According to the ____, companies go through long, simple periods of environmental stability, followed by short, complex periods of dynamic, fundamental environmental change, finishing with a return to environmental stability.

Question

Quizplus · Accepted Answer

The description matches the punctuated equilibrium theory, which proposes that companies experience long periods of stability interrupted by short periods of rapid change. This theory suggests that businesses must adapt to environmental changes quickly to survive.

According to the ____, Companies Go Through Long, Simple Periods