Question

How does management primarily help an organization meet the challenges of change in the business environment?

• A. By ignoring external changes and focusing solely on internal operations.
• B. By strictly adhering to traditional methods, resisting any new innovations.
• C. By planning and smoothly executing necessary organizational changes.
• D. By increasing advertising efforts to mask operational inefficiencies.

Answer 1

Answer:

C. By planning and smoothly executing necessary organizational changes.

• The key importance of management in resource utilization lies in its role of deciding how to allocate resources—like money, people, and equipment—to strategic priorities, and then ensuring their most efficient use to maximize productivity and minimize waste. This dual focus ensures that the organization's assets are not just available, but are effectively deployed and optimized to achieve its goals.