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Name: Sabah Afzal Class: ADP Section: 1-A Reg no: 0051 Sub: Management Submitted to: Prof Farooq Qaiser
Characteristics are:
Effective Sharing of Goals Teamwork Offers Training Opportunities Adapts to Opportunities and Changes Leadership Understanding Risks Clearly Defined Structure Well-Known Company Policies Good Governance etc
Detail:
Team work:
Teamwork is used across many different industries to increase performance, employee unity and company culture. Companies that must frequently develop new ideas or products using a project-based approach assemble teams in order to diffuse responsibility. Team members use teamwork to bounce ideas off of one another before deciding on a development path for a project.
Leadership:
The management staff that typically provides inspiration, objectives, operational oversight, and other administrative services to a business. Effective organizational leadership can help prioritize objectives for subordinates and can provide guidance toward achieving the overall corporate vision. Good leadership is one of the main characteristics of a healthy organization. Employees have good relationships with management that are based on trust. Managers know how to get employees to function together.
Understanding Risks:
Healthy organizations understand the risks they are open to and take the necessary steps to protect themselves against them. When an event happens due to organizational risks, a healthy organization learns from the event.
Good Governance:
In any institution that excels, there will be a framework of values and principles that foster a culture of achievement and adherence to high ethical standards that tend to bring out the best in people, discourage negative behaviours, and improve the ability of people to work well with each other.