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Asked by arun on :Feb. 15, 2018

The rate and magnitude of changes that can affect…

The rate and magnitude of changes that can affect organisations are decreasing dramatically. Is it …

The rate and magnitude of changes that can affect organisations are decreasing dramatically. Is it correct ?

0

Jeeba Mar. 09, 2018

No, Today's business environment is changing rapidly everyday. Due to the globalization, the pace of competition is increasing. Business environment especially after globalisation and liberalisation is witnessing changes that are fast paced and have far-reaching implications for businesses. This is true for economic, political, technological, legal, and socio-cultural factors. This has created strong pressures on organization for proactive adaptation to environmental changes for survival growth and competitive edge.

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