Question : Case Study 5: Empowerment and Decision-making at LMN Manufacturing
LMN Manufacturing emphasizes empowering employees and involving them in decision-making. Consider the following scenario to answer the questions.
Question :
The supervisor at LMN Manufacturing actively seeks input from employees and encourages them to take ownership of their tasks. This aligns with which need level in Maslow's hierarchy?
Option 1: Self-actualization needs
Option 2: Physiological needs
Option 3: Safety needs
Option 4: Esteem needs
Correct Answer: Self-actualization needs
Solution : The correct answer is (a) Self-actualization needs.
Self-actualization needs, according to Maslow's hierarchy of needs, are at the top of the pyramid and involve fulfilling an individual's desire to achieve their full potential, pursue personal growth, and attain self-fulfillment. By seeking input and encouraging ownership, the supervisor is empowering employees to take control of their work and contribute their best efforts, aligning with the self-actualization level of needs. This approach supports personal and professional growth and enables individuals to fulfill their potential within the workplace.
Question : Case Study : Leadership and Employee Development at ABC Tech
ABC Tech believes in leadership that focuses on employee development and growth. Consider the following scenario to answer the questions.
The CEO of ABC Tech values the well-being of employees and encourages them to take ownership of their work. This reflects which quality of leadership?
Option 1: Autocratic decision-making
Option 2: Laissez-faire leadership
Option 3: Empowerment and autonomy
Option 4: Isolation from employees
Question : Case Study: ABC Corporation - Financing Growth Strategies
ABC Corporation, a leading manufacturing company, is looking to finance its growth strategies. The company is exploring various sources of business finance to achieve its expansion goals.
Questions : Equity Shares and Preference Shares
Which feature makes equity shares different from preference shares?
Option 1: Fixed dividend payments
Option 2: Ownership rights in decision-making
Option 3: Redemption option
Option 4: No voting rights
Question : The governance of common property resources involves:
Option 1: Unilateral decision-making by external authorities
Option 2: Democratic participation and collective management by the community
Option 3: Privatization and individual ownership of resources
Option 4: Centralized control by the government without community input
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