Question : Case Study 14:
PQR Enterprises is a manufacturing company that has been facing challenges in recruiting and retaining skilled employees due to changes in educational trends and skill requirements.
Q:- How can understanding the social environment help PQR Enterprises in dealing with changes in educational trends and skill requirements?
Option 1: By offering higher salaries and benefits
Option 2: By implementing flexible work hours
Option 3: By investing in employee training and development
Option 4: By outsourcing recruitment to external agencies
Correct Answer: By investing in employee training and development
Solution : The correct answer is (C) By investing in employee training and development
Understanding the social environment can help PQR Enterprises in dealing with changes in educational trends and skill requirements by enabling the company to invest in employee training and development. This approach acknowledges the importance of adapting to evolving educational trends and skill needs. By investing in training and development programs, the company can upskill its workforce to meet the changing requirements, attract and retain skilled employees, and remain competitive in the job market.
Question : Case Study 6:
GST Ltd. is a service-based company facing challenges in hiring skilled employees due to changes in educational and social trends.
Q:- How can understanding the social environment help GST Ltd. in recruiting skilled employees?
Question : Case Study 16:
JKL Enterprises is a retail company that is facing challenges due to changes in consumer preferences and lifestyle trends.
Q:- How can understanding the social environment help JKL Enterprises in dealing with changes in consumer preferences and lifestyle trends?
Option 3: By investing in market research and product development
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