A fundamental challenge of managing a large firm is to achieve an optimal trade-off between:
A)Cooperation and division of unqualified labor
B)Division of labor and efficiency
C)Division of labour, specialisation, co-ordination and co-operation.
D)Cooperation, coordination and profit.

Question

Quizplus · Accepted Answer

In order to effectively manage a large firm, it is important to find the right balance of division of labor, specialization, coordination and cooperation. Division of labor and specialisation lead to greater efficiency in the production process, but effective coordination and cooperation are necessary to ensure that the various parts of the company work together towards a common goal. Additionally, achieving this balance ultimately leads to greater profitability for the firm.

A Fundamental Challenge of Managing a Large Firm Is to Achieve