Issues and Challenges

What is the main goal of organizational change?

• Maximize benefits and minimize change impacts on workers

• Maximize change impacts on workers

• Minimize benefits for workers

• Maximize profits only

Which of the following is NOT one of the important trends in management today?

• Quality Control

• Sustainability and Corporate Social Responsibility

• Technology

• Globalization

What is the main impact of globalization on global business?

• Shift in world order with impact on global business

• Decreased interconnectedness

• Decreased financial crisis

• Increased isolation of nations

What is the role of information technology in business according to the text?

• It is only used for marketing purposes

• It has no impact on business

• It is the driving force behind changes in business

• It is not used in business processes

What is the focus of sustainability and corporate social responsibility in business?

• Avoiding interdisciplinary interaction

• Applying management principles to solve social issues

• Ignoring environmental issues

• Maximizing profits at any cost

What is the significance of the study of psychology in organizational management?

• It is not relevant to business practices

• It helps in analyzing individual and institutional psychology for business objectives

• It is only focused on customer satisfaction

• It has no significance

What are business ecosystems defined as?

• Individual firms working independently

• Groups of firms providing complex products and related services across the value chain

• Groups of firms providing products only

• Groups of firms providing unrelated services

What is one of the challenges faced by managers according to the text?

• Lack of innovation and change

• Total quality management

• Lack of globalization

• Decreased workforce diversity

What is the main impact of workforce diversity on organizations?

• Potential for higher turnover and difficult communication

• No impact on productivity

• Increased interpersonal conflicts

• Decreased turnover and communication issues

What is the concept of empowerment in management?

• Ignoring employee input

• Restricting employees from making any decisions

• Allowing employees full control of their work

• Assigning all decision-making to managers