In what environment can companies not rely on planning years ahead but rather need experimentation to stay abreast of innovation?
A) in a macroeconomic environment
B) in a competitive environment
C) in a high-velocity environment
D) in a stable environment

Question

Quizplus · Accepted Answer

Companies cannot rely on planning years ahead in a high-velocity environment, which is characterized by rapid and constant changes in the market and technology. In such an environment, experimentation and agility are critical to staying abreast of innovation and remaining competitive. In macroeconomic or stable environments, companies can rely on planning years ahead, while in a competitive environment, companies need to balance both planning and agility to respond to competitors.

In What Environment Can Companies Not Rely on Planning Years