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 nature of management in XYZ Tech Solutions is best described as:
Option 1: Static and unchanging
Option 2: Rigid and inflexible
Option 3: Dynamic and adaptive
Option 4: Autonomous and independent
Correct Answer: Dynamic and adaptive
Solution : The correct answer is (c) Dynamic and adaptive
In a rapidly evolving industry like technology solutions, management needs to be dynamic and adaptive. It means being responsive to changing market conditions, emerging technologies, and customer needs. A dynamic and adaptive management approach is essential for success in such an environment. This approach allows organizations to adjust and thrive in an ever-changing business landscape.
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
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