Solved

Refer to the Scenario Below to Answer the Following Questions

question 70

Multiple Choice

Refer to the scenario below to answer the following questions.
Restructuring at Prairie Farm Equipment (Scenario)
Jim Johnson is the CEO of Prairie Farm Equipment Corp, a major Canadian manufacturer. Prairie has been in business for more than 100 years and has been very profitable. Today, the company has a tall structure with formalized communication channels and rigid hierarchical relationships. All major decisions are made by Mr. Johnson. This arrangement has worked well until recently, when the company began to encounter some major global competition. Foreign companies have begun to export new, lower-priced products into the Canadian market. At the same time, foreign markets appear to be opening their doors to more Canadian products. A few days ago, one of the vice-presidents presented some exciting news about a major market opportunity overseas. Several managers were now working on an international expansion proposal to be presented at the next board meeting. As the company's strategy was beginning to change, Mr. Johnson realized that its structure would also need to change. But change how? The company was very large and used routine technology to produce its products. What should he do?
-Decision-making authority at Prairie is highly __________.

Definitions:

Older Years

A term referring to the later stages of life, often associated with retirement, aging, and increased life experience.

Elderly Individuals

Refers to people who are typically aged 65 and older, often characterized by increased experience but potentially facing age-related health concerns.

Rapidly Increasing Group

A demographic, species, or any category that experiences quick and significant growth in numbers or influence.

Prescriptions

Written orders from a qualified health care practicioner authorizing a patient to be issued a medicine or treatment.