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E-Chaupal created by ITC, is one of the largest consumer product and agri business company. The aim is to enable the farmers in rural India with the opportunity to make use of a direct marketing channel, eliminating multiple intermediation and wasteful handling and unnecessary transaction costs. Identify the importance of management referred above:
- a)Management helps in achieving group goals
- b)Management helps in development of society
- c)Management helps in achieving personal objectives
- d)Management creates dynamic organisation
Correct answer is option 'A'. Can you explain this answer?
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E-Chaupal created by ITC, is one of the largest consumer product and a...
It helps in Achieving Group Goals - It arranges the factors of production, assembles and organizes the resources, integrates the
resources in effective manner to achieve goals
resources in effective manner to achieve goals
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E-Chaupal created by ITC, is one of the largest consumer product and a...
Importance of Management in Achieving Group Goals:
Management plays a crucial role in helping organizations achieve their group goals efficiently and effectively. In the case of E-Chaupal by ITC, the management ensures that the farmers in rural India have access to a direct marketing channel, which eliminates multiple intermediaries and reduces transaction costs. This directly contributes to the group goal of empowering farmers and improving their livelihoods.
Coordination and Planning:
Management involves coordinating and planning activities to ensure that resources are allocated effectively and goals are met. In the case of E-Chaupal, the management coordinates with various stakeholders such as farmers, suppliers, and distributors to streamline the supply chain and create a sustainable business model.
Decision Making:
Management is responsible for making important decisions that impact the organization's success. In the context of E-Chaupal, the management team makes decisions on pricing strategies, product offerings, and marketing campaigns to maximize the benefits for both the farmers and the company.
Resource Allocation:
Management is responsible for allocating resources such as financial, human, and technological resources to achieve the organization's goals. In the case of E-Chaupal, the management ensures that the farmers have access to the necessary tools and training to use the platform effectively, thereby maximizing their benefits.
Monitoring and Evaluation:
Management monitors the progress towards achieving the group goals and evaluates the effectiveness of the strategies implemented. In the case of E-Chaupal, the management team continuously monitors the platform's performance, collects feedback from users, and makes necessary adjustments to improve the service.
In conclusion, management is essential in achieving group goals by coordinating activities, making decisions, allocating resources, and monitoring progress. In the case of E-Chaupal, effective management has enabled the platform to empower farmers in rural India and create a more sustainable and efficient agricultural supply chain.
Management plays a crucial role in helping organizations achieve their group goals efficiently and effectively. In the case of E-Chaupal by ITC, the management ensures that the farmers in rural India have access to a direct marketing channel, which eliminates multiple intermediaries and reduces transaction costs. This directly contributes to the group goal of empowering farmers and improving their livelihoods.
Coordination and Planning:
Management involves coordinating and planning activities to ensure that resources are allocated effectively and goals are met. In the case of E-Chaupal, the management coordinates with various stakeholders such as farmers, suppliers, and distributors to streamline the supply chain and create a sustainable business model.
Decision Making:
Management is responsible for making important decisions that impact the organization's success. In the context of E-Chaupal, the management team makes decisions on pricing strategies, product offerings, and marketing campaigns to maximize the benefits for both the farmers and the company.
Resource Allocation:
Management is responsible for allocating resources such as financial, human, and technological resources to achieve the organization's goals. In the case of E-Chaupal, the management ensures that the farmers have access to the necessary tools and training to use the platform effectively, thereby maximizing their benefits.
Monitoring and Evaluation:
Management monitors the progress towards achieving the group goals and evaluates the effectiveness of the strategies implemented. In the case of E-Chaupal, the management team continuously monitors the platform's performance, collects feedback from users, and makes necessary adjustments to improve the service.
In conclusion, management is essential in achieving group goals by coordinating activities, making decisions, allocating resources, and monitoring progress. In the case of E-Chaupal, effective management has enabled the platform to empower farmers in rural India and create a more sustainable and efficient agricultural supply chain.
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E-Chaupal created by ITC, is one of the largest consumer product and agri business company. The aim is to enable the farmers in rural India with the opportunity to make use of a direct marketing channel, eliminating multiple intermediation and wasteful handling and unnecessary transaction costs. Identify the importance of management referred above:a)Management helps in achieving group goalsb)Management helps in development of societyc)Management helps in achieving personal objectivesd)Management creates dynamic organisationCorrect answer is option 'A'. Can you explain this answer?
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E-Chaupal created by ITC, is one of the largest consumer product and agri business company. The aim is to enable the farmers in rural India with the opportunity to make use of a direct marketing channel, eliminating multiple intermediation and wasteful handling and unnecessary transaction costs. Identify the importance of management referred above:a)Management helps in achieving group goalsb)Management helps in development of societyc)Management helps in achieving personal objectivesd)Management creates dynamic organisationCorrect answer is option 'A'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about E-Chaupal created by ITC, is one of the largest consumer product and agri business company. The aim is to enable the farmers in rural India with the opportunity to make use of a direct marketing channel, eliminating multiple intermediation and wasteful handling and unnecessary transaction costs. Identify the importance of management referred above:a)Management helps in achieving group goalsb)Management helps in development of societyc)Management helps in achieving personal objectivesd)Management creates dynamic organisationCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for E-Chaupal created by ITC, is one of the largest consumer product and agri business company. The aim is to enable the farmers in rural India with the opportunity to make use of a direct marketing channel, eliminating multiple intermediation and wasteful handling and unnecessary transaction costs. Identify the importance of management referred above:a)Management helps in achieving group goalsb)Management helps in development of societyc)Management helps in achieving personal objectivesd)Management creates dynamic organisationCorrect answer is option 'A'. Can you explain this answer?.
E-Chaupal created by ITC, is one of the largest consumer product and agri business company. The aim is to enable the farmers in rural India with the opportunity to make use of a direct marketing channel, eliminating multiple intermediation and wasteful handling and unnecessary transaction costs. Identify the importance of management referred above:a)Management helps in achieving group goalsb)Management helps in development of societyc)Management helps in achieving personal objectivesd)Management creates dynamic organisationCorrect answer is option 'A'. Can you explain this answer? for Humanities/Arts 2024 is part of Humanities/Arts preparation. The Question and answers have been prepared according to the Humanities/Arts exam syllabus. Information about E-Chaupal created by ITC, is one of the largest consumer product and agri business company. The aim is to enable the farmers in rural India with the opportunity to make use of a direct marketing channel, eliminating multiple intermediation and wasteful handling and unnecessary transaction costs. Identify the importance of management referred above:a)Management helps in achieving group goalsb)Management helps in development of societyc)Management helps in achieving personal objectivesd)Management creates dynamic organisationCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Humanities/Arts 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for E-Chaupal created by ITC, is one of the largest consumer product and agri business company. The aim is to enable the farmers in rural India with the opportunity to make use of a direct marketing channel, eliminating multiple intermediation and wasteful handling and unnecessary transaction costs. Identify the importance of management referred above:a)Management helps in achieving group goalsb)Management helps in development of societyc)Management helps in achieving personal objectivesd)Management creates dynamic organisationCorrect answer is option 'A'. Can you explain this answer?.
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