The very plans that make a company competitive under one set of circumstances can make it uncompetitive if the management does not pay attention and react to changes in the marketplace.

Question

Quizplus · Accepted Answer

Plans and strategies must continuously evolve and adapt to remain effective in a constantly changing business environment. Management must be vigilant and willing to adjust their approach to stay competitive. Failing to do so can result in lost market share, decreased profitability, and ultimately, business failure.

The Very Plans That Make a Company Competitive Under One