Question : Case Study: XYZ Manufacturing Company

XYZ Manufacturing Company is a well-established firm that produces consumer electronics. They have been facing increased competition and declining sales in recent years. The management is looking for ways to revamp their production processes and regain market share.

Question:

What is the first step XYZ Manufacturing Company should take in the planning process to improve their production processes?

Option 1: Setting objectives and goals
  

Option 2: Identifying potential risks
 

Option 3: Allocating resources

Option 4: Evaluating alternatives

Question : Case Study: XYZ Manufacturing Company

XYZ Manufacturing Company is a well-established firm that produces consumer electronics. The management is planning to launch a new line of smart home appliances.

Question:

What is the first step XYZ Manufacturing Company should take in planning the new line of smart home appliances?

Option 1: Setting objectives and goals
 

Option 2: Identifying potential risks
   

Option 3: Allocating resources

Option 4: Evaluating alternatives

Question : Case Study: XYZ Manufacturing Company

XYZ Manufacturing Company is a well-established firm that produces consumer electronics. They have been facing increased competition and declining sales in recent years. The management is looking for ways to revamp their production processes and regain market share.

Question:
One of the characteristics of effective planning that XYZ Manufacturing Company should focus on is:

Option 1: Lack of flexibility
  

Option 2: Ambiguous objectives
    

Option 3: Measurable and specific goals

Option 4: Ignoring external opportunities

Question : Case Study: XYZ Manufacturing Company

XYZ Manufacturing Company is a well-established firm that produces consumer electronics. They have been facing increased competition and declining sales in recent years. The management is looking for ways to revamp their production processes and regain market share.

One of the characteristics of effective planning that XYZ Manufacturing Company should focus on is:

Option 1: Lack of flexibility
   

Option 2: Ambiguous objectives
   

Option 3: Measurable and specific goals

Option 4: Ignoring external opportunities

Question : Case Study: XYZ Manufacturing Company

XYZ Manufacturing Company is a well-established firm that produces consumer electronics. The management is planning to launch a new line of smart home appliances.

Question:

What should XYZ Manufacturing Company do after setting objectives and goals in the planning process for the new line of smart home appliances?

Option 1: Identifying potential risks
   

Option 2: Allocating resources
   

Option 3: Developing premises

Option 4: Evaluating alternatives