Which of the following represent the most significant source of change impacting many organizations today?
A)Increasing cultural change
B)Declining corporate governance
C)Increasing globalization
D)Stronger drive for a consistent business ethics across organizations
E)Declining legislative power

Question

Quizplus · Accepted Answer

Globalization is the most significant source of change impacting many organizations today. With the advancements in technology and communication, businesses are now connected globally, making it essential to adapt to the diverse cultural, economic, and political environments. The increasing interdependence of world markets has resulted in intense competition, with businesses looking for cost-effective ways to produce goods and services. Thus, globalization affects not only large multinational organizations but also small and medium-sized enterprises, requiring them to be agile and responsive to the changing business environment.

Which of the Following Represent the Most Significant Source of Change