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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


Team Careers360 3rd Jan, 2024
Answer (1)
Team Careers360 4th Jan, 2024

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.



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