Question : Case Study: XYZ Tech Solutions
XYZ Tech Solutions is a software development company known for its innovative products. The company is managed by three levels of management: top management, middle-level management, and lower-level management. XYZ Tech Solutions aims to be a market leader by providing cutting-edge technology solutions and excellent customer support.
The management function of planning in XYZ Tech Solutions involves:
Option 1: Allocating resources to different projects
Option 2: Guiding and motivating employees
Option 3: Setting organizational goals and strategies
Option 4: Monitoring employee performance
Correct Answer: Setting organizational goals and strategies
Solution : The correct answer is (c) Setting organizational goals and strategies
Planning in management encompasses activities such as setting organizational goals, developing strategies to achieve those goals, and outlining the necessary steps and actions to be taken. While allocating resources and guiding and motivating employees are important management activities, they are typically more associated with the organizing and leading functions of management, respectively. Monitoring employee performance is part of the controlling function of management and is related to assessing progress and making necessary adjustments, but it's not the primary focus of the planning function. Planning primarily deals with setting the direction and objectives of the organization.
The management function of organizing in XYZ Tech Solutions involves:
Option 1: Setting performance standards
Option 2: Allocating resources and assigning tasks
Option 3: Monitoring employee performance
Option 4: Guiding and motivating employees
The management function of controlling in XYZ Tech Solutions involves:
Option 1: Guiding and motivating employees to achieve organizational goals
Option 2: Setting performance standards and measuring actual performance
Option 3: Allocating resources and assigning tasks
Option 4: Monitoring and evaluating employee performance
The primary objective of XYZ Tech Solutions is to:
Option 1: Maximize profits
Option 2: Provide cutting-edge technology solutions
Option 3: Offer excellent customer support
Option 4: Expand into new markets
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