1. a. Briefly explain the concepts of positive psychological capital and social capital of a manager. b. Mr. Mark is a businessman who has a retail business. Though Mr. Mark is a business owner, he does not possess any formal management education. Write a description on 'Management', to be sent to Mr. Mark, emphasizing the following fundamental concepts with suitable examples. i. Scarce resources. ii. The process of management. iii. Efficiency. iv. Effectiveness. v. Goals. vi. Dynamic business environment.

1. a. Briefly explain the concepts of positive psychological capital and social capital of a manager. b. Mr. Mark is a businessman who has a retail business. Though Mr. Mark is a business owner, he does not possess any formal management education. Write a description on 'Management', to be sent to Mr. Mark, emphasizing the following fundamental concepts with suitable examples. i. Scarce resources. ii. The process of management. iii. Efficiency. iv. Effectiveness. v. Goals. vi. Dynamic business environment.

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter5: Managing Ethics And Social Responsibility

Section: Chapter Questions

Problem 2OTJVC

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