The more effective companies in a fast-shifting environment are those in which managers:
A) take a top-down approach to planning and goal setting.
B) use centralized planning.
C) implement static plans.
D) react to short-term changes in the environment.
E) take a flexible approach to planning and goal setting.

Question

Quizplus · Accepted Answer

In a fast-shifting environment, it is necessary for companies to be flexible in their planning and goal setting. Static plans will likely become outdated quickly, and reacting only to short-term changes may not allow for long-term success. Taking a top-down or centralized approach may also limit the ability to adjust quickly to changes in the environment. A flexible approach allows companies to adapt quickly to changes and stay competitive in the market.

The More Effective Companies in a Fast-Shifting Environment Are Those