Question : Case Study: XYZ Corporation
XYZ Corporation is a manufacturing company known for producing high-quality electronic devices. It is divided into three levels of management: top management, middle-level management, and lower-level management. The company's main objective is to expand its market reach and maintain a strong reputation for innovation and customer satisfaction.
What aspect of management is influenced by changes in the external environment in XYZ Corporation?
Option 1: Decision-making processes
Option 2: Organizational structure
Option 3: Employee motivation
Option 4: Long-term strategic planning
Correct Answer: Long-term strategic planning
Solution : The correct answer is (d) Long-term strategic planning
Changes in the external environment, such as shifts in the market, technological advancements, economic conditions, and competitive forces, can significantly influence the long-term strategic planning of a company like XYZ Corporation. In response to these changes, the company may need to adapt its strategic goals and initiatives to remain competitive and achieve its objectives. This often involves assessing the impact of external factors and making adjustments to the organization's long-term plans and direction.
