in order to be successful and Organisation must change its goal according to the needs of the environment which characteristic of management is highlighted in the statement?

Question

Business

Neveah Le

12 November, 12:12

in order to be successful and Organisation must change its goal according to the needs of the environment which characteristic of management is highlighted in the statement?

+4

Answers (1)

Know the Answer?

Julia Thornton · Answer 1

Dynamic function

Explanation:

Dynamic function of management speaks to the ever changing business environment such as customers expectation, business regulation, competition, suppliers, creditors etc.

It is expected of business management to change goals inorder to align with the need of the environment. Changing goals means making adjustments to decisions based on the changing business environment for survival purposes.

For instance, if a particular product is banned in a country where it is sold, management of an organization producing such product must discontinue the product and look for another line of production so that they can remain relevant in business.