GK
BUSINESS MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Low-risk strategy
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High-risk strategy
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KPI
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Team work
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Detailed explanation-1: -Participative Management is a management style that requires the cooperation of personnel. It aims to build commitment and develop initiatives within work teams. To do this, the manager must delegate parts of his power and it’s necessary that the teams decide together what solutions to adopt.
Detailed explanation-2: -While there are many ways leaders can manage change, some of the best change management strategies include planning, transparency and honesty, communication, and employee participation.
Detailed explanation-3: -A participative approach is an approach taken by managers that entail involving employees in decision-making matters in an organization. This approach has open communication between managers and employees.
Detailed explanation-4: -Participatory management is the practice of empowering members of a group, such as employees of a company or citizens of a community, to participate in organizational decision making.