When evaluation of management is done in comparison to earlier successful one, it is called :

Question

Accepted Answer

Option 2, "Relative Evaluation," is the correct answer because it specifically refers to the process of assessing management performance by comparing it to a previously successful benchmark or standard. This type of evaluation is commonly used in various organizational settings to determine how current management practices measure up against past successes. By using a relative framework, organizations can identify areas of improvement and ensure that they maintain or exceed the standards set by previous successful management.

1. **Explanation for Option 2 (Relative Evaluation):**
   - Relative Evaluation involves comparing the current management's performance to a prior successful instance. This approach allows organizations to gauge whether current strategies and practices are effective by using a proven benchmark. It helps in identifying gaps, understanding strengths and weaknesses, and fostering continuous improvement. This method is particularly useful in dynamic environments where past successes provide a reliable standard for future performance.

2. **Why Other Options are Incorrect:**
   - **Option 1 (Absolute Evaluation):** Absolute Evaluation refers to assessing performance against a fixed set of criteria or standards without comparison to past performances. It focuses on meeting specific objectives or targets rather than comparing with previous successes. Therefore, it does not fit the context of comparing with earlier successful management.
   - **Option 3 (On-going Evaluation):** On-going Evaluation is a continuous process of assessing performance over time. It does not specifically involve comparison with past successful management but rather focuses on real-time assessment and feedback. This makes it unsuitable for the context of evaluating against a previous benchmark.
   - **Option 4 (All options are correct):** This option is incorrect because not all the options fit the specific context of comparing current management to a previously successful one. Only Relative Evaluation (Option 2) accurately describes this process.

In conclusion, Option 2, "Relative Evaluation," is the most appropriate choice as it directly addresses the concept of comparing current management performance to a successful past instance, which is the essence of the question.