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Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
5. Many have written that
the external environment
changes very rapidly, often
in unpredictable ways. Do
you agree? Why or why not?
Assuming that the environment
does change in unpredictable
ways, what relevance does this
have for both (a) attempting to
take a proactive approach and
(b) strategy formulation?
Transcribed Image Text:5. Many have written that the external environment changes very rapidly, often in unpredictable ways. Do you agree? Why or why not? Assuming that the environment does change in unpredictable ways, what relevance does this have for both (a) attempting to take a proactive approach and (b) strategy formulation?
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