What does the evolution of the environment tell firms, and how do they react to it?

Question

Quizplus · Accepted Answer

The Answer is The beginning of the 21st century has been full of good and bad events, and was finally as turbulent as the last two decades.
These changes in the political, sociological, and economic environments have considerable consequences on firms' life and strategies, and on managerial practices
a) At a general level, because the environment has become more volatile and unpredictable, firms need to increase their flexibility and their ability to respond to these changes, which impact their strategy and their organizational structure
b) More specifically, particular events call for customized answers from firms, to deal with these changes. For example, economical changes in China and in India have respectively led to major outsourcing of manufacturing and IT activities in these two countries
c) More broadly, firms and researchers need to rethink their models and representations of the corporate world, to take into consideration the evolution of the nature of strategy, the responsibilities of the corporation, and the role of management
This field is only under construction and cannot provide complete and formalized answers, but only exploratory insights to generate reflection

What Does the Evolution of the Environment Tell Firms, and How