A biotechnology company is constantly faced with important decisions that are likely to have severe consequences for the future of the company. They need to make efficient, fast decisions that set the direction of the company. The top managers should do which of the following?
A) decentralize decision-making authority
B) appoint lawyers to make business decisions
C) train first-line managers to make these decisions
D) exercise centralized decision-making authority

Question

Quizplus · Accepted Answer

Given the importance and potential consequences of these decisions, it is best for the top managers to exercise centralized decision-making authority. This allows for streamlined decision-making and ensures that decisions align with the overall strategy and goals of the company. Decentralizing decision-making authority or appointing lawyers to make business decisions may result in decisions that are not aligned with the company's strategy and goals, while training first-line managers to make these decisions may not be efficient or fast enough.

A Biotechnology Company Is Constantly Faced with Important Decisions That