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Management Techniques and Anekāntavāda Approach
leads to better sales and consequent increase in profits.
(vi) Higher sales always employ higher profits. For instance if sales is increased by offering more on credit then it might effect profits because the company will have to pay more by way of interest on loans. Hence what is gained by way of profits on higher sales lost by way of interest. So a good management keeps proper balance of credit and cash sales.
(vii) The good management knows that what is poisonous in one place would be of immense value in another place. Thus it adopts waste recycling technique.
(Viii) A good manager seeks co-operation of his colleagues superiors and subordinates.
(ix) An efficient management adopts a multi-pronged strategy of getting things done. For instance it would take in confidence the workers by welcoming suggestions when over possible. Suggestions are invited from all concerned -the employees, the dealers, the real users of the products, the suppliers of raw materials etc. It knows that a broader outlook will go a long way in improving its performance and efficiency.
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(x) The integral approach of the management is evident in its strategy of getting help from all sides, the labour, the customer etc. It makes the company popular by appropriate advertising and marketing strategies. It also tries to impress upon the policy makers in the government in order to get favourable policies for the industry. It will try to get the best from the share market operation by appropriate moves in relation to share transaction, transfer, overtaken etc.
In conclusion one may say underlying a host of different activities of efficient management lies in the anekantic approach which is fundamentally responsible for the success of the Management.
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