One of the Options in a Product-Management Organization Is to Eliminate

question 48

Multiple Choice

One of the options in a product-management organization is to eliminate product manager positions for minor products and assign two or more products to each remaining manager. Under what conditions is this alternative feasible?

• A) when the product mix is highly diverse
• B) when there are very few products in the company's portfolio
• C) when two or more products serve a similar set of needs
• D) when customers fall into different user groups
• E) when the company produces many products for many markets

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Definitions:

Rules

Rules are prescribed guides for conduct or action that are established by an authority, institution, or organization to regulate behaviour.

Procedures

Established or official ways of doing something, which involve a series of actions or steps taken in order to achieve a particular end.

Traditional Organization Design

A hierarchal structure in organizations where positions and information flow from top to bottom, characterized by clear departmentalization and authority gradients.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and running new businesses or ventures.