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 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
Correct Answer: Allocating resources and assigning tasks
Solution : The correct answer is (b) Allocating resources and assigning tasks
Organizing is the management function that entails arranging resources, such as human resources, finances, and physical assets, and assigning tasks and responsibilities to ensure that the organization's objectives are achieved efficiently. In the context of a software development company like XYZ Tech Solutions, organizing would involve allocating resources, forming project teams, and assigning tasks to employees to deliver innovative technology solutions and support customers effectively.
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 management function of leading in XYZ Tech Solutions involves:
Option 1: Monitoring and evaluating employee performance
Option 2: Guiding and motivating employees to achieve organizational goals
Option 3: Setting performance standards and measuring actual performance
Option 4: Assigning tasks and responsibilities to employees
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