Home Designs, Inc.
Home Designs, Inc. leveraged its brand name recently by adding windows and roof-related work and installation. On the same acreage where Home Designs has a door manufacturing facility, the company built another production facility for making windows. Sherice, the owner, is considering the strategic management approach necessary to determine how to take advantage of the company's strengths and exploit its opportunities.
-Refer to Home Designs, Inc. Sherice must know that, from a ___________ viewpoint, her management team will be more productive if the members have complementary skills.

Question

Quizplus · Accepted Answer

Management synergy refers to the coordination and collaboration among the management team to achieve common goals. Having complementary skills means that each member can bring a unique perspective to the table, leading to better decision-making and increased productivity. This is especially important when a company is expanding into new areas, such as Home Designs, Inc. with their new window and roof-related work.

Home Designs, Inc. Home Designs, Inc. Leveraged Its Brand Name Recently by Adding