The faster a company's business environment is changing only makes it imperative for strategy makers to:
A) pay attention to early warnings of future change and be willing to experiment to establish a market position in the future.
B) stay abreast of the changes by developing a comprehensive knowledge management system to monitor the environment.
C) establish controls to ensure the impact of any changes is monitored appropriately and ensure the internal environment is maintained.
D) align their decision-making with organizational unit objectives.
E) to develop financial objectives that reflect the implications of change and that meet the internal environment's functional focus.

Question

Quizplus · Accepted Answer

A fast-changing business environment requires companies to be proactive and stay ahead of potential changes. This can be done by paying attention to early warnings of future change and being willing to experiment to establish a market position in the future. This approach allows companies to adapt quickly to changes and remain competitive in their industry.

The Faster a Company's Business Environment Is Changing Only Makes