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.
The nature of management in XYZ Corporation is influenced by:
Option 1: Internal factors only
Option 2: External factors only
Option 3: Both internal and external factors
Option 4: -
Correct Answer: Both internal and external factors
Solution : The correct answer is (c) Both internal and external factors
Management in any organization, including XYZ Corporation, is influenced by a combination of internal and external factors. Internal factors can include the organization's culture, structure, resources, and its internal strengths and weaknesses. External factors can encompass the competitive environment, economic conditions, legal and regulatory factors, technological advancements, and changes in the market or industry. Effective management requires consideration of both internal and external factors to make informed decisions and adapt to the changing business environment.
