Question

The foremost need for the development in a country is of

• A. Physical resources
• B. Economic resources
• C. Efficient management
• D. None of these

Hint:

Remember the famous quote by management guru Peter Drucker: "Management is the specific organ of the modern institution. It is the organ on the performance of which the performance and the survival of the institution depend." This applies to a country as well.

Answer 1

The Correct Option is C

Step 1: Understanding the Question:
The question asks to identify the most crucial or foremost requirement for the development of a country.
Step 2: Key Concept:
Economic development depends on the effective utilization of a country's resources. Resources can be physical (natural resources, infrastructure), economic (capital), or human.
Step 3: Detailed Explanation:
- (A) Physical resources (like land, minerals, forests) and (B) Economic resources (like capital) are certainly essential for development. However, the mere presence of these resources does not guarantee development. Many countries are rich in natural resources but remain underdeveloped.
- (C) Efficient management refers to the ability to organize, combine, and utilize all other resources (physical, economic, human) effectively and efficiently to achieve developmental goals. It includes good governance, skilled entrepreneurship, and effective administration.
- Efficient management is the dynamic factor that activates and mobilizes all other passive resources. Without efficient management, both physical and economic resources can be wasted or underutilized. Therefore, it is considered the most critical or foremost need.
Step 4: Final Answer
While physical and economic resources are necessary, efficient management is the foremost need as it is the key to effectively utilizing all other resources for development.