Because Economic and Competitive Environments Frequently Change, Organizations Should

question 32

Multiple Choice

Because economic and competitive environments frequently change, organizations should

• A) set a long-term plan and stick to it.
• B) develop contingency plans.
• C) save time and money by cutting back on planning.
• D) eliminate any long-term strategic plans, but devise short-term tactical plans and update them once a year.

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Definitions:

Ludwig's Studies

Presumably refers to research or experimental findings by a notable individual named Ludwig, requiring more specific context to accurately define.

Biographies

Written accounts of individuals' lives.

Creative Success

Achievement or recognition in any field that involves novel and original ideas or solutions.

Ethnic Differences

Variations in traits, customs, norms, and cultural practices among different ethnic groups.