Question

Maria, David, and Sylvia are concerned that their company will not survive the current recession. As experienced ________ managers, they are working collaboratively to develop new business strategies and work processes to effectively and efficiently support the company so that it can survive the current economic downturn and thrive in the coming years. Their employees are depending upon them to provide overall management of the company.

A) frontline
B) tactical
C) top-level
D) matrix
E) knowledge

Answer 1

Experienced top-level managers like Maria, David, and Sylvia develop strategies to navigate their company through a recession, maintaining a balance between workforce management and operational efficiency, while established companies can draw financial capital based on their performance records.

Step-by-step explanation:

Maria, David, and Sylvia, as experienced top-level managers, are tasked with steering their company through the current recession. These managers play a critical role in developing new business strategies and work processes which are essential for the company's survival and future prosperity. In the face of economic downturns, companies often face the dilemma of laying off workers to cut costs or retaining them to avoid the expenses associated with rehiring and training when the market recuperates. Firms also tend to wait for a confirmed end to a recession before making significant investments in new hires. Established companies with clear profit strategies can attract financial capital from outside investors such as bondholders and shareholders, even with less personal knowledge about the management team.