An organization that fails to monitor its environment and to change to keep pace with that environment is doomed to failure.

Question

Quizplus · Accepted Answer

Monitoring the environment is crucial for any organization as it helps in identifying the changes happening in the market and adapting accordingly. Without monitoring and changing to keep pace with the environment, an organization may become obsolete and fail to meet the expectations of its customers, stakeholders, and competitors which can lead to eventual failure.

An Organization That Fails to Monitor Its Environment and to Change