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 is known for its ability to adapt to changing market conditions and technology advancements. This demonstrates the management principle of:
Option 1: Unity of direction
Option 2: Scalar chain
Option 3: Initiative
Option 4: Flexibility
Correct Answer: Flexibility
Solution : The correct answer is (d) Flexibility
Flexibility in management means being open to change and adaptation in response to shifting circumstances and opportunities. It involves the willingness to adjust strategies, processes, and structures to remain competitive and responsive to the evolving business environment. This adaptability is a key factor in a company's success in dynamic and changing markets.
Which objective of management focuses on fulfilling social responsibilities in XYZ Corporation?
Option 1: Economic objective
Option 2: Social objective
Option 3: Organizational objective
Option 4: Personal objective
Which level of management in XYZ Corporation is responsible for formulating plans and policies to achieve organizational goals?
Option 1: Top management
Option 2: Middle-level management
Option 3: Lower-level management
Option 4: -
Which level of management is responsible for making decisions about the day-to-day operations of XYZ Corporation?
Which level of management in XYZ Corporation is responsible for supervising employees and ensuring they perform their tasks efficiently?
XYZ Corporation's management team believes in empowering its employees to take initiatives and make decisions. This reflects the management principle of:
Option 2: Authority and responsibility
Option 3: Equity
Option 4: Initiative
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