Contemporary businesses are:
A)beginning to use Fayol's principles of organization to respond quickly to changes in the marketplace.
B)reorganizing to be more competitive.
C)performing the organization function to look good to prospective buyers.
D)adding to their workforce as part of adaptive change.

Question

Quizplus · Accepted Answer

Contemporary businesses are constantly reorganizing to stay competitive in the marketplace. This includes restructuring their teams, operations, and strategies to adapt to changing consumer needs and industry trends. While Fayol's principles of organization may still be useful in some ways, businesses today are looking for more agile and flexible approaches to keep up with the fast pace of modern business. Additionally, businesses may not be adding to their workforce as part of adaptive change, as automation and technology have allowed them to do more with fewer employees.

Contemporary Businesses Are