Firms need some degree of ability to thrive in chaotic environments in order to survive.

Question

Quizplus · Accepted Answer

Chaotic environments are characterized by unpredictability, uncertainty, and discontinuity. In such situations, firms need to possess flexibility, adaptability, and resilience to quickly respond to changes and uncertainties. Therefore, having the ability to thrive in chaotic environments can help firms survive and even gain a competitive advantage.

Firms Need Some Degree of Ability to Thrive in Chaotic