Since There Have Been Tremendous Changes in the Environment Faced

question 38

True/False

Since there have been tremendous changes in the environment faced by managers, the functions of planning, organizing, leading and controlling are not considered essential functions by many organizations today.

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Definitions:

Entrepreneurship

The act of creating, designing, launching, and running a new business, often characterized by innovation and risk-taking.

Statesmanship

The skill, qualities, or practice of a statesman, characterized by wisdom, diplomacy, and leadership in the governance and public affairs.

Accelerating Change

The phenomenon where change occurs at an increasing rate, often observed in technology, business strategies, and societal transformation.

Mechanizing Functions

Mechanizing functions refers to the process of automating tasks or operations, typically through the use of machinery or technology, to increase efficiency and reduce human labor.