Question : Case Study : Incentives and Employee Satisfaction at LMN Corp
LMN Corp values employee satisfaction and offers a variety of incentives. Consider the following scenario to answer the questions.
Question :
The management at LMN Corp recognizes that fulfilling self-actualization needs involves:
Option 1: Offering health benefits
Option 2: Providing flexible work arrangements
Option 3: Encouraging skill development and growth
Option 4: Implementing strict performance evaluations
Correct Answer: Encouraging skill development and growth
Solution : The correct answer is (c) Encouraging skill development and growth.
Self-actualization needs, according to Maslow's hierarchy, pertain to achieving one's full potential, personal growth, and self-fulfillment. Encouraging skill development and growth provides employees with opportunities to enhance their capabilities, pursue their professional goals, and realize their potential within the organization.
Question : Case Study : Recognition and Motivation at XYZ Tech
XYZ Tech recognizes the importance of recognition and motivation in its employee management approach. Consider the following scenario to answer the questions.
At XYZ Tech, which type of incentive would best fulfill the esteem needs of employees?
Option 1: Monetary rewards
Option 2: Flexible work hours
Option 3: Health benefits
Option 4: Promotion opportunities
Question : Which of the following is a primary objective of management?
Option 1: Maximizing profits
Option 2: Minimizing costs
Option 3: Ensuring employee satisfaction
Option 4: Achieving work-life balance
The CEO of XYZ Tech believes in fostering a positive work environment where employees' contributions are acknowledged. This reflects which quality of leadership?
Option 1: Micromanagement
Option 2: Autonomy
Option 3: Integrity
Option 4: Laissez-faire leadership
Question : Which objective of management focuses on creating a positive work environment?
Option 1: Economic objective
Option 2: Social objective
Option 3: Organizational objective
Option 4: Personal objective
Question : Case Study: XYZ Corporation
XYZ Corporation is a manufacturing company known for producing high-quality electronic devices. It is divided into three levels of management: top management, middle-level management, and lower-level management. The company's main objective is to expand its market reach and maintain a strong reputation for innovation and customer satisfaction.
XYZ Corporation's management team focuses on creating a positive work environment and ensuring employee well-being. This reflects which objective of management?
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