Ivan is the founder of a firm producing self-driving vehicles. Because the industry is so new and chaotic, Ivan favors a top-down strategic planning approach in which he exerts strong control over all aspects of the business, from product development and design to manufacturing and marketing. What is wrong with this scenario?
A. The top-down approach leaves other employees uncertain about their roles in the company.
B. The top-down approach is expensive to maintain, leaving the company at a competitive disadvantage.
C. The top-down approach can only be applied to specific business functions.
D. The self-driving vehicle industry is changing too much for the top-down approach to be effective.
Answer: D
You might also like to view...
Manufacturers seeking to defend against strong private label brands can respond by focusing on core brands, advertising more, or expanding product offerings
Indicate whether the statement is true or false
Holmes Manufacturing Inc had the following purchases budgeted for the last six months of 2013: July $60,000 August 45,000 September 52,000 October 60,000 November 80,000 December 85,000 Holmes pays one-half of a month's purchases in the month of purchase and the remainder in the following month. What are expected total cash disbursements for the last quarter of 2013?
A) $112,500 B) $225,000 C) $182,500 D) $208,500
A termination statement is filed by the debtor when a secured debt is paid off
Indicate whether the statement is true or false
Which of the following types of transportation will provide the best service capability?
A) contract B) private C) common D) All of the above are equal. E) none of the above