Changes needed to adapt to environmental changes:
A)are easier in established organizations because of inertiA.
B)can be avoided by late entry.
C)are more difficult because of the tendency to escalate commitment.
D)don't affect smaller organizations.

Question

Quizplus · Accepted Answer

The tendency to escalate commitment, which refers to the unwillingness to abandon a course of action even when it is not delivering desired results, can make changes to adapt to environmental changes more difficult. This is because the organization may have invested a significant amount of time, resources, and effort into their current approach, making it harder to abandon. This challenge is not exclusive to established organizations, and smaller organizations can also struggle to make necessary changes. Late entry into a market may offer some advantages, but it does not necessarily guarantee ease in adapting to environmental changes.

Changes Needed to Adapt to Environmental Changes