The best managers, who expect norms to shift over time, constantly decipher the changes in the informal "rules of the game" and then incorporate them in setting the strategies of the firm.

Question

Quizplus · Accepted Answer

The statement correctly describes how the best managers operate in dynamic and changing environments. They are aware of the informal norms or rules that govern behavior in the firm and industry and adjust their strategies accordingly. They remain adaptable and responsive to changes in the business landscape.

The Best Managers, Who Expect Norms to Shift Over Time