Question : Case Study 2:
ABC Furniture is a leading furniture manufacturer that faces intense competition in the market. The company wants to implement control systems to ensure the efficiency of its production process and maintain a competitive edge.
Question:
Which feature of controlling is ABC Furniture most likely to emphasize?
Option 1: Goal setting.
Option 2: Employee training.
Option 3: Workplace diversity.
Option 4: External communication.
Correct Answer: Goal setting.
Solution : The correct answer is (a) Goal setting.
Goal setting is a crucial aspect of controlling that involves defining clear and specific objectives for the organization. In ABC Furniture's case, setting goals related to production efficiency, quality standards, cost management, and maintaining a competitive edge can help guide the company's efforts and measure its performance against these goals. By setting well-defined goals, ABC Furniture can monitor its progress, identify any deviations, and take corrective actions to ensure that it stays on track to achieve its objectives. This emphasis on goal setting is essential for enhancing efficiency and competitiveness in a challenging market environment.
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