Question

The Acme Products case study notes that the senior management at Acme is concerned because the company takes so long to bring new products to the market. Which of the following approaches would your trainees identify as the most likely solution to resolve this problem?

A) reducing the use of cross-functional work teams
B) decentralization of the decision-making process
C) decreased work specialization
D) decreased formalization of policies and procedures
E) reduced diversity within the company's work force

Answer 1

The most likely solution to Acme Products' problem of long time to market is decreasing formalization of policies and procedures.

Step-by-step explanation:

The most likely solution to resolve the problem of Acme Products taking a long time to bring new products to the market would be decreasing formalization of policies and procedures. Formalization refers to the extent to which an organization has clear rules, procedures, and guidelines. By decreasing formalization, Acme would be able to streamline decision-making processes and reduce bureaucracy, allowing for faster product development and market entry.