Question

Akshara runs a business in the name of ‘AK Solutions’ in a well reputed area of her city where people provide spaces to students as library, as study centres and as training and event centres to businesses. Akshara provides only conference halls to big and small enterprises for their meetings and events. Suddenly, in July 2024, floods affected some libraries and study centres in her neighbouring area. The exams were fast approaching and students were facing a lot of problems as these study centres and libraries had to be closed. Taking advantage of this opportunity and to help the students ‘AK Solutions’ adapted itself to the needs of the environment, they decided to convert some of their conference halls into libraries and study centres. They also decided to provide food and other facilities required by the students at subsidized rates. This initiative increased their business manifold and carned them significant goodwill.

The feature of management highlighted in the above case is:

विकल्प

• Management is a continuous process.

• Management is an intangible force.

• Management is a dynamic function.

• Management is a group activity.

Answer 1

Management is a dynamic function.

Explanation:

Management is considered a dynamic function because it continually adapts to changes in the corporate environment. In the case study, AK Solutions changed its business operations to accommodate the flood by converting conference halls into study centres. This responsiveness emphasises the dynamic aspect of management.