Steve leads the administrative department of Mayo Pvt. Ltd. He encourages people to perform to their maximum potential by providing support and regular feedback. He ensures that the opinions of his team members are considered before a decision is made. He does not believe in rigidity and inviolate procedures. In the context of the given scenario, Steve holds that:
A) wealthy employees should be given more power.
B) people at the bottom of the organizational hierarchy should have no power.
C) human capital is more important than financial capital.
D) tangible assets form the financial basis of today's economy.

Question

Quizplus · Accepted Answer

Steve's emphasis on providing support and feedback to encourage maximum potential implies a value for human capital, or the potential and abilities of employees. This suggests that he prioritizes the people in the organization over purely financial considerations.

Steve Leads the Administrative Department of Mayo Pvt