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.
XYZ Tech Solutions' management team is known for its ability to adapt to changing market trends and customer demands. This demonstrates the management principle of:
Option 1: Unity of direction
Option 2: Initiative
Option 3: Flexibility
Option 4: Centralization
Correct Answer: Flexibility
Solution : The correct answer is (c) Flexibility
Flexibility in management principles refers to an organization's capacity to adjust and adapt to changing conditions, market trends, and customer demands. It involves being open to change and being agile in response to evolving circumstances. In this context, XYZ Tech Solutions' management team is demonstrating the ability to be flexible and responsive to the dynamic business environment.
XYZ Tech Solutions' management team believes in empowering employees to make decisions and take initiatives. This reflects the management principle of:
Option 1: Equity
Option 2: Authority and responsibility
Option 4: Initiative
Which management function involves coordinating the efforts of different departments in XYZ Tech Solutions?
Option 1: Planning
Option 2: Organizing
Option 3: Leading
Option 4: Controlling
Which objective of management focuses on achieving personal goals and aspirations in XYZ Tech Solutions?
Option 1: Economic objective
Option 2: Social objective
Option 3: Organizational objective
Option 4: Personal objective
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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