the following state...
It signifies that management is an intangible force.
This question is part of UPSC exam. View all CA Foundation courses
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Which characteristic of management is signified by the following state...
Characteristics of Management: Employee Satisfaction
Management is an intangible force:
- The statement "employees are happy and satisfied" reflects the intangible aspect of management.
- Management is not just about tangible assets like money or equipment, but also about creating a positive work environment that leads to employee satisfaction.
- Employee satisfaction is a result of effective management practices such as clear communication, fair treatment, recognition of achievements, and opportunities for growth and development.
Implications of Employee Satisfaction:
- Happy and satisfied employees are more productive, motivated, and engaged in their work.
- They are likely to stay with the organisation for a longer period, reducing turnover rates and associated costs.
- Employee satisfaction also contributes to a positive organisational culture, leading to higher levels of teamwork, collaboration, and overall performance.
Importance of Employee Satisfaction:
- Organisations that prioritise employee satisfaction tend to attract top talent and have a competitive advantage in the market.
- Satisfied employees are also more likely to provide better customer service, leading to increased customer satisfaction and loyalty.
- Overall, employee satisfaction is a key indicator of effective management practices and can significantly impact the success of an organisation.
In conclusion, the statement about employees being happy and satisfied signifies the intangible force of management in creating a positive work environment that fosters employee satisfaction and contributes to overall organisational success.
Management is an intangible force:
- The statement "employees are happy and satisfied" reflects the intangible aspect of management.
- Management is not just about tangible assets like money or equipment, but also about creating a positive work environment that leads to employee satisfaction.
- Employee satisfaction is a result of effective management practices such as clear communication, fair treatment, recognition of achievements, and opportunities for growth and development.
Implications of Employee Satisfaction:
- Happy and satisfied employees are more productive, motivated, and engaged in their work.
- They are likely to stay with the organisation for a longer period, reducing turnover rates and associated costs.
- Employee satisfaction also contributes to a positive organisational culture, leading to higher levels of teamwork, collaboration, and overall performance.
Importance of Employee Satisfaction:
- Organisations that prioritise employee satisfaction tend to attract top talent and have a competitive advantage in the market.
- Satisfied employees are also more likely to provide better customer service, leading to increased customer satisfaction and loyalty.
- Overall, employee satisfaction is a key indicator of effective management practices and can significantly impact the success of an organisation.
In conclusion, the statement about employees being happy and satisfied signifies the intangible force of management in creating a positive work environment that fosters employee satisfaction and contributes to overall organisational success.
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Which characteristic of management is signified by the following statement: In an organisation, employees are happy and satisfied.a)Management is an intangible force.b)Management is a group activity.c)Management is a continuous process.d)None of these.Correct answer is option 'A'. Can you explain this answer?
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Which characteristic of management is signified by the following statement: In an organisation, employees are happy and satisfied.a)Management is an intangible force.b)Management is a group activity.c)Management is a continuous process.d)None of these.Correct answer is option 'A'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which characteristic of management is signified by the following statement: In an organisation, employees are happy and satisfied.a)Management is an intangible force.b)Management is a group activity.c)Management is a continuous process.d)None of these.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which characteristic of management is signified by the following statement: In an organisation, employees are happy and satisfied.a)Management is an intangible force.b)Management is a group activity.c)Management is a continuous process.d)None of these.Correct answer is option 'A'. Can you explain this answer?.
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