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 primary function of top management in XYZ Corporation is to:
Option 1: Oversee the day-to-day operations
Option 2: Develop long-term strategies and policies
Option 3: Coordinate activities within departments
Option 4: Execute plans and policies
Correct Answer:
Develop long-term strategies and policies
Solution : The correct answer is (b) Develop long-term strategies and policies
Top management in XYZ Corporation, as in most organizations, is responsible for setting the overall direction and long-term strategic goals of the company. They focus on developing strategies and policies that guide the organization towards its objectives and vision. Day-to-day operations are typically overseen by lower-level management, while top management concentrates on the big picture and the company's future.
