To Succeed,managers Must Monitor Their Environment and Change to Keep

question 31

True/False

To succeed,managers must monitor their environment and change to keep pace with it.

---

Definitions:

Demand Legitimacy

The validity and legitimacy of a stakeholder’s interest in the organization.

Stakeholder's Concerns

The issues or interests that stakeholders (individuals or groups affected by or with an interest in a company's operations) have in the actions and performance of an organization.

Corporate Governance

The system of rules, practices, and processes by which a company is directed and controlled, focusing on balancing the interests of stakeholders.

Governments

The system or group of people governing an organized community, often a state, including institutions and individuals with authority to make and enforce laws.