Two major factors will drive changes in how to manage successful firms in future:

Question

Quizplus · Accepted Answer

Deploying more capabilities and being able to respond to external changes quickly and effectively will be crucial to success in the future. Outsourcing and concentrating on one core capability may provide short-term benefits but may not be sustainable in the long run. Globalization and relocating operations to low-cost countries may be a strategy for cost-cutting but may also have drawbacks such as quality control and cultural differences. Innovation is important but downsizing to just a few key employees may not be feasible for all companies.

Two Major Factors Will Drive Changes in How to Manage