Two of the primary challenges facing managers today are managing for a competitive advantage and diversity dealing with union and financial issues dealing with ethical dilemmas and decreasing diversity dealing with the lack of information and union problems dealing with employee issues and maintaining good records

The right answer that will fill in the blank is the first option which is the managing for a competitive advantage and diversity. It is one of the challenges that the managers faces today because a lot of things arises now a days, especially new technologies and advances that could rise competition. It is where this challenge occurs and opens as a challenge for managers and also the diversity for now a days, a lot of things could be set as a factor in competition.

Question Completion with Options:

O Concurrent engineering requires less teamwork.

O In concurrent engineering, design and manufacturing activities have taken place sequentially.

O Concurrent engineering saves resources and time.

O Concurrent engineering requires less support of an organization's top management.

Traditionally, design and manufacturing activities have taken place sequentially. Nowadays, the concurrent engineering is more preferred because:

O Concurrent engineering saves resources and time.

Explanation:

Concurrent engineering or simultaneous engineering refers to the method of designing and developing products in which the different processes run at the same time and not sequentially.  This method reduces product development time.  It has also drastically reduced the time to market.  Concurrent engineering has led to improved productivity and reduced costs, both in the design, manufacture, and marketing of products.